Annual Interest on Lawyer Trust Accounts (IOLTA) Compliance Report to Court of Appeals
The Maryland Court of Appeals issues a mailing with reporting forms and instructions for complying with the IOLTA and Pro Bono reporting requirements in early January of each year.
IOLTA Compliance – Annual Deadline February 15
If you are a lawyer in private practice in the state of Maryland, you must place all eligible client trust funds into an Interest on Lawyers Trust Account (IOLTA). Your escrow accounts and banking relations will remain the same, and the Maryland Legal Services Corporation will pay reasonable and customary service charges on your IOLTA escrow account.
The Maryland Court of Appeals adopted Maryland Rule 16-608 effective January 1, 2002 requiring all Maryland-admitted attorneys to report annually on their compliance with our State’s interest on lawyer trust account (IOLTA) program. This rule is intended to strengthen uniform compliance with the mandatory IOLTA program enacted by the Maryland General Assembly in Maryland Code, Business Occupations and Professions, Section 10-303, effective July 1, 1989.
IOLTA Honor Roll
By participating in the IOLTA Honor Roll, financial institutions and attorneys help support the provision of critically needed legal aid to those Marylanders unable to afford such services. See the current Honor Roll and approved IOLTA financial institutions in Maryland.
Judicare Family Law Project Opportunities
The Judicare Family Law Project provides opportunities for private lawyers to be paid reduced fees to serve low-income persons who could not otherwise obtain civil legal services. Attorneys receive cases from MLSC grantees to assist with contested family cases, such as divorce, custody and other contested family cases in which there is an important interest at stake and in which the litigant cannot effectively represent himself or herself. For more information, see the Judicare Family Law Project.