New Fincen Requirements

Executive Summary – FinCEN Real Estate Reporting Requirement

Beginning March 1, 2026, a new federal rule issued by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requires a Real Estate Report for certain residential property purchases.

When Does This Apply?

A report is required when:

• Residential property is purchased without a bank loan (all-cash or non-financed), and
• The buyer is a legal entity (e.g., LLC, corporation) or trust.

What Buyers Need to Do

• Provide basic information about the purchasing entity or trust.
• Identify individuals who own 25% or more or who exercise control.
• Submit the information securely online (takes about 5 minutes).
• Certify that the information is accurate.

Your settlement or title provider will prepare and file the report on your behalf.

Important to Know

• This requirement cannot be waived.
• Closing cannot occur until the required information is collected.
• Submitting the form promptly will not delay your closing.
• The report is confidential and maintained by FinCEN (not public).

This is a standard compliance step for qualifying transactions, and the filing process is designed to be simple and secure.