Title Updates with New FINCIN Regulations - At the Association

Title Updates with New FINCIN Regulations

Monday, April 6^th

1:00 – 2:30pm

0CE

2950 Pineda Plaza Way, Palm Shores, FL 32940

Compliments of:  Alliance Title, Prestige Title and Supreme Title

Instructor: John H Gonzalez, CLC

Registration Link:  https://mdweb.mmsi2.com/spacecoastss/deeplinks.pl?type=EDU&id=26title04

Be in the KNOW

Starting March 1, 2026, FinCEN requires mandatory reporting for non-financed (all-cash) residential real estate transfers to entities or trusts nationwide, including Florida. This rule combats money laundering by identifying beneficial owners in transactions lacking traditional bank financing. Specific real estate professionals must file these reports. 

Key Aspects of the FinCEN Rule for Florida Real Estate

• Effective Date: March 1, 2026.
• Scope: Only applies to non-financed (all-cash) transfers of residential property (e.g., 1-4 family houses, condos) to a legal entity (LLC, corporation) or trust.
• Reporting Party: The rule uses a "reporting cascade" to determine which professional (e.g., closing agent, title company) is responsible for filing.
• Information Required: Report must identify the beneficial owner(s) of the purchasing entity/trust, including name, address, and date of birth.
• Purpose: To increase transparency in high-risk, all-cash, non-financed transactions often used to disguise ownership.