02/11/2026
Starting March 1, 2026, title agencies will be required to report residential real estate transaction information to the Financial Crimes Enforcement Network on transactions where the Buyer is an entity (corporation, LLC, etc.) or a trust and there is no lender with an anti-money laundering program involved. It will be imperative now that we know well in advance of closing whether the Buyer is a corporation, LLC, other legal entity, or trust.
To comply with the reporting requirements, we will be asking Sellers and Buyers for information concerning beyond what we typically gather including the following:
• Entity/Trust Information
• Person(s) associated with the transferee (authorized signers and beneficial owners)
• Transferor/Seller information
• If the Seller is Trust, provide the trustee's information
• Payment Information, including bank account details for sourcing funds
• Detailed payment information for payments made on behalf of the
Transferee/Buyer
This information is required by FinCEN, and we do not have a choice because
non-compliance can result in civil and criminal penalties, including
incarceration.
We wanted to share this information with you in advance to prepare you and your customers for the information we will be gathering in the future.
For additional resources please visit the following sites:
About FinCEN
www.fincen.gov/about-fincen
Frequently Asked Questions
www.fincen.gov/rre-faqs
Please contact us with any questions.
Sincerely,
Abstract Title of Tennessee, LLC