Funds held in a lawyer’s IOLTA or IOTA may become Attorney Unclaimed Funds, a new category of unclaimed funds. Effective April 12, 2021, the Ohio Revised Code includes Attorney Unclaimed Funds and authorizes the Ohio Access to Justice Foundation to use these funds to support civil legal aid and access to justice.
Attorney Unclaimed Funds include:
- Unclaimed IOLTA funds held pursuant to R.C. 4705.09
- Unclaimed IOTA funds held pursuant to R.C. 3953.231; and
- Unclaimed residual settlement funds, whether for named or unnamed plaintiffs.
See R.C. 169.01(L).
The Division of Unclaimed Funds has created a unique property code for Attorney Unclaimed Funds – TR88. Use this code when reporting such funds to the Division of Unclaimed Funds.
Please visit the Foundation’s Attorney Unclaimed Funds FAQ for more information or contact:
Financial Director, Ohio Access to Justice Foundation
Compliance/Audit Manager, Division of Unclaimed Funds