About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

B-184720 1 (1976-07-01)

handle is hein.gao/gaobaddca0001 and id is 1 raw text is: L ER . THE C MPTRL _LER GENERAL D~ECISI N OF THE UNITED STATES WASHINGTON, D.C. 2054B FILE: DATE: JUL 1 1976 B-184720 3 MATTER OF: Chester R. Lane - Title Insurance Expense, Reimbursement Incident to Transfer DIGEST: Transferred employee received reduced rate on purchase of lender's title insurance policy since it.was purchased in conjunction with owner's title insurance policy. Reim- bursement of amount equal to charge for lender's policy if purchased by itself is allowable, since amount equals charge for mortgage title insurance Prenium plus portion of owner's policy allocable to title search. By letter dated August 5, 1975, Mr. Donald E. Muldoon, Director, Accounting Division, Department of Housing and Urban Development, San Francisco, California, requests an advance decision on reimbursing the costs of title insurance incurred by an employee incident to the purchase of a residence at his new permanent duty station. Mr. Chester R. Lane, an employee of the Department of Housing and Urban Development, was transferred, by personnel action dated October 15, 1974, from 'ashington, D.C. to San Francisco, California. Incident to the purchase of a house at his new official duty station, M-r. Lane inc',rred costs in the total amount of $366.00 for tit½ insurance. The amount includes a charge of $301.80 for an owner's ocli'v issued by the California Land.Title Association and a chrge of $64.20 for a mortgagee's (lender's) Policy issued by the American Land Title Association. A latter frcm the First American Title Guarantee Company, dated July 15, 1975, indicates that if the lender's policy had not been purchased in con- junction with the owner's policy, the cost of the lender's policy alone would have been $271.00. The letter explains that the $64.20 actually charged for the lender's policy represents the special premium rate allowed the buyer because the two policies were issued concurrently. Paragraph 2-6 of the Federal Travel Regulations (FPMR 101-7, May 1973) describes certain expenses which are

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most