Bill in congress to stop HVCC gains momentum

By Dennis Norman, on July 17th, 2009

Dennis Norman

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.

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