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B-213741 1 (1984-07-23)

handle is hein.gao/gaobadlus0001 and id is 1 raw text is: 71T4 COMPTROLLEN OSFINAL DECISION\* . OF THE UNITED STATS U WAS*H4NQTON, D.C. Q0540 FILE: B-213741 DATe. July 23, 1984 MATTER OF: Gary L. Barlow and Terry R. Cooper DIGEST: Employees, who assumed the previous owners' mortgages in purchasing residences upon change of duty station, were assessed a loan assumption fee and a service charge, respectively. Where the fees are 1 percent and 1.5 percent of the loan balances, respectively, and the lending institutions state that they have the same meaning as a loan origination fee when a new loan is being made, the fees are similar to a loan origination fee and may be reimbursed under revised regulations effective October 1, 1982. An authorized certifying officer1 of the Department of Agriculture requests a decision as to whether two employees may be reimbursed a loan assumption fee and a service charge, respectively, which they paid in connection with the purchase of residences at their new duty stations. These fees may be reimbursed because they are similar in nature to loan origination fees which are reimbursable under a recent revision of the Federal Travel Regulations. Facts Gary L. Barlow By order dated September 8, 1982, Gary L. Barlow was transferred from Burns, Oregon, to John Day, Oregon. He reported for duty at his new official station on October 12, 1982, and purchased a residence there on which the settle- ment date was April 14, 1983. On the residence he purchased he assumed the existing mortgage loan of $23,282.17, through the Pioneer Federal Savings and Loan Association for which he was charged a loan assumption fee of $349.23, which represents about 1.5 percent of the balance of the loan. The agency took exception to his claim for reimbursement of I W. D. Moorman, Authorized Certifying Officer, National Finance Center, Office of Finance and Management, Depart- ment of Agriculture, New Orleans, Louisiana. 0n7

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