A new Geographic Targeting Order (GTO) has been issued effective beginning October 22, 2023, and ending April 18, 2024 for Miami-Dade, Broward and Palm Beach counties, and for the newly added counties of Hillsborough, Pasco, Pinellas, Manatee, Sarasota, Charlotte, Lee and Collier, for which the effective date is November 21, 2023, ending April 18, 2024.
View the New Geographic Targeting Order (GTO)
Criteria for reporting under the new GTO:
- The transaction involves a purchase of one or more residential real properties (not vacant land) in Miami-Dade, Broward or Palm Beach effective October 22, 2023 ending April 18, 2024 AND Hillsborough, Pasco, Pinellas, Manatee, Sarasota, Charlotte, Lee and Collier effective November 21, 2023 ending April 18, 2024; and
- The total purchase price is $300,000.00 or more; and
- The purchaser is a corporation, limited liability company (LLC), partnership, or other similar legal entity. (The definition does not include trusts or natural persons nor U.S. publicly-traded companies); and
- The purchaser purchases the residential real property without a bank loan or other similar form of institutional financing; and
- The purchaser pays any part of the purchase price using currency, cashier’s checks, certified checks, traveler’s checks, money orders, business or personal checks or wire fund transfers or payments (no requirement to report check numbers or wire routing numbers).
- The reference term to be included in Part IV of the Currency Transaction Report has been changed to ‘REGTO1023’.