12 CFR § 1222.29

12 CFR · Banks and Banking

§ 1222.29 — Quality control standards.

12 CFR § 1222.29

TitleTitle 12: Banks and Banking PartPart 1222: Appraisals

SourceeCFR (current through Apr 10, 2026)

This text of 12 C.F.R. § 1222.29 (Quality control standards.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 C.F.R. § 1222.29 (2026).

Text

§ 1222.29 Quality control standards. Mortgage originators and secondary market issuers that engage in credit decisions or covered securitization determinations themselves, or through or in cooperation with a third-party or affiliate, must adopt and maintain policies, practices, procedures, and control systems to ensure that automated valuation models used in these transactions adhere to quality control standards designed to:

(a)Ensure a high level of confidence in the estimates produced;

(b)Protect against the manipulation of data;

(c)Seek to avoid conflicts of interest;

(d)Require random sample testing and reviews; and

(e)Comply with applicable nondiscrimination laws.

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§ 1222.29 Quality control standards.

Mortgage originators and secondary market issuers that engage in credit decisions or covered securitization determinations themselves, or through or in cooperation with a third-party or affiliate, must adopt and maintain policies, practices, procedures, and control systems to ensure that automated valuation models used in these transactions adhere to quality control standards designed to:

(a) Ensure a high level of confidence in the estimates produced;

(b) Protect against the manipulation of data;

(c) Seek to avoid conflicts of interest;

(d) Require random sample testing and reviews; and

(e) Comply with applicable nondiscrimination laws.