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HJRES 49 · in committee · significant

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation 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 valuation models used in mortgage lending.
  • The rule affected mortgage lenders, banks, and agencies that use automated systems to assess home values.
  • The resolution takes effect immediately upon passage and reverses standards that were published in August 2024.

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Community Threads

Started by Cosponsor

  1. 01

    How might removing quality control standards for automated home valuation models affect mortgage accuracy and borrower protections in lending decisions?

  2. 02

    Which stakeholders—lenders, banks, borrowers, or regulators—would benefit or face risks if these automated valuation safeguards are eliminated?

  3. 03

    What evidence exists that the August 2024 quality control standards created compliance burdens outweighing benefits to the mortgage lending process?

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

0

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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