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B-193535 1 (1979-07-18)

handle is hein.gao/gaobadhkm0001 and id is 1 raw text is: , THE COMPTROLLER GENERAL DECISION ( I OF THE UNITED STATES ~ .WJ\AS HJINGTO N 0 .C. 20548B FILE: B-193535 DATE: July 18, 1979 MATTER OF: Mr. John R. Hughes, Jr. DIGEST: Transferred employee claims reimbursement oA Eo-r loan origination fee incident to purchase of home at new location Charges contained in such lump sum may be reim- bursed if excludable from finance charges under Truth in Lending Act by Regulation Z, 12 C.F.R. 226.4(e), and itemized to show the portion of fee, allocable to each allowable item. In absence of specific, information as to amount of loan origina- tion fee allocable to otherwise reimburs- able items, payment may not be made. This action is in response to a request for an advance decision submitted by Mr. John Houston, Authorized Certifying Officer, Field Finance Office, National Oceanic and Atmos- pheric Administration, on the question as to the propriety of making payment on a voucher in the amount of $250, in favor of Mr. John R. Hughes, Jr., an employee of that agency, for certain real estate expenses incurred incident to his official change of station in 1978. The submission shows that on transfer, Mr. Hughes purchased a home at his new station. Incident to that purchase, Mr. Hughes filed a claim for expenses totalling $445.80. The listed items in the voucher were: lot survey-- $55; Recording fees--$16; Lenders coverage, Title Insurance-- $124.80; and Loan Origination Fee--$250. In response, the administrative office allowed payment on June 23, 1978, for $195.80, but disallowed payment for the Loan Origination Fee, noting to Mr. Hughes that in order for any portion of that fee to be reimbursable, an itemization of expenses making up that fee would be required. Mr. Hughes attempted to secure a breakdown of the items and costs from the lending institution. They advised him that the fee in question was not an interest charge, but rather it was a fee covering their loan processing, includ- ing a credit report and appraisal, but they would be unable to itemize the costs for each. Further efforts to secure the required itemization were unsuccessful.

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