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fromwww.housingwire.com
4 weeks ago

FinCEN defends anti-money laundering rule ahead of Dec. 1 deadline

The suit challenges FinCEN's anti-money laundering rule, which requires title firms to report specific details on all-cash home purchase transactions. These include the names, addresses, dates of birth, citizenship status and ID numbers of all people involved including minors plus payment details and information about trusts and entities that are purchasing the property. The rule was promulgated under the Biden administration and is set to go into effect in December 2025.
Law
Law
fromwww.housingwire.com
1 month ago

ALTA throws support behind Fidelity in FinCEN lawsuit

ALTA is suing FinCEN over a rule requiring extensive beneficial ownership reporting for all-cash property purchases, citing excessive costs and training burdens.
Business
fromwww.housingwire.com
2 months ago

Michigan title agents suspended over escrow allegations

Sre and Jablonski are facing disciplinary action due to mismanagement of funds and untrustworthiness in their fiduciary capacities.
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