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B-219309 1 (1986-01-29)

handle is hein.gao/gaobadmdw0001 and id is 1 raw text is: L THE COMPTROLLER GENERAL OlCISION OP THE UNITED STATE1 WASHINGTON. O.C. 2o548 FILE: B-219309 DATE: January 29, 1986 MATTER OF: Joseph R. Aceto DIGEST: Transferred employee who purchased a residence at his new duty station may be reimbursed for a loan origination fee of 2 percent since the local office of the Department of Housing and Urban Develop- ment indicates that this is the customary rate for a conventional mortgage in the locality of the employee's new duty station. An employee, who purchased a residence at his new duty station, was charged a loan origination fee of 2 percent or $1,280. He has been reimbursed by his agency for 1 percent or $640.1/ The employee may be reimbursed for the addi- tional $640, since the local office of the Department of Housing and Urban Development has indicated that a loan origination fee of 2 percent is customary for conventional mortgages in the locality of the employee's new duty station. BACKGROUND Mr. Joseph R. Aceto, an employee of the Internal Revenue Service, was transferred from Cleveland, Ohio, to Toledo, Ohio, under a travel authorization issued August 29, 1984. He purchased a residence at his new duty station financed by a conventional mortgage and paid a 2 percent loan origination fee in the amount of $1,280 to People's Savings Association. The agency reimbursed him 1 percent or $640 in accordance with the Comptroller General's decision, Roger J. Salem, 63 Comp. Gen. 456 (1984). Mr. Aceto contends that he is entitled to reimbursement of the entire 2 percent loan origination fee since the local office of the Department of Housing and Urban Development has advised that 1/ An authorized certifying officer with the Internal Revenue Service has requested an advance decision on whether Mr. Joseph R. Aceto may be reimbursed for a 2 percent loan origination fee. # I

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