It is shocking that we have celebrated the 200th anniversary of the United States Constitution without yet assuring equal access to justice in our land.

Congressman Benjamin L. Cardin

iolta enrollment . . .

Enrolling in IOLTA is easy and participation is free!

Joining  IOLTA doesn't affect the administrative duties of managing a trust account. After conversion  to an IOLTA account, the only change is that the account will generate interest. That interest  will be reflected on your  bank statement as having been earned and paid to the IOLTA program. There are no tax consequences for you or your client. Interest earned and paid on IOLTA accounts is reported to the Internal Revenue Service via a Form 1099 generated by the financial institution and bearing the Center's taxpayer identification number.

To enroll, just complete and submit the the attorney authorization form. This form instructs your financial institution to convert your existing trust account to an interest-bearing IOLTA account. If you don't currently have a trust account, by completing the same easy form, you can open one and establish it as an IOLTA account. Nearly all New Mexico financial institutions are cooperating partners in the IOLTA program. However, if you want  to open an IOLTA account at a non-participating institution, contact the IOLTA program.