B-229352: Aug 22, 1988

Absent a definitive showing that the customary charge in the area was greater. Our decisions have limited reimbursement to 1 percent. R. Lawrence Heller - Loan Origination Fee: This decision is in response to a request from an Authorized Certifying Officer. We conclude that the employee is limited to reimbursement equal to 1 percent of the loan for the following reasons. Was transferred from Terra...

B-229352: Aug 22, 1988

The Internal Revenue Service (IRS) requested a decision regarding a transferred employee's claim for reimbursement for a loan origination fee for purchase of his residence. IRS had allowed partial reimbursement of the fee based on customary charges in the claimant's residential area. The claimant contended that his survey of area lending institutions indicated that loan origination fees consistent...