R&R Realty - Jupiter Real Estate

Find Jupiter-Palm Beach Gardens-Juno Beach-Singer Island-Jupiter Island property.

You are here: Home / Blog / What is FinCEN Geographic Targeting Order in Florida

What is FinCEN Geographic Targeting Order in Florida

by

I saw this on the most recent Title Commitment and thought it was worthy of a Q&A…

“This transaction may be subject to the FinCEN Geographic Targeting Order affecting residential sale transactions. This issuing agent must be provided with information prior to closing sufficient to determine if IRS/FinCEN Form 8300 must be completed and filed and must be provided information sufficient to meet the records retention requirements of the FinCEN Geographic Targeting Order. This transaction will not be insured, and this issuing agent and/or its underwriter
will not be involved in a Covered Transaction (as defined by FinCEN Geographic Targeting Order) until this information is submitted and reviewed by the issuing agent.”

So, what is this?

This a note in the Title Commitment to ensure compliance with a new anti money laundering rule.

After Entry

For over twenty years now R& R Realty has been helping customers buy and sell Palm Beach homes. Northern Palm Beach County is a spectacular place to live and we know every inch of it. Generally considered the end of the sub tropical zone, the Gulf Steam waters temper our climate for warm winters making for an amazing life style filled with boats, beaches, shoping, golf & convenience just 15 minutes from the Palm Beach Airport. Feel free to browse our website for more information on Palm Beach homes for sale and real estate listings including great local neighborhood maps of Juno Beach, Jupiter, Palm Beach Gardens, Singer Island and Jupiter Island. You may choose to search for Palm Beach Homes for sale on your own at first or contact us and we will help tailor a search to your specific needs. We look forward to hearing from you! If you have any questions about property for sale in Palm Beach, please call me, Chris Ryder, the owner, directly on my cell phone at (561) 818-3858.

RSS Florida Association Realtors

  • Builder Confidence Moves Higher November 18, 2024
    The National Association of Home Builders said builders expect market conditions to improve even with labor shortages and higher building material prices.
  • Most Earning Under $50K Struggle With Housing November 18, 2024
    A new study found of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments while 15% have worked a side hustle.
  • Remodel or Move? How to Decide November 18, 2024
    When deciding between remodeling or moving, consider factors like costs, time, risk and return on investment. Emotional components also matter.

From Our Blog

What is the minimum elevation of a new house in Palm Beach Country Estates?

What is the minimum elevation of a new house in Palm Beach Country Estates?
What is the minimum elevation of a new house in Palm Beach Country Estates?

By

Since Palm Beach County complies with the National Flood Insurance Program they set the minimum elevation of all new, or substantially improved structures. MOST, but not all, of Palm Beach Country Estates is in FEMA Flood Zone X, so not in the flood zone. If you’re in the very north end of the community you may be in the flood zone. If one looks at […]

What is the minimum elevation of a new house in Jupiter Farms?

What is the minimum elevation of a new house in Jupiter Farms?
What is the minimum elevation of a new house in Jupiter Farms?

By

Since Palm Beach County complies with the National Flood Insurance Program they set the minimum elevation of all new, or substantially improved structures. Jupiter farms is in FEMA Flood Zone X, so not in the flood zone. If one looks at Article 18 Palm Beach County Amendments to the Unified Land Development code then we see that… 4. For New Construction and Substantial Improvements, including […]

More Posts from this Category

test