To find rules and regulations governing the Maryland Legal Services Corporation and Interest on Lawyers Trust Accounts, go to Legal Resources and use the citations below in the search box.
Maryland Legal Services Corporation Act – Maryland Code, Human Services, Title 11
Mandatory IOLTA – Maryland Code, § 10-303 of the Business Occupations and Professions Article
Mandatory Reporting of Compliance by Attorneys – Maryland Rules, Chapter 600. Attorney Trust Accounts. Rule 16-608. Interest on funds in attorney trust accounts.
Approval of Financial Institutions and Rate Comparability – Maryland Rules, Chapter 600. Attorney Trust Accounts. Rule 16-610. Interest on funds in attorney trust accounts.
Handling of Client Fees – Maryland Rules of Professional Conduct, Rule 1.5