Thomas Fileti

Mar 1, 2024 | jdsupra.com | Deborah Connor |Mark Edelstein |Thomas Fileti

On February 16, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking, which would require certain real estate professionals to report certain transaction information to FinCEN in connection with non-financed transfers of residential real estate to legal entities or trusts.

Feb 15, 2024 | jdsupra.com | Deborah Connor |Mark Edelstein |Thomas Fileti

February 15, 2024 Deborah Connor, Mark Edelstein, Thomas Fileti, Marc-Alain Galeazzi, Kaleb Keller, Malka Levitin, Jeremy Mandell Morrison & Foerster LLP + Follow x Following x Following - Unfollow Contact To embed, copy and paste the code into your website or blog: This client alert is an update to an earlier MoFo client alert issued on December 8, 2022.

Feb 8, 2024 | jdsupra.com | Deborah Connor |Thomas Fileti |Marc-Alain Galeazzi

This client alert is an update to an earlier alert issued on December 8, 2022. In a final rule implementing the Corporate Transparency Act (the “Final Rule”), the Financial Crimes Enforcement Network (“FinCEN”) requires entities that own and operate U.S. real estate to report their “Beneficial Owners”—the natural persons that ultimately own or control such entities—to FinCEN.

Jul 13, 2023 | mondaq.com | Thomas Fileti |Jeremy Mandell |Jason Shafer |Alexa Tirse

The Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, National Credit Union Administration, and Federal Deposit Insurance Corporation (collectively, the "Agencies") issued a joint Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts ("Statement"), which supersedes the 2009 Policy Statement on the same topic ("2009 Statement").

Jul 12, 2023 | jdsupra.com | Thomas Fileti |Jeremy Mandell |Jason Shafer

The Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, National Credit Union Administration, and Federal Deposit Insurance Corporation (collectively, the “Agencies”) issued a joint Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts (“Statement”), which supersedes the 2009 Policy Statement on the same topic (“2009 Statement”).