A U.S. Treasury Department program that spotlights anonymous real estate purchases in a number of gateway cities could become a nationwide law if a Russian sanctions bill is passed. The little-known provision in the Defending American Security from Kremlin Aggression Act of 2018, a bipartisan bill introduced to the Senate last month, would force title insurance companies to report the identities of people using limited liability companies behind high-priced real estate transactions across the country. […]
source https://therealdeal.com/2018/09/19/why-title-insurance-firms-are-paying-close-attention-to-the-latest-russian-sanctions-bill/
No comments:
Post a Comment