Bill Introduced for 18-month HVCC Moratorium
July 3rd, 2009
Categories:Real Estate News
The H.R. 3044 bill was introduced this week to put an 18-month moratorium on the Home Valuation Code of Conduct!
This is very exciting news as the HVCC has been viewed by many as a poorly thought out program to a problem that needs a quality solution.
Since the HVCC took place, it has increased the costs to consumers and decreased the quality of appraisals. Neither of which are helping today’s housing market get back on its feet.
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