Dodd Frank did eliminate HVCC; however, both Fannie Mae and Freddie Mac adopted Appraiser Independence Requirements in 10/2010 which are similar in content to many provisions of HVCC. In section III of the AIR for both, is found the requirment to provide a copy of any appraisal report at least 3 days prior to closing. This section also provides that the Borrower may waive the requirement if it is done at least 3 days prior to closing.
Section 1474 of Dodd Frank contains an amendment to Equal Credit Opportunity Act that requires a creditor to furnish a copy of an appraisal or valuation for a loan secured by a first lien on a dwelling at least 3 days prior to loan closing (also applies if application is denied, incomplete, or withdrawn). This section also provides for the applicant to waive the 3 day requirement. This is not yet effective as rules have not been written.
So for now, the appraisal waiver is in the Fannie Mae/Freddie Mac Appraiser Independence Requirements but in the future will be part of ECOA.