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B-214243 1 (1984-07-26)

handle is hein.gao/gaobadlva0001 and id is 1 raw text is: THE COMPTrOLLRM GENERAL ONCISION OP TME UNITED UTAT88 WAGHINGTON. O.. 0546 FILE: B-214243 OATE: July 26, 198 .... MATTER OF: E. Louis Fry 'Relocation Expenses/r ILoan Origination Fee and VA Funding Feef OIGEST: Employee who was transferred effective December 20, 1981, incurred loan origina- tion and VA funding fees incident to pur- chase of home at new duty station. His loan origination and VA funding fees are finance charges under 15 U.S.C. S 1605(a) and under Regulation Z (12 C.F.R. 226.4) and are not reimbursable under para. 2-6.2d of the Federal Travel Regulations, FPMR 101-7 (September 1981) (FTR) in effect at the time of the transfer. The 1982 amend- ment to FTR paragraph 2-6.2d allowing reim- bursement of a loan origination fee is applicable only for employees whose effec- tive date of transfer is on or after October 1, 1982. Since the employee's transfer took place prior to that date, the amendment is not applicable to him. This decision is in response to a request for an advance decision submitted by Mr. Richard P. Griffith, Chief, Division of Financial Management, Office of Surface Mining, Department of the Interior, Denver, Colorado, con- cerning the propriety of reimbursing Mr. E. Louis Fry for a loan origination fee and a Veterans Administration (VA) funding fee in connection with his permanent change of station. For the reasons set forth below, Mr. Fry may not be reimbursed for either the loan origination fee or the VA funding fee. The loan origination fee and VA funding fee in Mr. Fry's reimbursement voucher were denied by the Office of Surface Mining on the basis that they were finance charges under the Truth in Lending Act, Title I, Pub. L. 90-321, May 29, 1968, 82 Stat. 146, 15 U.S.C. SS 1605(a), and Regulation Z issued by the Board of Governors of the Federal Reserve System, 12 C.F.R. Part 226 (1982), and thus not reimbursable under the Federal Travel Regula- tions, FPMR 101-7, para. 2-6.2d (September 1981) (FTR). Mr. Fry was transferred effective December 20, 1981. The

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