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B-203345 1 (1982-07-07)

handle is hein.gao/gaobadklv0001 and id is 1 raw text is: 'TThni -T ('-1 mnlo THE COMPTROLLER O NUHAL LFI THU3 UNITED UrOTTIE WABHIINcITrINo 0, 0. OL 48 B-203345 MATTER 0F DIGEST; DATE; July 7, 1982 Vernon L. Cox - Real Entate Expensea and Excess Valuation Charges 1. A transferred employee reclaims expenses incurred in the sale of his residence at his old duty station which were previously disallowed by the agency. The disallowed expenses were a document fee which is customarily paid by the purchaser in the area and, therefore, not reimbursable under the Federal Travel Regulations, FPMR 101-7 (May 1973) (FTR), and a warehouse fee which is a finance charge under the Truth in Lendinq Act and Regulation Z. Reimburse- ment o. any cost found to be a finance charge under Regulation Z, 12 C.FR, § 226.4(a), is prohibited by FTR paragraph 2-5.2d. 2. Under the FTh, a Federal enployee may declare a valuation above the carrier's minimum released valuation, but he must bear the additional costs of coverage. An employee may not be given an offset for a premium paid for the first q15,000 of insurance, which is the same amount of coverage provided an employee under 31 U.S.C. § 241, because the Government assumen its own risks and, therefore, pays no premiums for insurance. Ms. V. G. Leist, an authorized ctertifying officer at the Internal Revenue Service, Department of the Treasury, requests an advance decision on a reclaim voucher of Mr. Vernon L. Cox for certain real estate expenses incurred in connection with the sale of a residence in Los Angeles, California, incident to a permanent change of duty station. Specifically, Mr. Cox requests reimbursement of a document fee in the amount of $00, and a warehouse fee in the amount of $250. We hold that Mr. Cox may not be reimbursed the items cited above because the document fee is customarily paid by the purchaser of a residence, not the seller, and the warehouse fee is a finance chare * I p 1 fl1A,161WN FILE; Z ;

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