On Feb. 7, 2024, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking. The new rule would replace the temporary Geographic Targeting Orders (GTOs) that have for years required title insurance companies and their agents to report residential real estate purchases above a certain dollar amount in certain localities by business entities without institutional financing. FinCEN issued the proposed rule on Feb. 16, 2024. The proposed rule is currently subject to a 60-day comment period. Read the article
Also Included In This Month's Issue:
- Case Reviews
- Regulatory Compliance Corner
- Team Education
- Last Chance - Fund Assembly
- Solutions for a Successful Successor
- FinCEN GTO - Applies to 11 Counties
Written by attorneys for attorneys.
Stay current on the latest developments in real estate law and the title industry.
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