B-219309: Jan 29, 1986

OFFICERS AND EMPLOYEES - TRANSFERS - REAL ESTATE EXPENSES - LOAN ORIGINATION FEE DIGEST: TRANSFERRED EMPLOYEE WHO PURCHASED A RESIDENCE AT HIS NEW DUTY STATION MAY BE REIMBURSED FOR A LOAN ORIGINATION FEE OF 2 PERCENT SINCE THE LOCAL OFFICE OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT INDICATES THAT THIS IS THE CUSTOMARY RATE FOR A CONVENTIONAL MORTGAGE IN THE LOCALITY OF THE EMPLOYEE'S NEW...

B-219309: Jan 29, 1986

The Internal Revenue Service requested a decision as to whether a transferred employee may be reimbursed for an additional 1-percent loan origination fee. The employee purchased a residence at his new duty station and paid a 2-percent loan origination fee. The agency reimbursed him 1 percent in accordance with a Comptroller General decision. The employee contended that he was entitled to reimburse...