Photo: hfng/Shutterstock The 'New' Dishonored Check/Overdraft Notice Reporting Rule
The amended Dishonored Check/Overdraft Notice Reporting Rules provide even greater protection for the public and strengthen ongoing efforts by the judicial system to help lawyers observe their vital banking and recordkeeping obligations.
May 06, 2021 at 11:00 AM
6 minute read
In its 39 years of existence, the New York Lawyers' Fund for Client Protection has reimbursed over $233 million to over 9,000 eligible law clients for losses caused by the dishonest conduct of 1,316 former lawyers, out of a cumulative population of registered attorneys in that time span of well over 700,000. New York's legal profession makes this reimbursement possible with what amounts to an annual $30 allocation from the biennial registration fee.
The Lawyers' Fund is administered by a seven-member Board of Trustees appointed by the Court of Appeals. While the Fund's primary focus is reimbursement of client losses, prevention of thefts has always been a vital aspect of New York's client protection program.
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