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B-223509 1 (1987-01-09)

handle is hein.gao/gaobadmot0001 and id is 1 raw text is: ,The Comptroller General of the United States Washington, D.C. 20548 Decision Matterof- James R. Hladik, Jr. - Relocation Expenses - Title Insurance Premium File: B-223509 Date: January 9, 1987 DIGEST A transferred Veterans Administration employee purchased a residence at his new official station. In obtaining the title insurance necessary to secure financing, he received a reduced rate on his purchase of mortgagee's title insurance because it was purchased in conjunction with an owner's title insurance policy. The cost of the title insurance was equally divided between seller and buyer. The employee is entitled to reimbursement of an amount equal to one-half of the charge for the mortgagee's title insurance if purchased separately. DECISION This decision is in response to a request from the Director, Office of Budget and Finance (Controller) of the Veterans Administration (VA). We have been asked how much reimburse- ment an employee may receive where the cost of the owner's title insurance policy represents almost the entire cost of both the owner's and mortgagee's title insurance policies. For the reasons set out below, we hold that the employee may be reimbursed for an amount equal to what his share of the cost of the mortgagee's title insurance policy would have been had that policy been purchased alone. BACKGROUND Dr. James R. Hladik, Jr., an employee of the VA, was trans- ferred from Omaha, Nebraska, to Wichita, Kansas, and reported for duty in Wichita on August 18, 1985. Incident to the transfer, Dr. Hladik purchased a residence in the Wichita area. As is the customary practice in the Wichita area, 037763

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