Los Angeles Office
845 S. Figueroa Street
Los Angeles, CA 90017
www.calbar.ca.gov
San Francisco Office
180 Howard Street
San Francisco, CA 94105
NOTICE TO FINANCIAL INSTITUTION TO ESTABLISH AN IOLTA ACCOUNT
Attorney Information
INSTRUCTIONS TO ATTORNEYS: Business and Professions Code section 6211(a) requires attorneys who receive or disburse
client funds in trust, to establish an unsegregated trust account for any such funds that are nominal in amount or that are on
deposit for a short period of time, and that therefore are not appropriately deposited to individual interest-bearing accounts.
This obligation is further described in the Business and Professions Code and in “Guidelines for Attorneys”.
(1) Complete this form, (2) take this form to a financial institution eligible to offer IOLTA accounts, and(3) update your
account information on My State Bar Profile.
FIRM NAME:
ATTORNEY NAME: LICENSEE# ______________________________
MAILING ADDRESS:____________________________________________________________________________
CITY:___ ___________________ _________________ STATE:___ ____ __ ZIP:_______________
TELEPHONE:
FINANCIAL INSTITUTION NAME:
____EMAIL:___________________________________________
ACCOUNT NO.:
ADDRESS: _________________________
The attorney(s) identified above hereby enroll(s) in the State Bar of California’s Interest on Lawyers’ Trust Accounts (IOLTA)
program (Business and Professions Code Business section 6091.2, 6211, 6212, and 6213(j)). Under this program, please
open the law firm’s interest-bearing account.
Financial Institution Information
INSTRUCTIONS TO FINANCIAL INSTITUTIONS: All attorney I OLTA trust accounts must
earn interest or
dividends
comparable
to
those
earned
by
other
accounts of similar size at
the
same financial institution. Interest in accordance with your standard
account disclosure must be remitted monthly or quarterly, pursuant to Business and Professions Code section 6212 and 6213.
The
account
shou
ld be
designated as a fiduciary account in the attorney or law firm’s name and must bear the State Bar
of California’s Taxpayer Identification Number to ensure that interest or dividends generated by this account will be paid to
the State Bar’s IOLTA program. No IRS Form 1099 is required to be filed for IOLTA accounts. IOLTA accounts are NOT subject to
back-up withholding.
For information, please visit the Client Trust Accounts and IOLTA webpage. The State Bar’s Office of Access & Inclusion is
available for any questions you may have. Please contact us at iolta@calbar.ca.gov or 415-538-2252 with your inquiries.
Do not send form to the State Bar of California. Update your IOLTA account information on your My State Bar Profile.
OFFICE OF ACCESS & INCLUSION
