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FILE: B-192851 DATE: Ma.Y 11, 1979
MATTER CF: George J. N t -Relocation expenses e o le-
Finance charges
DIGEST: 1.
Employee who purchased a residence incident to
transfer may not be reimbursed for loan origina-
tion fee, commitment fee, underwriting fee, new
loan tie-in fee, and tax service charges, as
such payments are finance charges under Regula-
tion Z and are not reimbursable under Federal
Travel Regulations, para. 2-6.2d (May 1973).
2. Employee may be reimbursed $5 sub-escrow fee
paid in purchase of residence incident to trans-
fer as an expense under Federal Travel Regula-
tions, para. 2-6.2f, since such charge was.
customary in area.
This action is in response to a letter dated August 14, 1978,
with enclosures, from the Chief, Finance and Accounting, Central
Security Service, National Security Agency, Fort George G. Meade,
Maryland, reestin a decision as to the propriety of certifying
for payment certain items and amounts claimed by Mr. George J.
ehrstedt, representing real estate expenses in connection with the
purchase or a residence in March 1978, in Huntington Beach, Califor-
nia, upon transfer of station. The request was assigned PDITATAC
Control No. 78-33 and forwarded to this Office by the Per Diem,
Travel and Transportation Allowance Committee on September 3, 1978.
The expenses questioned are loan origination fee, $633;
commitment fee, $311.50; underwriting fee, $18; new loan tie-in fee,
$35; sub-escrow fee, $5; and tax service, $16.50. The finance
officer is aware that the loan origination fee and the tax services
charges are finance charges and as such are not reimbursable.
Reinbursement of relocation expenses is governed by the
Federal Travel Regulations, FPMR 1,01-7 (May 1973) (FTR).
Para. 2-6.2d of those regulations probibits reimbursement of any
item which is found to be a finance charge under Regulation 2
issued by the Board of Governors of the F ederal Reserve System
in implementation of the Truth in Lending Act. In determining
whether. cr not an item is part of Finance ch2rge, the reviewing
officials must examine it in light o if .egaulation Z (12 C.F.R.
§ 226.4 (1978)) and our decisions.
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