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B-178782 1 (1973-06-21)

handle is hein.gao/gaobaadat0001 and id is 1 raw text is: - p e4' C 5 qLCOMPTFOLAR GVS49RAL OF THi CUNITO 5TA'7ns . HOYD. O 1l-1fl78231a. Jm 21, 173 . J'oeph 5. Marcotte, Jr. 68 Cornell Circl lvsb Ap Colorado 51005 Dear it. eMarctte: I serence Is made to your ittar of Apr1l Ii, 19738 ensetittug: an appeal from the settlesat of our Tramsportatioead Claim Division date4 April 5. 1973, Z-2489582, dIlssiuog your cla m for rteibanatnt of $305 representing a loam seric fea paid iurldeut to the purchae of a re s i at your new permmast duty statin , haMloo Colorao The record shmns that the larva of latim, Departmnt of the Interior, disallowed the $305 from y ori.nal voucher. The Item was described on the settlement etatent as Lo'n Service The (buyer) and is I percent of the loa. On August 16, 1972, the administrative office Csubmitted a reclalm voucher for $305 vith supportiug docunwtta to our Tranoportation and Claim DiviLon for cruideratian. The claim was diaalo ed by our Office for the reson that the 9305rVremat a loan origination or loan service fee, a fiame charge under the 1ruth in LendIr4 Act, Public Law 90-321, ad as much not reimbursble under Offia. of Ma um -t and Budget Circula No. A-56, effective June 26, 1969. On appeal. you refer to a letter of the Central lortgage and Ivest- ment Cmpany, dated May 26, 1972, which reat& In pertmt part as foli.m I This fee is required to cover the cost d2 procassi g a loan. This encompasses the efforts of mmny people SnSSW7 to process loan frm application through closing. ibach typing, mail, telephone couversations, at cal- 3att n s olved. V. A. papers are prepared for sub- minslon; Truth in rnding Disclosure Statements, Closing. Statoant, preparation of Note and Ded of Trust alog with many other required tts are completed for closing. It ie difficult to t4±vtdnfly itadis every rqnurant for processing a loam to completion. I trust that you w have same Idea of whar. our loan origination fee covers. . A

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