Preparing for FinCEN Reporting (RRE)
Introduction Content
This is a placeholder for introductory content letting people know what this page is about
FinCEN Information Notice
Read the latest update on the required FinCEN Real Estate Report Requirements
FinCEN Buyer Checklist
View the buyer requirement checklist for the upcoming FinCEN requirements
FinCEN Seller Checklist
View the seller requirement checklist for the upcoming FinCEN requirements
FinCEN Agent Training
View the FInCEN Agent Training PDF
Recorded FinCEN Training Webinar
Learn everything you need in 45 minutes about FinCEN’s new real estate reports with a free pre-recorded webinar.
Recorded FinCEN Training Webinar
Learn everything you need in 45 minutes about FinCEN’s new real estate reports with a free pre-recorded webinar.
Recorded FinCEN Training Webinar
Learn everything you need in 45 minutes about FinCEN’s new real estate reports with a free pre-recorded webinar.
FinCEN FAQs
YES- the data collected is connected to the address of the property, each transfer is required to have its own separate report.
ASK and have the FinCEN Vacant Lot Hold Harmless signed if they say NO
NO – We cannot do so for two reasons: First, this may be viewed as the authorized practice of law. Second, the online forms being completed by the parties contain reasonable reliance clauses. The parties are required to complete the information themselves and certify
Yes- $200 to the buyer- depending on state regulations this will be included in your filed rates or an individual line item on the settlement statement.
Intentional failure to report can result in fines up to $250,000 and five years in prison. Unintentional failure to timely report can result in fines up to $1,400 per violation.
