Lunch and Learn: FINCEN and The New Real Estate Reporting Rule
Lunch and Learn: FINCEN and The New Real Estate Reporting Rule
Please join us at the Southern Maryland Association of Realtors’ office in Hughesville, MD, for this informative class.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a nationwide Anti Money Laundering (AML) rule taking effect on March 1, 2026, that requires certain professionals involved in real estate closings and settlements to submit reports to FinCEN regarding certain non-financed transfers of residential real estate to legal entities or trusts. Lakeside Title Company is committed to keeping you informed about the new rule and its effect on your real estate transactions. The new rule applies to many potential transaction,s as the definition of residential property is broad and includes some vacant land and even commercial properties.
Please note that the definition of non-financial includes a lot more than just cash transactions.
To reserve tickets, please click here!