[Appeal of Claims Group Settlement Denying Claim for Reimbursement of VA Loan Application Fee]
B-215334
Oct 24, 1984
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Highlights
A Veterans Administration employee appealed the Claims Group's denial of his claim for reimbursement of a loan application fee resulting from the purchase of a house. Regulations prohibit reimbursement of finance charges and, since a loan application fee arises from a credit application and not a home purchase, it is categorized as a finance charge. Accordingly, since the fee was not reimbursable under regulations in effect at the time, the Claims Group's settlement was sustained.