U.S. Federal Reserve
Letters to Agencies

Advocacy Submits Comments on the Joint Agencies’ NPRM on Automated Valuation Models

By Office of Advocacy

On August 21, 2023, the Office of Advocacy submitted comments on the Office of the Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Consumer Financial Protection Bureau, and Federal Housing Finance Agency (collectively, the agencies) proposed rule to implement the quality control standards for automated valuation models (AVMs) by mortgage originators and secondary market issuers.

For more, read the public comment letter and fact sheet, which highlights Advocacy’s concerns and recommendations.

Documents

Comment Letter, Quality Control Standards for Automated Valuation Models (PDF, 193 KB)
Fact Sheet, Advocacy Submits Comments on the Joint Agencies’ NPRM on Automated Valuation Models (PDF, 93.7 KB)

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Created by Congress in 1976, the Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government.

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