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B-182835 1 (1975-02-07)

handle is hein.gao/gaobadcfo0001 and id is 1 raw text is: THE COMPTROLLER GENERAL DECISION . r OF THE UNITED STATES WASHINGT0N, 0.C. 20548 FILE: B-182835 DATE: February 7, 1975 MVIATT ER O F: Robert Kuessner - Relocation expenses - Loan origination fees DIGEST: Although employee, who incurred loan origination fees in June 1972, claimed reimbursement on ground he relied on obsolete regulations allowing such reimbursement, his claim was properly disallowed since section 4.2d of Office of Management and Budget Circular A-56, effective September 1, 1971, precludes reimbursement for real estate expenses incurred incident to transfer which are considered finance charges under Truth in Lending Act and Regulation Z issued pursuant thereto and regulation is binding although employee had no knowledge of it. Pursuant to a request submitted on behalf of Mir. Robert Kuessner by Congresswoman Marjorie S. Holt, we have reviewed the disallowance of his claim for reimbursement for a loan origination fee of $892 incurred incident to a transfer of duty station in 1972. The record indicates that Mr. Kuessner was transferred by Travel Order 2-1FS-0682, dated February 10, 1972, from Suitland, Maryland, to San Juan, Puerto Rico. Among the expenses incurred in making the transfer was a fee of $892 to cover the costs involved in originating and closing a loan for the financing of a new hone on June 19, 1972. The claim for reimbursement for this expenditure, Claim HTunber Z-2505438, was disallowed by our Transportation and Claims Division in its Settlement Certificate dated October 10, 1973. Mr. Kuessner believes that he should be reimbursed since such costs were reimbursable under obsolete regulations which were at his disposal. * Section 5724a of title 5, United States Code (1970), authorizes reimbursement for real estate expenses as follows: (a) Under such regulations as the President may prescribe and to the extent considered necessary and appropriate, as provided therein, appropriations or other funds available to an agency for adminis- trative expenses are available for the reimbursement of all or part of the following expenses of an employee for whom the Government pays expenses of travel and transportation under section 5724(a) of this title: 01 * *

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