B-223509: Jan 9, 1987

HE RECEIVED A REDUCED RATE ON HIS PURCHASE OF MORTGAGEE'S TITLE INSURANCE BECAUSE IT WAS PURCHASED IN CONJUNCTION WITH AN OWNER'S TITLE INSURANCE POLICY. THE COST OF THE TITLE INSURANCE WAS EQUALLY DIVIDED BETWEEN SELLER AND BUYER. THE EMPLOYEE IS ENTITLED TO REIMBURSEMENT OF AN AMOUNT EQUAL TO ONE-HALF OF THE CHARGE FOR THE MORTGAGEE'S TITLE INSURANCE IF PURCHASED SEPARATELY. JR. - RELOCATION EXP...

B-223509: Jan 9, 1987

The Veterans Administration (VA) requested a decision as to how much it should reimburse a transferred employee for his title insurance costs. GAO noted that the employee divided the cost of the title insurance with the seller of the residence. GAO held that the employee was entitled to reimbursement for what his share of the costs of the mortgage title insurance would have been if he had purchase...