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After considering the public comments on the June 2023 proposed rule, the Office of the Comptroller of the Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, NCUA, Federal Housing Finance Agency, and the Consumer Finance Protection Board issued a final rule to implement quality control standards for the use of automated valuation models (AVMs) by mortgage originators and secondary market issuers as part of the process of determining the collateral worth of a mortgage secured by a consumer’s principal dwelling. The final rule implements the four quality control standards that were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Under the final rule, institutions are required to adopt policies, practices, and procedures designed to ensure that AVMs used in covered transactions ensure a high level of confidence in the estimates produced; protect against the manipulation of data; seek to avoid conflicts of interest; and require random sample testing and reviews. The final rule also includes a standard on compliance with nondiscrimination laws.