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B-215699 1 (1984-10-02)

handle is hein.gao/gaobadlyi0001 and id is 1 raw text is: Lut ' THE COMPTROLLER ENERAL OECISION OP THE UNITED STATES WA8IN0TON. O.C. 2054. FILE: B-215699 OATE: October 2, 1981. MATTER OF: Ronald J. Walton - Real Estate Expenses - Loan Service Fee OIQEST: An employee who was transferred in 1979 incurred al 1 percent loan service fee when he purchased a residence at his new duty station. Paragraph 2-6.2d of the Federal Travel Regulations, FPMR 101-7 (May 1973), in effect at the time of the employee's transfer, prohibited reimbursement for any fee constituting a finance charge under Regulation Z, 12 C.F.R. S 226.4(a). Since a loan service fee constitutes a finance charge, the employee may not be reimbursed for any part of the fee absent a break- down of items which are excludable from the definition of a finance charge under 12 C.F.R. S 226.4(e). Mr. Roy J. Heinbuch, Chief of the Branch of Financial Management, Geological Survey, United States Department of the Interior, requests our decision on the claim of Mr. Ronald J. Walton, an employee of the Geological Survey. Mr. Walton requests reimbursement for a 1 percent loan service fee he incurred in connection with a permanent change of station in 1979. We hold that Mr. Walton may not be reimbursed for the loan fee, since the regulations in effect at the time of his transfer prohibited reimbursement for any fee constituting a finance charge. BACKGROUND By travel order dated April 20, 1979, Mr. Walton was authorized reimbursement for relocation expenses associated with his transfer from Beltsville, Maryland, to Denver, Colorado. On August 2, 1979, he settled on the purchase of a residence at his new duty station, and subsequently claimed reimbursement for a 1 percent fee represented on the settlement statement as a loan service fee. The agency disallowed reimbursement for the loan fee, apparently con- cluding that the fee constituted a nonreimbursable finance charge under the Federal Travel Regulations, FPMR 101-7 (May 1973) (FTR), and citing our decisions in B-171792, May 28, 1981, and B-162494, October 26, 1967.

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