The new FinCEN Real Estate Reporting Rule goes into effect on March 1, 2026, and it directly impacts how certain real estate transactions are handled.
FinCEN (the Financial Crimes Enforcement Network) is a federal agency within the U.S. Department of the Treasury that focuses on preventing money laundering and illicit financial activity. Under this new rule, specific real estate transactions, particularly those involving trusts and entities, will require additional reporting.
Join Independence Title attorney Roland Love as he covers the following FinCEN related topics:
- Who is responsible for reporting under the new rule?
- What information will be required?
- How proposed changes may affect TREC contracts?
- How and when to discuss FinCEN reporting with buyers and sellers during contract negotiations.
Understanding these changes in advance will help you set expectations with clients and navigate transactions with confidence once the rule takes effect.