[Decision Concerning VA Employee's Claim for Reimbursement of Loan Origination Fee]

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Highlights

The Veterans Administration (VA) requested a decision regarding a transferred employee's claim for a 2-percent loan origination fee incident to his purchase of a new residence. GAO held that, since the claimant did not itemize the lender's administrative costs, VA correctly limited reimbursement to 1 percent. Accordingly, the claim was denied.