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B-208767 1 (1983-04-12)

handle is hein.gao/gaobadkzt0001 and id is 1 raw text is: 7 THE COMPTROLLER GENERAL DECISION oF THE UNITED STATES WASHINGTON, 0. C. 2054B FILE: B-208767 DATE: April 12, 1983 MATTER OF: Brian McMahon DIGEST: 1. As a real estate expense incident to a permanent change of station, reimbursement of an owner's title policy for protection of the owner's interest in the property is prohibited under para. 2-6.2d of the Federal Travel Regulations. However, the cost of the policy is reimbursable if it is required to assure marketable title when selling the home or obtaining a loan for its purchase and if the local custom is that sellers or purchasers, as the case may be, buy the policy for such purpose. 2. An employee purchasing a residence at his new duty station is entitled to reimbursement of an owner's title policy required by his bank to protect its security interest in the property when making a loan to finance the purchase, but only if the custom in the local area is that purchasers pay the expense of the policy for this purpose. Mr. Brian McMahon, an employee of the Internal Revenue Service, was authorized relocation expenses for his transfer from Chicago, Illinois, to New York City. Incident to the transfer, he purchased a home in New Jersey and was required by the bank financing the purchase to buy an owner's title policy. The Internal Revenue Service, North-Atlantic Region, asks whether Mr. McMahon may be reimbursed for the expense of the owner's title policy. Although the request was addressed to the Claims Group of our Accounting and Financial Management Division, it appears to be a request for an advance decision of the Comptroller General and is being treated as such by us

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