[Reported today by ALTA]

On Oct. 29, the Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.

The purchase amount threshold remains $300,000 for each covered metropolitan area, including certain counties within Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle.

The GTO is effective through April 29, 2022.