What To Know

Beginning March 1, 2026, federal law will mandate that settlement agents gather and report information regarding specific residential real estate transactions. This applies to purchases made with all cash or with out lender financing (provided the lender has an anti-money laundering program) when at least one buyer or transferee is a legal entity, such as a corporation, LLC, partnership, or trust.

For complying with FinCEN, the following charges will be assessed.

• If the entity or trust is only 1-3 layer deep (LLC, sole member or original settlor/trustees.) – $350.00 per transaction – split buyer / seller
• If the entity is 4 or more layers deep or the trust is owned by another trust or entity. – $500.00 per transaction – split buyer / seller
• Major Rush Files: starting $250, up to $1000.00