Rule 17A-003 - Attorney assessmentA.Duty of Court. The Court shall provide for continuous funding for the fund in amounts adequate for the proper payment of claims and the costs of administering the fund with funds available for transfer under the provisions of Rule 18-102(C) NMRA and Paragraph B of this rule.B.Assessment of attorneys. Every lawyer admitted and licensed to practice law in New Mexico shall, prior to January of each year, pay to the commission an annual client protection fund fee in the amount of fifteen dollars ($15.00). The annual fee assessment shall be mailed to the state bar at the time the registration statement required under Rule 24-102.1 NMRA is submitted. Annual fee assessments collected by the state bar shall be deposited in an account in a financial institution in the name of the commission.C.Suspension. A lawyer's failure to pay any fee assessed shall be a cause for suspension from practice until payment has been made.N.M. R. Gov. Client. Prot. Fund 17A-003
Approved by Supreme Court Order 05-8300-25, effective 12/13/2005; as amended by Supreme Court Order No. 09-8300-034, effective 9/29/2009; as amended by Supreme Court Order No. 21-8300-030, effective 12/31/2021. ANNOTATIONS The 2009 amendment, approved by Supreme Court Order No. 09-8300-034, effective September 29, 2009, in Paragraph A, after "Rule 18-102 NMRA", added "and pursuant to Paragraph B of this rule"; and in Paragraph B, deleted "Funding may be provided through an assessment from every" and added "Every"; in the first sentence, after the phrase "practice law in New Mexico", added the remainder of the sentence; and added the second and third sentences.