The Beneficial Ownership Rule: How it Changes Real Estate Loans

The Beneficial Ownership Rule: How it Changes Real Estate Loans

Posted Leave a commentPosted in FinCEN, Lender Rules

In May 2018, the Financial Crimes Enforcement Network (FinCEN) issued a new rule called the Beneficial Ownership Rule. In a nutshell, this rule helps to prevent money laundering, the handling of terrorist property, and similar illegal activities. However, if you own real estate as part of a company, this new rule could impact you too. […]