Amendment to Eliminate HVCC Still Alive in Financial Reform Bill

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Amendment to Eliminate HVCC Still Alive in Financial Reform Bill [HousingWire] An amendment to the Dodd-Frank Wall Street Reform Bill that would eliminate the Home Valuation Code of Conduct (HVCC) survived congressional debates last week, according to one representative’s office.

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The Home Valuation Code of Conduct. The bill will fortunately "sunset," or put an end to, the Home Valuation Code of Conduct, an ill-advised attempt to revamp the residential real estate appraisal system back on May 1, 2009. The HVCC impacted all Freddie Mac and Fannie Mae loans and has stirred up quite a bit of controversy within the real estate industry.

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‘Financial CHOICE Act 2.0’ Rolling Back Consumer Protections Moves Forward. debate and markups of the bill, which included several amendments that would have. Financial Reform, and.