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B-221010 1 (1986-05-06)

handle is hein.gao/gaobadmhx0001 and id is 1 raw text is: , THE COMPTROLLER OENERAL O8CISION . OF THU UNITED ETATES WASHINGTON. 0.C. 20548 FILE: B-221010 DATE: May 6, 1986 MATTER OF: Deborah L. Beatty - Loan Origination Fee - Construction of Residence DIGEST: 1. The agency was not in error when it allowed reimbursement for a 1 percent loan origination fee, which the lend- ing institution originally referred to as points, a nonreimbursable item. We look to the nature of the fee to determine if it can be allowed, and both the settlement sheet and a bank statement designated the item as a loan origination fee. 2. A transferred employee was reimbursed a 1 percent loan origination fee and claims an additional 1.5 percent fee in connection with the construction of a residence at her new duty station. The claim for the additional 1.5 percent is denied, since paragraph 2-6.2d(1)(j) of the Federal Travel Regulations limits reimbursement of expenses that result from the construction of a residence to those which are comparable to expenses that are reimbursable in connection with the purchase of an existing resi- dence in the area, which in this case is 1 percent. Mr. W. D. Moorman, an authorized certifying officer for the United States Department of Agriculture (Agriculture), has requested our decision on Ms. Deborah L. Beatty's claim for a loan origination fee she incurred when constructing a residence at her new duty station. The issues are whether, and to what extent, a loan origination fee incurred in connection with construction of a residence at a new duty station may be reimbursed. We find that the loan origina- tion fee is reimbursable for the portion that relates to the purchase of the residence, but is not reimbursable for the portion attributable to construction of the residence. 035 35Y,

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