Employee Reimbursement for Loan Origination Fee
B-189639
Mar 24, 1978
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Highlights
A response was requested to questions concerning reimbursement of a transferred employee's real estate expense for a loan origination fee. The employee cannot be reimbursed for the fee since it was stated as a lump sum and was considered a finance charge. A former decision allowing for reimbursement of charges in loan origination fees under certain conditions was overruled but is to be applied prospectively only.