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B-214757 1 (1984-09-05)

handle is hein.gao/gaobadlxb0001 and id is 1 raw text is: - 4-CoV ( THE COMPTROLLER 0KNURAL OUCISION OP THE UNITED STATES WAUHINGTON. O.C. 2054U FILE: B-214757 DATE: September 5, 1984 MATTER OF: Mark W. Spaulding OIGEST: (1) In connection with his purchase of a house at his new duty station a trans- ferred employee was charged a loan application fee of $200 plus a loan origination fee of 3 percent of the loan amount, half of which was paid at the time the lending institution committed itself to loan this money and the other half at settlement. The agency reimbursed the $200 fee plus 1/2 of the loan origination fee. That settlement is sustained since in the circumstances of this case any additional payment would amount to reimbursement for a cost in the nature of a loan discount or points. (2) The Federal Travel Regulations require that in order to qualify for expense reimbursement occupancy of temporary quarters must begin not later than 30 days after the employee reports to his new duty station or not later than 30 days from the date the family vacates the residence at the old duty station. A transferred employee who stayed with friends for more than 30 days after he and his family traveled to the new station may not be reimbursed for tempo- rary quarters and subsistence expenses incurred when they stayed in a motel after time to qualify had expired. An employee paid a $200 loan application fee plus a 3 percent loan origination fee, half of which was paid at the time the lending institution agreed to make the loan and the other half at time of settlement. The agency disallowed reimbursement of 1/2 of the loan origination fee because it considered that amount to be a finance charge. We concur in the agency finding that additional reimbursement for the loan origination fee in this case should not be allowed since it is obviously

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