FinCEN Beneficial Ownership Information Update

Louisiana REALTORS® • December 11, 2024

Last Friday, NAR engaged the Financial Crimes Enforcement Network (FinCEN), a Bureau within the Treasury Department, to request clarity from FinCEN regarding reporting requirements for reporting companies and beneficial owners under the Beneficial Ownership Information Reporting (BOIR) Rule given the recent nationwide preliminary injunction issued by a Texas federal court last week. Over the weekend, FinCEN issued the following impact statement: 


"In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports...While this litigation is ongoing, FinCEN will comply with the order issued by the U.S. District Court for the Eastern District of Texas for as long as it remains in effect. Therefore, reporting companies are not currently required to file their beneficial ownership information with FinCEN and will not be subject to liability if they fail to do so while the preliminary injunction remains in effect. Nevertheless, reporting companies may continue to voluntarily submit beneficial ownership information reports." 


NAR will continue to keep you updated on any changes.


You can complete your BOI report here.


By Louisiana REALTORS® • October 23, 2026
Association emphasizes lower monthly expenses, more housing options and practical relief for Louisiana families.
By Louisiana REALTORS® • October 9, 2026
Want Your Teen to Own a Home Someday? Start Talking Money Now Teens may not be thinking about mortgage rates or down payments just yet, but the money habits they’re building now can follow them for years. And 88% of teens surveyed by Fannie Mae and Junior Achievement said they want to own a home someday. This week’s Consumer Guide: Talk to Your Teens About Money and Homeownership makes those conversations a little easier, covering everything from credit scores and budgeting to debt, renting versus owning and saving for that eventual down payment. So yes, you may have to interrupt the doomscrolling. But helping teens get smarter about money today could put them in a much better position to get the keys to a home of their own down the road. Download all of NAR’s Consumer Guides in English or Spanish at facts.realtor. For ease of reference, below is a list of the most recent guides: NEW: Teen Financial Literacy Fraud Red Flags Helping Family Members Become Homeowners Prepare Your Home for Hurricane Season Condominium Insurance Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. The next Consumer Guide, scheduled for publication on Oct. 21, will cover winter cold and storm preparedness.
By Louisiana REALTORS® • October 9, 2026
Homeownership Is on Louisiana's November Ballot
Show More