Texas Young Lawyers Association

IOLTA Attorney Compliance Goes Online!

July 05,2006

Electronic compliance process could mean more money for legal aid. The Supreme Court of Texas requires that every licensed Texas attorney submit IOLTA compliance information each year to the Texas Equal Access to Justice Foundation, regardless of whether the attorney handles IOLTA funds. This year, Texas attorneys can submit their mandatory IOLTA compliance information online at www.teajf.org beginning May 1.

Interest earned on qualifying IOLTA accounts is allocated to the Foundation, which grants the funds to nonprofit groups that provide free civil legal aid to indigent Texans. The funds help poor clients resolve their legal issues, such as obtaining protection from abusive spouses, maintaining public benefits and gaining recourse when faced with consumer scams. Previously, the Foundation has handled compliance via U.S. mail at a cost of about $46,000 or more annually. The Foundation anticipates that with the full participation of Texas attorneys, the cost of IOLTA compliance will be significantly reduced.

* The more attorneys who comply online, the more funds which can be dedicated to helping low-income Texans attain justice in civil matters. *

Attorneys can easily fill out compliance information online with the touch of a few computer keys. It's quick, convenient and secure. The IOLTA online compliance period begins May 1, 2006. Visit www.teajf.org to access your IOLTA compliance information.

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