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News & Press: Industry News

FinCEN Reissues Real Estate Geographic Targeting Orders

Tuesday, May 19, 2020  
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The Financial Crimes Enforcement Network (FinCEN) announced earlier this month the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate. These renewed GTOs are identical to the November 2019 GTOs. The purchase amount threshold remains $300,000 for each covered metropolitan area. The terms of this Order are effective May 10, 2020 and ending on November 5, 2020.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
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