The Stakeholders Committee of the State Bar Board of Governors (BOG) is expected to release a draft of proposed changes to the IOLTA regulations regarding applications, eligibility, monitoring, and complaints/appeals this Friday. If the BOG agrees to the recommended 45 days of public comment scheduled, comments on the proposed changes will be due by June 30th.

LAAC is working on a red-lined version of the proposed new rules, identifying where they vary from the IOLTA statute and current rules. We plan to release this to programs on June 3rd. LAAC will also submit comments on the proposed rule and we will send a draft of these comments around to programs by June 20th. Programs will be asked to submit their own comments, as well, and LAAC staff will be available to answer questions as needed after LAAC circulates its draft comments.

The proposed rules as they have been sent to the BOG are attached, and the memo to the BOG from the Legal Services Trust Fund Program explaining the process and intent of the rules change, can be found here: http://bog.calbar.org/pages/Agenda.aspx?id=10113&tid=0&show=100001119#10001697

We will keep you updated!