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B-186579 1 (1976-10-28)

handle is hein.gao/gaobaddym0001 and id is 1 raw text is: 




                                       THE  COMPTROLL.ERI GENERAL
            oDECISION       §          OF   THE   UNITED aYATea
CWASHINGTON.                                                .0c. 20540



            FILE:                             OATE:W    2f t9/k
                    8*186579
            MATTER OF:
                           Carl P. Wilson**lelouation**itle insurance
            OIGEST:
                       Taployee purchased house to Latcastor,
                       Pennsylvana, incdent to transfor,
                       and Incurred lump-sun charge for ttle
                       insurance which covered both mortgaaa
                       title policy and owner's title policy
                       dye to Pennsylvants regulation require
                       14 tital Lnaursece to coveY Lnterests
                       0t both mortag1e and pev ownnr,
                       Aplyee  may be %wimbursed for such
                       Apsurance, netw0itadtng federal
                       TraVel eulatiomi aiLowing mortgago
                       title insurance bat dseflloving
                       owmer's title Insurane, because
                       owner's title policy may be rela-
                       bursed when incred by puschaser an
                       prerciutitte to transfer of propirt)
                       or to obtaiinng insacing incident to
                       ach tuinster if it is customarily
                       paid for by purchasers in the area
                       involved,  -471041, December A,
                       1970; t-176663, February 20, 1973.
                 Sy letter dated fay 17, 1976, Ms. Aids lCokes, an authorised
             certifying offtcer of the HlidAtlantic Region of te fIntrnal
             Reveue Servie, raquests an advance decision as to the proprioty
             of veirtucsing Ni. Carl P. Wilson, sa employee of the !nternat
             Revenue ervice, for expenses of title insurance in tho anount of
             $331 vitch mwre Incurred in connection with his transfer from
             PhiltdGlphia, Pewnsylmia, to Lancaster, Pennsylvanta, in August
             1975.

                 The 4551 Title Inwurance fee was eat forthI n the mort-
             gasa's Discnloure/Settleent Statmant as follows#

                      Itan 100 Title Chargcs
                      Iten 1101 SettliMnt or closing fee
                      Itea 1102 Abstract or title search

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