Answer: Select an approved bank or credit union and complete our COLTAF Account Enrollment Form.

Explanation: Colorado lawyers and LLPs are only permitted to hold client and third-party funds at financial institutions approved by the Office of Attorney Regulation Counsel. You can find a list of recommended institutions here.

Once you select a bank or credit union, print out the COLTAF Account Enrollment Form and take it with you to the financial institution. The responsible lawyer or LLP will need to complete the first half of the form and the teller will complete the second half. It is extremely important that the account opening checklist on the form is completed. A teller may not skip or decline to complete any of the checklist items.

Once the account is opened and the COLTAF Account Enrollment Form has been completed, return a copy to COLTAF. Some banks will return a copy of the form as a courtesy. You must also provide the Office of Attorney Regulation Counsel with an updated Compliance Statement. OARC forms can be found here.