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B-186312 1 (1976-12-21)

handle is hein.gao/gaobadeah0001 and id is 1 raw text is: FILE: B-186312 STHE COMPTRCZ.LER MERAL * .* OF THE UNITED *TATSB WASHINGTON, D, C. 20545 DATE: Decmr 21, 1976 MATTER OF: William D. Curtis - Real. estate expenses DIGEST: Transferred employee seeks reimbursement cf real estate expenses incurred incident to transfer and purchase of new home. Although Settlement Statement is v- -lear as to items included In $583.50 orig'-ation fee, supplemental letter from lender states fee covers lender's overhead exper.-es in con- nection with preparation of enumerated documents. Lender's overhead expenses ure costs incident to extension of credit and there is no basis for payment under Regulation Z, 12 C.F.R. 1 226.4 (1976).. This action is in response to a request for an advance deci- sion requested on April 5, 1976, by Thouias R. Lab, an authorized certifying officer, Bureau if Reclamation, United States Depart- ment of the Interior, Salt Lake City, Utah, concerning the claim of William ii. Curtis, an employee of the Bureau of Reclamation, fnr epensee incurred when he purchased a residence incident to a transfer of official duty station. The record indicates that in accordance with Travel Authoriza- tion dated January 19, 1976, Mr. Curtis was transferred from Salt Lake City, Utah, to Provo, Utah. On January 26, 1976, the settle- ment for Mr. Curtis' view home was held. Included on the Buyer's Settlement Statement: was a charge against Mr. Curtis in the amount of $580.50, labeled origination fee. No breakdown of this amount appeared on the Buyer's Settlement Statement. On February 19, 1976, Hr. Curtis received from the Bureau of Reclamation an itemized list of those moving expenses for which he would be reimbursed. The origination fee was excluded from this list on the basis of the provisions-contained in Federal Travel Regulaticns, FPMR 101-7, para. 2-6.2d, May 1973, which provides in part that: *** no fee, cost, charge, or expense is reimbursable which is deter- mined to be a part of the finance mII Co C C r' L

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