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![handle is hein.gao/gaobaddgm0001 and id is 1 raw text is:
FILE: D-164G62c
VMAT7TEFR OF:
D1 I L-'E. ST:
0 F TI{ r. LNI v, r-, 'r/TF 0-
A*~ WA S HI NG TON , D .C. 2OC)5 4L3
-LO
DATE:
FEB 12 1971C;?01 -
Dean L. Taylor -- Clv.iia Eor loan trans fer fec incideat.
to purchase of residenicc upon re-location.
ft- ployee, upon relocaticn to new, duty station, purchasc-d
& resIdence and clairac6 real estate expenses~. rooc
may not be reitabursed for loan transfer or loa~n assu~aptiuon
fee sip-ce it Is regardedl -S fi nan.ee char- e vuwAr Truth -it
Lending Act and Regulation Z despite fact that fee merely
reflects ac1-inistrative costs.
7i.action is in response to the ro! uest for a ducision 1,y
11C. U:i C. V Tl natoie certilyinig officr :fthc UI'ated
-I~t ~ Arclucc, as to vA_hc he sa cei. o
t.~ ~ ~ ~ - 0. vr~rCC -n Cc,'z - >o Dc-,'i. th ywi for Lur,: o a- 1 ccec
wi'. the7J p~ Uft C : on. C0 IC
Ac. T10iC 1, 2::7. a~ C'2 an:, onZi;2c U.
thereto by thc !'osrd of ovrr of th'e i' leraJ Iftheerve Systeue.
Hr. Taylpr ar7ueq h~ this ben - trc-,n':rer fc a is neot rlCCC
chcarge but rz- L'ir a char-1, i7cr clerife I and 1paper vo'rk ;.n-
volvee6 in Ir A the h~:. la U'S io r.cd c' of at
racacrzn duma fro- 01-2 leer tcn-e ccm-)aiy vwhich statcs': T'ic 3 $5
transfer scc i£;f>r the cos-, for charf ing, our re, cc1dl fro~n tie
purchazers nae to your nee
Our Office has lonag heldc that a loan tra-nrsf(r fee or loaii
assumaptiotI foe is iiot rElbursable because it is regardaC' as a
finance chartc u-dei: Z;ltin, ds~?2.te the fa,- Chat such a
fee racrely reflceats admirnistr--tive ccosts. B-17C,433, June b~ .3
February 13, 1970,, D-16<335'9, Jcnuary 2, 1970. Snch -. chargo 'Is
incident to the extension of credit Znd is not ec,,.ludCed froni thoe
finance charee under th-a T-- uth in Le,,divig Act or i~csulatioz l
fl-lS].037f July 16, 1974.](ViewImageLocal?handle=hein.gao/gaobaddgm0001&div=1&collection=&method=preview&ext=.png&size=3)