A federal judge in Texas has vacated a rule imposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) that would have required extensive reporting on most cash residential real estate transactions, after a Texas family-owned title company filed suit.
Approved under President Joe Biden’s administration in 2024, the rule went into effect in December 2025 under President Donald Trump. It mandated that title companies provide reports after completion of a non-financed residential real estate sale to include the names, addresses, dates of birth, citizenship status, and ID numbers of all people involved, including minors if beneficiaries of a trust; payment details; and information about trusts and entities that purchased the property.
