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B-178454 1 (1973-06-19)

handle is hein.gao/gaobaacxb0001 and id is 1 raw text is: COMPTROLLER GENERAL Or THE UNITED STATES WASNIsZWrN. D.C. fSO31W eLI-7M'44 June 19. 1973 'raJs .1 Perry Authorized CertifyLng O fcar tonneille Powr A tnistwation United states De tment of the Interin 1. 0. ox 3621 Portland, Oregon 97208 Dear, )I Perry# We refer to your letter of April 12 1973, requesting the opinion of this Office at to the propriety of reimbursing Kr. Emnd K. Savoie 4115 paid by hlt and characterized as a loan service fee itaident to the purhas of residence in Decembr of 1972 at his new duty station, Fortt) an,Oregon@ The loan in connection with which the sevice ee vas charged was dto Hr. Savoie Ly the Departrent of Veterans Affairs of the State of Orego.. The Disclosure Statemant prepared by the Departmut chars acteriass the O11.5 service fee as a prepaid finane chargc. You quot frm a publication issued by that Department entitled Oregon Veterans Far sad Hob Loans which plaina that the servire fee covers the rost of appraisal and other costs of closing the loan and is Uesed *a the type and location of the property and the amont of tbe loan, You request to be advised whethev the loan serice fee Is a reizo bursable expense or whethar it is a finame charge for which reimburser meut is expressly precluded by subuection 4.2d of Office of K agemnt and Budget Circular 14o. A56, which, as in effect at the date of the transction here inrolved end presently providosu * * * Notwithstanding the above, so fee, cost, charge, or expense Is reinbursable which Is deter- mined to be a part of the finance charge under the Truth En Lending Mt Title 1, Public Law 90-321, nd Rgulation Z Issued pursuat thereto by the board of Governorea fthe VFeral Reserve Systea. .. -4.-.- - - - - p

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