03/24/2026
Hold onto your coffee, the regulatory rollercoaster just did a 180. 🎢☕️
If you feel like you just got off a tilt-a-whirl, you’re not alone. We spent months prepping for the March 1st rollout of the FinCEN. We built the workflows, we braced for the paperwork, and we started tracking those all cash entity deals.
And then, on March 19th, a federal court in Texas pulled the emergency brake.
The court ruled that FinCEN went beyond it's authority and they vacated the reporting rule, making it as if it does not exist for the time being.
As per FinCEN's own statement, reporting obligations are suspended.
Don't throw it all out yet, we will be watching to see if the DOJ or FinCEN appeals the decision. If they do, the reporting will be put back in place during the appeal process.
Hold tight, we will keep you posted as we know more!
Click Here for the NAR Article
Texas court vacates the Financial Crimes Enforcement Network's (FinCEN) Residential Real Estate Rule, affecting compliance. Stay informed on the latest legal updates regarding real estate.