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B-189381 1 (1977-12-15)

handle is hein.gao/gaobadfji0001 and id is 1 raw text is: Ip VNv P DEC1 IO * - '+ ria P 89381 THU CCMPTROLLIF RIDNERAL OP THE UNITEC ETATES a WASMINGTON. D.C. 30540l DATE: December 15, 1977 IF: Charles 1. Smith - Real Estate Expenses - Finance Charge 1. Transferred employee incurred loar. origination fee in amount of 2 per- cent of mortgage on home purchased at new station. Loan fee is finance charge under Regulation Z and may not be reimbursed except for specific fees which are excluind by 12 C.FH. 226A4(e) from computtion of finance charge. Itemization of fee by lender conaisted only of estimated charSes assessed by othe' lenders for similar services. Reimbursement is denied be-ceavse lender must identify with spec.. icity its own actual feea which comprise the finance charge. 2. Decision in Georre W. Lay, 56 Comp. Gen. 561 (1977) oncerned payment of legill fees tncurred tinder FTR para. 2-6'2e, andia not applicable to reiabursement of finance charges gobvned by PTR para. '2-6.2d and Regulation Z. Thus, l-Igal or attor- ne's Tees. which compri-o part of finanbe charge assessed under Regula- tion X must be itemized, and reim- bursenient may be made only for specific services excluded from ccmputation of finance charge. By letter dated June 14, 1977, Mr. Dvain R. Winstead, Chief of the Fiscal Service, '6terans Administration Hospital, Tuscaloosa, Alabama, requested our decisicn concerning the claim of Mr. Charles W? Smith for reimbursement of certain finance charges incurred incident to the purchase of a residence at his new duty station. The record indicates that upon transfer to Tuscaloosa, Mr. Smith purchased a house and financed it through the First II -j FILE: B-1 MATTER C DIGET: . IG 1 - I

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