Article
FinCEN Residential Real Estate Reporting Rule Struck Down
On March 19, 2026, the US District Court for the Eastern District of Texas in Flowers Title Companies LLC v. Bessent ruled that the U.S. Financial Crimes Enforcement Network (“FinCEN”) exceeded its statutory authority under the Bank Secrecy Act by adopting the “Anti-Money Laundering Regulations for Residential Real Estate Transfers” (the “Rule”), and vacated the Rule effective immediately.
Davis Graham
