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B-232679.2 1 (1989-08-29)

handle is hein.gao/gaobadnoh0001 and id is 1 raw text is: The Comptroller General of the United States Washington, D.C. 20548 Decision Michael J. Murphy - Reconsideration of Claim for Matterof: Reimbursement of Loan Origination Fee File: B-232679.2 Date: August 29, 1989 DIGEST Upon reconsideration, we affirm our prior decision that an employee may be reimbursed only a 1 percent loan origination fee rather than a 2.5 percent fee. Although initial fees and charges totalling 2.5 percent were customary in the locality based on a Federal Home Loan Bank survey, the survey included not only loan origination fees, but also discounts and points which are not reimbursable expenses, DECISION In this decision we reconsider the claim of Mr. Michael J. Murphy, an employee of the Internal Revenue Service, for reimbursement of a loan origination fee. For the reasons set forth below, we sustain our prior decision in Michael J. Murphy, B-232679, Nov. 14, 1988, which denied the employee's claim for reimbursement of a 2.5 percent fee and limited his reimbursement to 1 percent. BACKGROUND The facts, as more fully set forth in our prior decision, are that Mr. Murphy transferred from Philadelphia, Pennsyl- vania, to Washington, D.C., and purchased a residence at his new duty station. He sought reimbursement for a 2.5 percent loan origination fee he incurred in the purchase of his new residence, but the agency reimbursed him only an amount equal to a 1 percent loan origination fee. In our prior decision, we sustained the agency's determination since the 2.5 percent figure contained not only a loan origination fee which is reimbursable but also discounts and points which are not reimbursable. In requesting reconsideration, Mr. Murphy states that he relied upon our earlier decision in Steven C. Krems, 65 Comp. Gen. 447 (1986), holding that employees could be

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