12 U.S.C. § 3354 — Automated valuation models used to estimate collateral value for mortgage lending purposes

ensure a high level of confidence in the estimates produced by automated valuation models;

protect against the manipulation of data;

seek to avoid conflicts of interest;

require random sample testing and reviews; and

account for any other such factor that the agencies listed in subsection (b) determine to be appropriate.

with respect to a financial institution^*, or subsidiary owned and controlled by a financial institution and regulated by a Federal financial institution regulatory agency, the Federal financial institution regulatory agency that acts as the primary Federal supervisor of such financial institution or subsidiary; and

with respect to other participants in the market for appraisals of 1-to-4 unit single family residential real estate, the Federal Trade Commission, the Bureau of Consumer Financial Protection, and a State^* attorney general.