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Disapproval of Automated Valuation Model Quality Standards.

The U.S. Congress intends to disapprove rules concerning quality standards for automated valuation models (AVMs) used in real estate. This means that regulations designed to ensure accuracy and reliability in property valuations will not take effect. This could impact real estate transactions, as automated valuations might lack consistent oversight.
Key points
Congress aims to block new quality standards for automated property valuations.
Without these standards, there may be less oversight on the quality of home and property valuations.
This decision could affect the real estate market and lending processes.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_51
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12
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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 Bureau of Consumer Financial Protection 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_51.

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:

  • Congress aims to block new quality standards for automated property valuations.
  • Without these standards, there may be less oversight on the quality of home and property valuations.
  • This decision could affect the real estate market and lending processes.
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