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New Reporting Requirements Impacting Certain Real Estate Transactions

October 15, 2024 (2 min read)

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recently issued a nationwide reporting rule effective December 1, 2025. This new rule mandates certain reporting requirements on title insurance companies, real estate agents, and real estate closing attorneys handling non-financed residential real estate transactions involving beneficial ownership of nonindividual transferees. Check out this article for more information.

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