Are you up-to-date with trust account disclosures?
We’re hearing reports of attorneys that didn’t realize they failed to complete a new requirement around making disclosures about trust accounts. Check out your status here
California lawyers must comply with new requirements to:
- Register their IOLTA and non-IOLTA accounts annually with the State Bar, either individually or through their law firm or organization;
- Complete an annual self-assessment of client trust account management practices (questions previewed here); and
- Certify with the State Bar that they understand and comply with requirements and prohibitions applicable to the safekeeping of funds and property of clients and other persons in rule 1.15 of the Rules of Professional Conduct.
Need more information about how to be compliant with CTAPP reporting requirements? Check out our on demand program from April 2024.
Update on Attorney Obligations under the Client Trust Account Protection Program (CTAPP)
- 1 Self-Study General MCLE Credit
- Recorded Date: April 10, 2024
- Speakers: Joel Osman & Heather Rosing
- Presented by the ACBA Immigration Section, AILA, and the California Lawyer’s Association
- This program provides a review of CTAPP reporting requirements and the process for compliance, along with updates on the status of the CTAPP program in the second year after its adoption.
You may also check out the State Bar’s page on CTAPP for the latest.