Ind. R. Att'y Trust Acct. 5

As amended through November 4, 2024

Rule 5 - Duty of Financial Institutions

A. Each financial institution shall report to the Indiana Supreme Court Disciplinary Commission any properly payable attorney IOLTA or non-IOLTA trust account instrument presented against insufficient funds as set forth in Indiana Admission and Discipline Rule 23, Section 29(b) through (g) and these rules irrespective of whether the instrument is honored.

B. No financial institution shall be responsible for forwarding a report of any overdraft on an account about which it has not received notice pursuant to Rule 4(A)(1) or (2) above from the depositor attorney that it is a trust account subject to overdraft reporting.