Pennsylvania Code (Last Updated: April 5, 2016) |
Title 204. JUDICIAL SYSTEM GENERAL PROVISIONS |
PART V. PROFESSIONAL ETHICS AND CONDUCT |
Subpart A. PROFESSIONAL RESPONSIBILITY |
Chapter 81. RULES OF PROFESSIONAL CONDUCT |
SubChapter B. RULES FOR INTEREST ON LAWYERS TRUST ACCOUNTS |
Section 81.102. Scope
Latest version.
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(a) All lawyers who are admitted to practice in the Commonwealth of Pennsylvania and who receive Rule 1.15 Funds with respect to such practice are subject to the requirements of Pa.R.P.C. 1.15.
(b) All lawyers who are admitted to practice in the Commonwealth of Pennsylvania and who receive Qualified Funds with respect to such practice must comply with the requirement that Qualified Funds be placed in an IOLTA Account as provided in Pa.R.P.C. 1.15 unless and to the extent an exemption is granted pursuant to Pa.R.P.C. 1.15(n) and Section 81.109 of these regulations.
(c) Each lawyer must register his or her IOLTA Account with the Disciplinary Board of the Supreme Court of Pennsylvania annually.