LIEB BLOG

Legal Analysts

Showing posts with label fincen reporting. Show all posts
Showing posts with label fincen reporting. Show all posts

Thursday, August 29, 2024

29 Aug

FinCEN New Real Estate Reporting Final Rule Issues on Trusts

Effective December 1, 2025, certain individuals involved in real estate closings and settlements are going to be required to report and maintain records on non-financed transfers of residential real property to legal entities and trusts pursuant to this Final Rule, 31 CFR Chapter X, RIN 1506-AB54.Key Points:Reporting...