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HJRES 51 · in committee · significant

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

What this bill does

  • This resolution blocks a federal rule requiring quality control standards for automated valuation models used in mortgage lending.
  • The rule affects mortgage lenders, banks, and agencies that issue mortgages or buy mortgage-backed securities.
  • The resolution uses congressional disapproval authority to nullify the rule that was issued in August 2024.

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Community Threads

Started by Cosponsor

  1. 01

    How might removing quality control standards for automated valuation models affect mortgage accuracy and the ability of borrowers to dispute appraisals?

  2. 02

    Which groups—lenders, banks, borrowers, or investors in mortgage-backed securities—would benefit or face increased risk if this rule is blocked?

  3. 03

    What evidence exists that the quality control standards create compliance costs that outweigh potential benefits to mortgage market stability?

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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