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NC Interest on Lawyers’ Trust Accounts implements comparability (access required)

On Jan. 28, the N.C. Supreme Court approved revisions to the NC IOLTA rules that require lawyers to hold their IOLTA accounts only at eligible banks, those banks that agree to pay IOLTA accounts the highest rate available to that bank's other customers when the IOLTA accounts meet the same minimum balance or other account qualifications (known as comparability).

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