Steven D Lear Kevin E Packman

Steven D Lear Kevin E Packman

March 19, 2024 | Daily Business Review

FinCEN's Proposed Oversight of 'All-Cash' Real Estate Deals Impacts Attorneys

The NPRM proposes a new nationwide requirement for real estate professionals to report the individual beneficial owners of specified entities and trusts acquiring residential real estate through "all cash purchases or gratuitous transfer to trusts, as well as other transactional information, within 30 days after closing.

By Steven D. Lear, Kevin E. Packman and Alan Winston Granwell

4 minute read