New Reporting Requirements for Residential Property Transfers

Beginning on March 1, 2026, closing attorneys and other parties involved in the transfer of residential real estate will have new obligations to report critical information to the federal government. FinCEN Real Estate Report Rule 31 CFR 1031.320 establishes new reporting requirements that impact many non-financed transfers of residential real property to an entity transferee.... By: Poyner Spruill LLP