The United States District Court for the Eastern District of Texas has “vacated” the regulation requiring reports of non-financed residential real estate transactions as outside of the scope of the authority granted by Congress. Flowers Title Companies LLC v. Bessent, … Continue reading
Tag Archives: Trust administration
In 2024, the Financial Crimes Enforcement Network (“FinCEN”) published final regulations, to be effective December 1, 2025, requiring financial reporting for non-financed residential real estate transactions. “Anti-Money Laundering Regulations for Residential Real Estate Transfers,” 84 F.R. 70258 (9/29/2024), adopting 31...
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