Participate in IOLTA to Support Legal Aid
"IOLTA" stands for Interest on Lawyer Trust Accounts. An IOLTA account is a pooled, interest-bearing demand deposit account used by lawyers to hold client funds.
All New Mexico attorneys who hold eligible funds are required to participate in IOLTA; funds must be held at eligible financial institutions. (Rule 24-109 NMRA)
The interest generated by the client funds held in a pooled interest-bearing trust account are remitted to the State Bar of New Mexico, the entity that administers the IOLTA program for the state.
The funds are distributed annually to civil legal services providers in New Mexico that provide civil legal assistance to the poor.
For more information, please visit the State Bar website HERE.
All New Mexico attorneys who hold eligible funds are required to participate in IOLTA; funds must be held at eligible financial institutions. (Rule 24-109 NMRA)
The interest generated by the client funds held in a pooled interest-bearing trust account are remitted to the State Bar of New Mexico, the entity that administers the IOLTA program for the state.
The funds are distributed annually to civil legal services providers in New Mexico that provide civil legal assistance to the poor.
For more information, please visit the State Bar website HERE.