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FinCEN's Real Estate Closing Rules Won't Go Away — Here's What SC Agents Need to Know Right Now
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FinCEN will simply not go away. We thought it was over last year when the government halted the requirement to file your business entity disclosures. But now the anti-money laundering portion of FinCEN requirements for cash transactions involving a corporate entity purchasing property must provide a 120 plus item disclosure which will cost your clients hundreds of dollars and hours of time.
Erice Lybrand joins us to discuss this never-ending nightmare statute.
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Gary
* Gary serves on the South Carolina Real Estate Commission as a…
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