On February 23, 2022, the Consumer Financial Protection Bureau outlined the options it is considering in connection with the future rulemaking on quality control standards for automated valuation models (“AVMs”) required under section 1473(q) of the Dodd Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). AVMs are algorithmic computer models that apply complex mathematical formulas to property data—such as property characteristics, local market information, and price trends—drawn from various sources to estimate a home’s value. In this memorandum, we focus on the CFPB’s possible inclusion of nondiscrimination quality control criteria in a future AVM rule and its related discussion of bias in algorithmic systems. The inclusion of nondiscrimination criteria in a future AVM rule would be consistent with the federal government’s recent increased focus on discriminatory appraisal and valuation activities, including establishment of the Interagency Task Force on Property Appraisal and Valuation Equity (“PAVE”).