ALTA Commends FinCEN's Postponement of Residential Real Estate Transfer Rule

WASHINGTON, Sept. 30, 2025 /PRNewswire/ -- The American Land Title Association (ALTA) released the following statement in response to the Financial Crimes Enforcement Network's (FinCEN's) announcement that it was postponing the reporting requirements of the Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule:

"FinCEN's decision to postpone its reporting requirements shows recognition of the valid concerns raised by ALTA members and Congress about implementation," said ALTA CEO Chris Morton. "There are serious concerns about the immense financial and compliance burdens of this rule on the small businesses that comprise 90% of the title insurance industry. This delay gives ALTA more time to work with FinCEN to revise this costly rule that places significant burdens on title companies."

About ALTA
The American Land Title Association, founded in 1907, is a national trade association representing more than 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys.

Contact: Megan Hernandez                                                        
Office: 202-261-0315  
Email: mhernandez@alta.org

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SOURCE American Land Title Association