Understanding FinCEN: What it means for our industry.
Starting March 2026, new federal reporting requirements will apply to certain real estate transactions. As FinCEN regulations evolve, Foundation Title stays one step ahead. We’ve put the systems, communication, and expertise in place to guide you through the changes smoothly—so your closings stay on track and stress-free.
What does the new FinCEN federal rule mean for real estate transactions?
In easy terms:
It applies to non-financed transactions where the buyer is an entity or trust (with the exception of some HML & private mortgages- see flow chart below).
It covers residential properties (1-4 units) and vacant land where there is intent to build 1-4 unit residential property.
This is designed to prevent money laundering.
It requires settlement agents to report details of the entity, trust, and individuals behind the purchase.
FAQ’S
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The rule is scheduled to take effect March 1, 2026.
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We have partnered with a third party company to do the reporting for us to make the process as simple as possible. Your clients will be hearing from FINCEN Real Estate Report.
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No, only certain non-financed deals purchased by trusts or entities.
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Closings could potentially be delayed until required information is submitted.
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Visit FinCEN.gov/rre
Quick Reference Guides
FinCEN Checklist
This gives you a bullet point description of the information that will need to be provided.Flow Chart
To help you understand if a transaction qualifies or not. ALTA-Buyer
This is just for reference so you can see what data is being collected. ALTA-Seller
This is just for reference so you can see what data is being collected.