24 Hour Closing Anti-Money Laundering Information Collection & Certification

24 Hour Closing Anti-Money Laundering Information Collection & Certification – Buyers

Required information for real estate transactions involving entities or trusts, pursuant to FinCEN Real Estate Report Rule 31 CFR 1031.320.
BACKGROUND:

This is a new, federal law effective March 1, 2026. We admit it's crazy and hate it as much as you do. But it's up to a $250,000 fine if closing attorneys do not demand that you fill this form out. It is not optional.

If the Buyer is an LLC or entity that is 'cash' or using a lender that doesn't have anti-money laundering protocol (hard money lender, credit unions, parents/family), this form becomes mandatory and cannot be avoided unless you change the purchase to purchase in your personal name. You could later quitclaim to a trust as part of 'estate planning' which is an exemption from this form but transferring to an LLC would again trigger this form.

Your closing has been determined to be a type of closing where this information is required by the federal government prior to closing. Up to a $250,000 fine may be levied against the lawyer doing the closing if this information is not collected in advance of closing. The government says that this law was created to stop money laundering from criminals and child trafficking, but appears that this law was
actually created to help the IRS track you and your bank accounts and income/assets.

This form requests information necessary to meet the reporting requirements. For more information about FinCEN's Real Estate Report and what transactions are covered go to alta.org/fincen. The only way to avoid this is to buy the property in your personal name or use a lender that has money laundering protocols in place (big banks like Wells Fargo)
TRANSFEREE ENTITIES AND TRUSTS
The regulation applies to purchases by:
Any entity - the only exemptions are transfers to an entity pursuant to divorce, court order or will/death of person

Property & Transaction Details

Please provide details about the property and transaction.
Address of property being acquired by the Transferee Entity or Transferee Trust*

Street Address

Street Address Line 2
CityState / ProvincePostal / Zip Code
Anticipated settlement date for the property acquisition

MonthDayYear
Date
Hour MinutesAM/PM Option
Sale price (USD)
Settlement Agent/Reporting Person:

Pinyan Law Office PLLC dba 24 Hour Closing

Part 1: Information About the Person Completing This Form

Provide your information as the person completing this form.
Full Legal Name (First, Middle Initial, Last)*

First NameMiddle NameLast Name
Physical Mailing Address (Street Address, City, State, ZIP)*

Street Address

Street Address Line 2
CityState / ProvincePostal / Zip Code
Phone Number*
Please enter a valid phone number.
Email Address*
example@example.com

Transferee is an*

Entity (LLC, Corporation, Partnership)Trust

Part 3(a): Transferee Entity Information

Provide information about the entity acquiring the property.
TRANSFEREE ENTITY INFORMATION REQUIRED
The Following pages of information about the transferee (Buyer) entity and associated persons is required by the Federal Government.
The Feds require reporting of EACH beneficial owner of the transferee entity. A beneficial owner is someone who

(i) exercises substantial control over the transferee entity, or
(ii) owns or controls at least 25% of the transferee entity's ownership interests.

This includes: full legal name, date of birth, complete current residential street address, citizenship and IRS taxpayer identification number if available (if not available other identifying information is required). "substantial control" means any corporate officer (CEO, FCO, COO) or person who has authority to make important decisions
Relationship to the Transferee Entity (select all that apply)*

OfficerDirectorManagerTrusteeAttorney-in-factOther
Full Legal Name of Entity
Trade Name or "Doing Business As" Name (if applicable)
Principal Place of Business Address

Street Address

Street Address Line 2
CityState / ProvincePostal / Zip Code
Unique ID (Taxpayer ID Number or Foreign ID) – Entity
Tax EIN
Transferee Entity – Beneficial Owner Information

Part 3(b): Transferee Trust Information

Provide information about the trust acquiring the property.
TRANSFEREE TRUST INFORMATION REQUIRED
Trust info including its legal name, date trust instrument executed, IRS taxpayer identification number if available (if not available other identifying information is required) and whether trust is revocable.

It also requires reporting of EACH beneficial owner of a transferee trust which includes (i) the trustee, (ii) a beneficiary of the trust who has the right to demand a distribution of, or withdraw, substantially all of the assets of the transferee trust, and (iii) a grantor or settlor who has the right to revoke the transferee trust. See Part 3(b) of this collection form for a complete list of who are beneficial owners of a transferee trust.
Relationship to the Transferee Trust (select all that apply)

TrusteeGrantor/SettlorBeneficiaryAttorney-in-factOther
Full Legal Name of Trust
Date Trust Instrument Was Executed

MonthDayYear
Date
Unique ID (IRS TIN or Foreign Tax ID) – Trust
Is the Trust revocable?

YesNo
Transferee Trust – Beneficial Owner Information

Part 4: Funds Used for Acquisition of the Property

List all accounts and funds used for the property acquisition.
Accounts and Funds Used for Acquisition

Part 5: Certification

Please review, certify, and sign below.
I certify that no funds were transferred or paid outside the control of the Settlement Agent.

I agree
I certify that any outside funds are reported in Part 4.

I agree
Signature of person completing this form*

Powered by Jotform SignClear
Type Name*
Date Signed*

MonthDayYear
Date
Legal Entity Identifier (Optional)

Should be Empty:

24 Hour Closing Anti-Money Laundering Information Collection & Certification – Buyers

TRANSFEREE ENTITIES AND TRUSTS

Property & Transaction Details

Part 1: Information About the Person Completing This Form

Part 2: Reporting Exemptions for LLCs, Corporations, and Trusts

Part 3(a): Transferee Entity Information

TRANSFEREE ENTITY INFORMATION REQUIRED

Part 3(b): Transferee Trust Information

TRANSFEREE TRUST INFORMATION REQUIRED

Part 4: Funds Used for Acquisition of the Property

Part 5: Certification