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H.J.Res. 51In committee
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".
Introduced: Feb 12, 2025
Latest action date: Feb 12, 2025
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In committee
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Introduced
Feb 12, 2025
Latest action
Feb 12, 2025
Recorded roll calls
0
Civixly topics
What this legislation is about
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Official CRS policy area
Finance and Financial Sector
Bill Summary
This joint resolution nullifies the final rule issued by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency titled Quality Control Standards for Automated Valuation Models and published on August 7, 2024. The rule requires the implementation of quality control standards for automated valuation models used by mortgage originators and secondary market issuers when determining the value of real estate securing a mortgage.
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Official committee record ↗
Amendments
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Checked against Congress.gov Sep 14, 2026.
Action timeline
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View full action timeline3 actions
Referred to the House Committee on Financial Services.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of Congress
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