RamQuest is closely monitoring the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN)'s new rule. FinCEN issued its final rule that requires certain people involved in real estate closings and settlements to report information to the agency about all-cash residential transactions nationwide involving legal entities and trusts. This ruling will go into effect starting December 1st, 2025.
For more information about FinCEN's ruling take a look at the following links:
"Since our implementation, we have seen a decrease in the number of update phone calls we receive, which tells us that our customers are getting the information that they need from these new tools. California has so much to gain from what RamQuest has to offer and we are excited to share that with our customers."
Brynne DesMarteau-Ray, General Manager