Reimbursement of Loan Origination Fee Including a Fee To Cover Administrative Expenses and a Commitment Fee
B-191040
Nov 29, 1978
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Highlights
An advance decision was requested concerning a transferred employee's entitlement to reimbursement for a loan origination fee which he paid in connection with purchase of a home at his new duty station. Reimbursement was prohibited since a portion of the fee described by the bank as administrative expenses and the balance which it described as a commitment fee were finance charges under the applicable regulation and were, therefore, not reimbursable.