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B-223797 1 (1987-04-20)

handle is hein.gao/gaobadmra0001 and id is 1 raw text is: ~oU The Comptroller General of the United States Washington, D.C. 20548 IDecision Matterof- Kenneth R. Pedde - Relocation Expenses - Tax Service and Underwriter's Fees File: B-223797 Date: April 20, 1987 DIGEST An employee who purchased a residence incident to transfer may not be reimbursed for underwriter's fee and tax service fee as such payments are considered finance charges under the Truth in Lending Act and Regulation Z and are not reimbursable under Federal Travel Regulations, para. 2-6.2d(2)(e). DECISION ISSUE A transferred Federal employee claims reimbursement for an underwriter's fee and a tax service fee charged by the lender in connection with the purchase of a residence at his new duty station.1/ The underwriter's fee and the tax service fee are considered finance charges which may not be reimbursed. BACKGROUND Mr. Kenneth R. Pedde, an employee of the Bureau of Reclamation, Department of the Interior, was transferred from Billings, Montana, to Amarillo, Texas, on June 10, 1985. Incident to his transfer, he was authorized reimbursement of certain expenses in connection with the purchase of a residence at his new duty station. He claimed real estate purchase expenses including an underwriter's fee of $75 and a tax service fee of $60. Mr. Pedde's mortgage lender advised him that the underwriter's fee is a fee charged by the underwriter to review the loan documents for approval or 1/ Larry D. West, Acting Regional Finance Officer, Bureau of Reclamation, United States Department of the Interior, submitted this request for a decision.

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