NFPA PACE RP Practice Questions - NFPA Paralegal Advanced Competency Exam (PACE) - Registered Paralegal (RP) Exam

What is the primary purpose of a client trust account (IOLTA) maintained by a law firm?

To hold the firm's operating funds To safeguard client funds separately from firm funds To pay attorney bonuses To accept credit card processing fees

Correct Answer:

To safeguard client funds separately from firm funds

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