FinCEN Reporting Requirements

Effective as of March 1, 2026, the Financial Crimes Enforcement Network (FinCEN) requires new reporting mandates involving certain non-financed residential real estate transfers to entities or trusts to prevent money laundering schemes through anonymous real estate purchases. Financial Crimes Enforcement Network (FinCEN) Residential Real Estate Reporting Rule codified at 31 C.F.R. §1031.320. 

 

As of March 19, 2026, this mandate has been vacated until further notice per a recent ruling by the United States District Court of Eastern Texas. Flowers Title Companies, LLC v. Bessent, et al., Case No. 6:25-cv-127-JDK (E.D. Tex. Mar. 19, 2026). 

Our duty at Mississippi Title Group, LLC is to ensure accurate and timely reporting in compliance with FinCEN's regulations. Reporting is necessary when the buyer is a limited liability company (LLC), corporation, partnership, trust or other legal entity purchasing a residential property without a traditional bank mortgage. Although FinCEN's regulations have been vacated for the time being, we will continue to gather necessary reporting information in order to comply with FinCEN should the mandate be reinstated.