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Rejection of Property Valuation Standards: No New Rules for Automated Models.

The U.S. Congress has rejected new rules for automated property valuation models that aimed to introduce quality control standards. This means that existing property valuation methods, often used for mortgages, remain unchanged, which may affect the process of buying and selling homes.
Key points
No new quality control standards for automated property valuations, meaning current practices remain in effect.
Congress's decision may impact the stability and predictability of property valuations, which is important for home buyers and sellers.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_47
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HJRES_47.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-12.

What are the main provisions?

Key points include:

  • No new quality control standards for automated property valuations, meaning current practices remain in effect.
  • Congress's decision may impact the stability and predictability of property valuations, which is important for home buyers and sellers.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Clyde, Andrew S. [R-GA-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-21.

CATEGORIES

Real Estate Economy