Summary

Disapproves a recently submitted National Credit Union Administration rule titled “Quality Control Standards for Automated Valuation Models” and declares that rule to have no force or effect. If enacted, the rule would be nullified immediately and may not be implemented or enforced.

• Directly nullifies the NCUA’s “Quality Control Standards for Automated Valuation Models” rule.
• Declares the named rule to have no force or effect, removing it from the regulatory landscape.
• Affects entities regulated by the NCUA and parties relying on automated valuation models (AVMs).
• Does not create replacement standards or new regulatory requirements.
• May produce short-term uncertainty for credit unions, AVM vendors, appraisers, and mortgage market participants.
• Is narrow in scope — applies only to the single named rule and does not change broader statutory authorities.