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B-214277 1 (1984-06-25)

handle is hein.gao/gaobadltj0001 and id is 1 raw text is: TH. COMPTRO0LLER GENERAL DECSION OF THE UNITED UTATES *WASHINGTON. 0.C. 20548 FILE: B-214277 DATE: June 25, 1984 MATTER OF: Harvey B. Anderson DIGEST: An employee who relocated in connection with a permanent change of station claims reimbursement for seller's points or a loan discount fee which he paid as a part of the cost of selling his former resi- dence. The claim may not be paid because, even though under Regulation Z, which implements the Federal Truth in Lending Act, seller's points are no longer included among finance charges, reimburse- ment for points or mortgage discounts as a miscellaneous expense of a real estate transaction is specifically prohibited by the Federal Travel Regulations and Volume 2 of the Joint Travel Regulations. This action responds to a request for an advance deci- sion as to whether an employee who relocated in connection with a permanent change of station is entitled to reimburse- ment of seller's points or a loan discount fee which he paid as a part of the expense of selling his residence at his former duty station.1 Under current regulations, the employee is not entitled to reimbursement for seller's points or a loan discount fee. In December 1982, Mr. Harvey B. Anderson, an employee of the Defense Logistics Agency, was transferred from Oxnard, California, to Phoenix, Arizona. He sold his residence in Oxnard on May 27, 1983. The purchase of his former residence was financed by a loan guaranteed by the Federal Housing Authority (FHA). As a result, he was required to make a payment of 5.75 points, here amounting to $5,175. These seller's points constitute a loan discount 1 This request for an advance decision was submitted by Mr. Herman C. Heiser, Director, Systems and Financial Management, Defense Contract Administration Services Region, Dallas, Defense Logistics Agency. The request was approved by the Per Diem, Travel and Transportation Allowance Committee and assigned Control Number 84-1. () l9 q V(3

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