Credit union organizations and individuals are weighing in on a controversial new agreement that will have a major impact on the way financial institutions obtain appraisals. The New Home Valuation Protection Code sets forth various requirements governing appraisal selection, solicitation, compensation, conflicts of interest and corporate independence. Under this part of the agreement, credit unions will not be able to use appraisal services offered by their own CUSOs. Carl Pry, a banking attorney based in Cleveland, reports that there is some confusion about this agreement because of the New York Attorney General Office's involvement. He stresses the fact that although it was signed in New York, the agreement will apply to mortgage lending practices in all 50 states. Pry similarly observes that standards meant to ensure the quality of appraisals are already in place. It is true that some fraudulent appraisals have come to light during the current mortgage crisis. However, Pry contends, no set of standards can assure 100% adherence.