{"data":{"id":"us/12-cfr-722.203","jurisdiction":"us","citation":"12 CFR 722.203","heading":"Quality control standards.","body":"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:\n(a) Ensure a high level of confidence in the estimates produced;\n(b) Protect against the manipulation of data;\n(c) Seek to avoid conflicts of interest;\n(d) Require random sample testing and reviews; and\n(e) Comply with applicable nondiscrimination laws.","path":["Title 12—Banks and Banking","CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION","SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS","PART 722—APPRAISALS","Subpart B—Quality Control Standards for Automated Valuation Models Used for Mortgage Lending Purposes"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"3a56156a4f54da254b46192d42598e5e4d3a0cb789416f13a001b62726a747b4","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-722.202","next":"us/12-cfr-723.1"},"notice":"GroundRules: Original legal text. Not legal advice."}