Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Quality Control Standards for Automated Valuation Models".

House Votes

This measure would overturn a National Credit Union Administration rule about “Quality Control Standards for Automated Valuation Models” (computer tools used to estimate property values). In plain terms, Congress is moving to block these standards from taking effect. If this resolution becomes law, the NCUA’s rule would not be enforced .

• Automated valuation models are used in mortgage and home equity lending. By disapproving the rule, credit unions would not have to follow the new federal standards the rule set for using these tools .