In the past, the registration of trust accounts included a feature that required lawyers to obtain a contractual commitment from their
bank to report overdraft events involving their trust accounts in order to comply with Supreme Court Rule XIX, section 28D. Beginning January 1,
2012 the Supreme Court made the process easier for lawyers and banks alike. Instead of requiring the lawyer to secure the banker’s signature on
the trust account registration form, the Court has allowed banks to sign an agreement to report overdraft events occurring on a lawyer’s client
trust account. Banks who have signed that agreement are listed on a ‘participating’ or ‘approved’ list of banks. So long as the lawyer maintains a
trust account with a participating or approved bank, they are assured that they are in compliance with the Court’s rule and that any overdraft event
will be reported to the Office of Disciplinary Counsel in accordance with the rule.