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HR 1116 111th Congress House

Honest FHA Originator Act of 2009

Official title: To improve the process through which loan originators participate in FHA mortgage programs,and for other purposes.

Introduced: February 23, 2009 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Housing and Community Development Administrative law and regulatory proceduresBanking and financial institutions regulationCivil actions and liabilityDepartment of Housing and Urban Development
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Government information and archivesGovernment lending and loan guaranteesHousing finance and home ownership
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 23, 2009
Referred to the House Committee on Financial Services.
Feb 23, 2009
Introduced in House
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 Latest action February 23, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Honest FHA Originator Act of 2009 - Amends the National Housing Act to remove the Director of the Enforcement Center from the Mortgagee Review Board of the Federal Housing Administration (FHA) of the Department of Housing and Urban Development (HUD).

Declares that any person or entity that is not approved by the HUD Secretary is prohibited from serving as a mortgagee and from participating in the origination of an FHA-insured loan.

Sets forth mortgagee eligibility criteria.

Directs the Secretary to require each mortgagee approved for participation in the FHA mortgage insurance programs to: (1) use the business name of the mortgagee that is registered with the Secretary in all advertisements and promotional materials relating to the business of such mortgagee in the mortgage insurance programs; and (2) maintain copies of such advertisements and promotional materials.

Requires an approved mortgagee to submit immediate written notification of the following actions: (1) the debarment, suspension of a Limited Denial of Participation (LDP), or application of other sanctions, fines, or penalties applied to the mortgagee or to any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the mortgagee pursuant to applicable state or federal law; or (2) the revocation of a state-issued mortgage loan originator license or any other similar declaration of ineligibility pursuant to state law.

Instructs the Secretary to expand the review of FHA mortgagee applicants and newly approved mortgagees.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1116: Honest FHA Originator Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1116/
MLA
"H.R. 1116: Honest FHA Originator Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1116/.
Bluebook (legal)
H.R. 1116, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1116/.
Markdown link
[H.R. 1116: Honest FHA Originator Act of 2009](https://openamerica.io/bill/111-HR-1116/)
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