The California Department of Financial Protection and Innovation’s (DFPI) Business and Professions Code section 6091.3 requires California attorneys that have client trust accounts provide their State Bar license number to the financial institution that holds the account on or before July 1, 2026, using a standard form created by the State Bar and submitting the form pursuant to Code of Civil Procedure section 684.115.
It further provides that the financial institution incorporate the attorney’s State Bar license number into its books and records for known client trust accounts.
The State Bar reports that some financial institutions have turned away attorneys trying to submit this form. DFPI encourages banks and credit unions to update procedures, accept the form, and incorporate into their books and records attorney names and State Bar license numbers for each client trust account in accordance with Business and Professions Code section 6091.3.
See The State Bar of California’s Financial Institutions Banking Compliance page for more information.
For more information, email Lisa Quaranta.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
Powered by ViClarity, a California’s Credit Unions and Nevada’s Credit Unions company.
