Basics of Trust Accounting: How to Comply with Disciplinary Board Rule 17-204
This program fulfills the requirement of Rule 17-204 NMRA, effective
Dec. 31, 2016, that an attorney take a trust accounting class at least
once every three years, or within the first year of being licensed in
New Mexico, and is one of the Disciplinary Board's ongoing programs
designed to educate attorneys on proper practices and procedures.
This course
will instruct participants on and test their knowledge of the
fundamentals of attorney trust accounts in New Mexico, including (a) the
proper operation of such accounts (b) identification of records that
must be maintained; (c) best and prohibited practices for operating a
trust account and accepting retainers; (d) recording trust transactions
in general and client ledgers; and (e) reconciling trust account ledgers
with bank statements.