What Transactions Are Covered?

February 28, 2026
A

What Transactions Are Covered?

Based on current rule structure, reporting is required when:

  • The property is residential (1–4 units, condos, co-ops, certain land)
  • The buyer is a legal entity such as:
    • LLC
    • Corporation
    • Partnership
    • Trust
  • The transaction is:
    • All cash
    • No institutional lender involved
    • Owner financing

If there is a bank loan from a regulated financial institution, it typically does not trigger the reporting requirement because the bank already handles AML compliance.