B-186579: Oct 28, 1976

BECAUSE OWNER'S TITLE POLICY MAY BE REIMBURSED WHEN INCURRED BY PURCHASER AS PREREQUISITE TO TRANSFER OF PROPERTY OR TO OBTAINING FINANCING INCIDENT TO SUCH TRANSFER IF IT IS CUSTOMARILY PAID FOR BY PURCHASERS IN THE AREA INVOLVED. FOR EXPENSES OF TITLE INSURANCE IN THE AMOUNT OF $351 WHICH WERE INCURRED IN CONNECTION WITH HIS TRANSFER FROM PHILADELPHIA. THE $351 "TITLE INSURANCE" FEE WAS SET FORT...

B-186579: Oct 28, 1976

An advance decision is requested concerning the propriety of reimbursing an IRS employee for expenses of title insurance incurred in connection with a transfer. Because the employee was required to obtain the title insurance to obtain financing, he may be reimbursed for the insurance, even though Federal Travel Regulations allow mortgage title insurance but disallow owner's title insurance...