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Disapproves and nullifies a recent Bureau of Consumer Financial Protection rule setting quality-control standards for automated valuation models (AVMs). The rule cited in the text (published at 89 Fed. Reg. 64538, Aug. 7, 2024) is declared to have no force or effect upon enactment, removing that regulatory requirement from the books.
Referred to the House Committee on Financial Services.
Introduced February 12, 2025 by Andrew S. Clyde · Last progress February 12, 2025