New FinCEN Reporting Rule for Real Estate (March 2026) скачать в хорошем качестве

New FinCEN Reporting Rule for Real Estate (March 2026)

A massive change is coming to real estate reporting this March, and the penalties for non-compliance are steep! In this video, Caitlin and Briana from Legacy Title Agency discuss the new FinCEN Anti-Money Laundering (AML) rule effective March 1, 2026. Originally slated for December 2025, this federal requirement is designed to prevent money laundering by requiring detailed reporting on specific types of transactions. In this video: Who is affected? Any cash transaction, hard money, or private loan where the buyer is an entity (LLC, Corporation, or Trust) (subject to some exceptions). The $250,000 Risk: Why proper reporting is essential to avoid massive federal fines. Sensitive Data: What information buyers and sellers will now be required to provide to the federal government. New Closing Costs: Why buyers should expect an additional $500–$800 reporting fee on their statements. Advice for Agents: Why you need to start educating your "cash-entity" buyers right now if they are closing on or after March 1st. Don't let your clients be caught off guard by these new federal requirements. Partner with a title company that is educated and prepared to handle this sensitive data securely. Have questions about the new FinCEN rules? Please contact us at info@legacyclosings.com or call our mainline at (248) 913-2266. #FinCEN #RealEstateNews #LegacyTitle #AMLRules #RealEstateAgentTips #MichiganReal Estate #Closing2026 #MoneyLaunderingPrevention