The predatory lending legislation currently being debated on Capitol Hill would require lenders to obtain a physical inspection, rather than a computer-generated appraisal from an automated valuation model, for any property on which a “higher-cost” loan is made. The bill, dubbed the “Responsible Lending Act of 2005,” would also give the Department of Housing and Urban Development the authority to license software used by consumers to evaluate different residential loan offers. Introduced by Reps.…