IOLTA Reporting Requirement
Maryland Rule 19-409 requires all attorneys admitted to practice in Maryland to report each year on whether they have any attorney trust accounts subject to Rule 19-409 from which Interest on Lawyers Trust Accounts (IOLTA) are to be collected. Attorneys must file the written report, or file online, no later than February 15. Failure to file a timely IOLTA report can result in decertification. IOLTA funds are used to support organizations in Maryland providing legal help to persons of limited means. See a list of legal services programs that receive grants from the Maryland Legal Services Corporation (MLSC).
Instructions for completing the form are provided here. For more information about IOLTA Compliance Reporting, Frequently Asked Questions, and other information about IOLTA and the Maryland Legal Services Corporation, visit http://mlsc.org/lawyers/compliance-faqs/.