Banking Agencies Issue Notice of Proposed Rulemaking: QC Standards for Automated Valuation Models

June 22, 2023

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB), and the Federal Housing Finance Agency (FHFA) have issued a proposed rule that will implement quality control standards for automated valuation models (AVM) used to value real estate in the mortgage market.

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