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2. Interest on Lawyers' Trust Accounts - Wikipedia

   en.wikipedia.org/wiki/Interest_on_Lawyers'_Trust...

   The reason the accounts were non-interest-bearing is that prior to 1981, commercial banks were prohibited by federal law from paying interest on demand deposits (e.g. checking accounts). In addition, the lawyer could not earn interest on the account [5] because it is unethical for attorneys to derive any financial benefit from funds that belong ...

3. Talk:Interest on Lawyers' Trust Accounts - Wikipedia

   en.wikipedia.org/wiki/Talk:Interest_on_Lawyers...

   Lawyers place short-term deposits into a checking account. Prior to 1981, commercial banks were prohibited by federal law from paying interest on demand deposits (e.g. checking accounts), so the question who was entitled to the interest did not arise, since there was no interest paid.

4. Montana Justice Foundation - Wikipedia

   en.wikipedia.org/wiki/Montana_Justice_Foundation

   IOLTA (Interest on Lawyers Trust Accounts) funds are collected by the MJF and distributed through a comprehensive grants program. The MJF strategically and objectively allocates its resources to dozens of outstanding legal aid organizations and access to justice initiatives in the state of Montana.

5. Julie & Todd Chrisley ordered by judge to turn over $30,000 ...

   www.aol.com/julie-todd-chrisley-ordered-judge...

   An Interest on Lawyer Trust Accounts (IOLTA) is a type of trust account used by lawyers to responsibly hold client funds. “Lawyers may need to hold funds for retainers, settlement proceeds, and ...

6. People donated $30K to Luigi Mangione's defense as experts ...

   www.aol.com/news/people-donated-30k-luigi...

   When a person seeks legal aid, lawyers set up what is called an “Interest on Lawyer Trust Account” where money for legal services can be held separately, Reitman explained. Organizers of ...

7. Legal Services Corporation - Wikipedia

   en.wikipedia.org/wiki/Legal_Services_Corporation

   legislation that collect and distribute interest on lawyers' trust accounts. (d) Non-LSC funds means funds derived from a source other than the Corporation. (e) Private funds means funds derived from an individual or entity other than a governmental source or LSC.

8. Oregon State Bar - Wikipedia

   en.wikipedia.org/wiki/Oregon_State_Bar

   Interest on short term client deposits in lawyer trust accounts is paid by the financial institution to the Oregon Law Foundation, which uses the revenue "to fund organizations in Oregon that provide legal services to people of lesser means, promote diversity in the legal profession, and educate the public about the law." [116]

9. Child porn, DUI, trust account shenanigans get Miami metro ...

   www.aol.com/news/child-porn-dui-trust-account...

   The funds were located in six separate trust accounts which belonged to six beneficiaries. At least two of the beneficiaries were his former clients when he was a lawyer in good standing.