Dennis Norman
By: Dennis Norman
Since going into effect May1st the new Home Valuation Code of Conduct (HVCC) has caused controversy, been blamed for killing sales and seems it has everyone up in arms.
In late June I did a post on another blog about a bill, H.R. 3044, that was introduced in the U.S. House of Representatives that, if passed, would put an 18 month moratorium on HVCC.
The bill was introduced by Representatives Travis Childers and Gary Miller. Since being introduced the bill is gaining some support and momentum. As of today there are 22 cosponsors that have signed on to the bill. So far none of the representatives from St. Louis (or Missouri for that matter) have signed on yet but hopefully their support is forthcoming.
To see the representatives that have signed on as co-sponsors please click here.
Related posts:
- Financial Reform Bill Kills HVCC; Helps Appraisers
- FHA Reform Bill Passed by House; Good News for Homebuyers
- House Passes Bill To Extend Closing Deadline For Home-Buyer Tax Credits
- Home buyer tax credit extension update; House Passes Bill…On to President for approval
- St. Louis Association of REALTORS(R) Presidents’ view of the market – Final Post of the series
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