Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models

News Financial services English Law & Policy Updates

Date: 17th Jul, 2024 Source: Consumer Financial Protection Bureau Country: USA Original Source

Brief

WASHINGTON, D.C. – Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling. In particular, the rule will implement quality control standards for

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Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models

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Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models

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Consumer Financial Protection Bureau

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