Texas Court Kills Fincen Transfer Rule, Shock Move
What Did the Texas FinCEN Ruling Change? Most immediately, the March 19, 2026 ruling eliminated FinCEN's new real estate reporting obligations nationwide. It halted enforcement of disclosure requirements for non-financed transfers, including all-cash purchases and deals involving private lender financing. The order means covered transactions can proceed without FinCEN filings while it remains in force. Reporting persons currently face no liability for not filing. FinCEN said reporting persons are not required to file real estate reports during the order remains in force . Its reach is national, despite originating in Texas. It also displaced a contrary Florida decision. At the same time, Texas real estate participants were already navigating uncertainty from Senate Bill 17 , which imposed separate restrictions on certain foreign buyers. Legal Implications and Market Reactions The legal implications were substantial. The court held FinCEN exceeded its authority under the Bank Secrec...