Title

Judge James Hill, '74, reappointed Chair of ABA Trust Account Commission

Document Type

News Article

Publication Date

6-22-2015

Campus Unit

School of Law

Abstract

The American Bar Association announced June 18 that South Central Judicial District Judge James Hill has been reappointed as chair of the Commission on Interest on Lawyer Trust Accounts.

The ABA Commission on IOLTA supports the operation of IOLTA programs nationwide. Created in 1986, the nine-member commission: (1) collects, maintains, analyzes and disseminates information on programs involving the use of interest on lawyers' trust accounts for the support of law-related public service activities; (2) makes recommendations for ABA policy on the creation and operation of IOLTA programs; (3) maintains liaisons with state IOLTA programs; and (4) oversees the IOLTA Clearinghouse, which provides information, materials and technical assistance on IOLTA program design and operation.

IOLTA – Interest on Lawyers’ Trust Accounts – is a method of raising money for charitable purposes, primarily the provision of civil legal services to indigent persons. The establishment of IOLTA in the United States followed changes to federal banking laws passed by Congress in 1980, which allowed some checking accounts to bear interest. IOLTA programs currently operate in 50 states, the District of Columbia, and the U.S. Virgin Islands.

More information about the IOLTA commission can be found at www.americanbar.org.

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