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HJRES 47 · in committee · significant

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Quality Control Standards for Automated Valuation Models".

What this bill does

  • This resolution cancels a federal rule requiring quality control standards for automated systems that value homes for mortgages.
  • The rule affects mortgage lenders, banks, and companies that buy mortgages in the secondary market.
  • The cancellation takes effect immediately under congressional disapproval procedures.

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Community Threads

Started by Cosponsor

  1. 01

    How might removing automated home valuation quality control standards affect mortgage accuracy and the risk of lending decisions based on flawed property assessments?

  2. 02

    Which stakeholders—lenders, borrowers, appraisers, or secondary market investors—would experience the greatest consequences if this rule is repealed?

  3. 03

    What evidence supports or challenges the necessity of federal quality control standards for the automated valuation systems that determine mortgage loan amounts?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-GA-9

Andrew S. Clyde

Citizen cosponsors

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In Congress

0/ 435

House Reps cosponsoring

Introduced 2025-02-12

Legislative timeline

  1. 2025-02-12 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  2. 2025-02-12 · IntroReferral

    Introduced in House

  3. 2025-02-12 · IntroReferral

    Introduced in House

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