FinCEN Reporting for Residential Real Estate Transactions Begins March 1, 2026

As of March 1, 2026, the Financial Crimes Enforcement Network (FinCEN) is enforcing its new “Residential Real Estate Rule,” which requires certain professionals involved in real estate closings and settlements to submit reports to FinCEN regarding non-financed transfers of residential real estate to legal entities or trusts. While the Rule became effective December 1, 2025, reporting requirements were postponed to reduce business burden.... By: Winthrop & Weinstine, P.A.