US Congress House Bill 3706 (Prior Session Legislation)

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October 1 2009 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

FHA Taxpayer Protection Act of 2009 - Amends the National Housing Act to increase the downpayment requirement for a Federal Housing Administration (FHA) mortgage loan from 3.5% to 5%. Repeals the current inclusion in the principal amount of an FHA mortgage loan of any initial service charges, appraisal, inspection, and other fees that the Secretary of Housing and Urban Development (HUD) approves. Prohibits the inclusion of such charges and fees in the principal amount of an FHA mortgage loan. Directs the Comptroller General to study and report to Congress on the Mutual Mortgage Insurance Fund and the mortgage insurance programs under which the insurance obligations are obligations of such Fund.

FHA Taxpayer Protection Act of 2009

Rep Blackburn, Marsha	Rep Hoekstra, Peter	Rep King, Steve	Rep Kline, John
Rep Myrick, Sue Wilkins	Rep Roe, David P.	Rep Souder, Mark E.	Rep Gohmert, Louie
Rep Akin, W. Todd	Rep Broun, Paul C.	Rep Campbell, John	Rep Fallin, Mary
Rep Franks, Trent	Rep Lamborn, Doug	Rep Garrett, Scott	Rep Foxx, Virginia
Rep Carter, John R.	Rep Conaway, K. Michael	Rep Culberson, John Abney	Rep Granger, Kay
Rep Hall, Ralph M.	Rep Hensarling, Jeb	Rep Johnson, Sam	Rep Marchant, Kenny
Rep Bartlett, Roscoe G.	Rep Bachmann, Michele	Rep Cole, Tom	Rep Shadegg, John B.
Rep Bishop, Rob	Rep Bonner, Jo	Rep Pitts, Joseph R.

Date	Chamber	Action
2009-10-01		Referred to the House Committee on Financial Services.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HN03706:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-111hr3706ih/pdf/BILLS-111hr3706ih.pdf