United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao_comptroller_general legislative 2016-06-24 U.S. Government Publishing Office 1996-06-07 monographic deposited born digital 3 p. GA 1.13:B-265728 https://www.govinfo.gov/app/details/GAOREPORTS-B-265728 P0b002ee18fd4df40 f:265728 DGPO 2016-06-24 2016-06-24 GAOREPORTS-B-265728 machine generated eng fdlp COMPTROLLERDECISION GAOREPORTS-B-265728 B-265728 Comptroller General Decision

A transferred employee was reimbursed a $1,000 loan origination fee (1 percent), but was denied reimbursement for a $700 loan processing fee. The lender provided an itemized breakdown of the loan processing fee with the notation that the term "loan origination fee" and the term "loan processing fee" are interchangeable. If the fee represents part of the administrative cost of processing paperwork associated with a loan origination fee, this expense may not be reimbursed because the maximum amount allowable has already been paid as a loan origination fee. If the fee is not part of the loan origination fee, then it is an additional charge by the lender incident to the extension of credit, i.e., a finance charge, and is not reimbursable under 41 C.F.R. sec. 302-6.2(d)(2)(v) (1995). James A. Fairley, B-258932, Sept. 19, 1995. https://www.govinfo.gov/content/pkg/GAOREPORTS-B-265728/html/GAOREPORTS-B-265728.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-B-265728/pdf/GAOREPORTS-B-265728.pdf GAO/B-265728 https://www.govinfo.gov/app/details/GAOREPORTS-B-265728 Comptroller General Decision GAO/B-265728; Douglas Baxter; Title 15 Section 1601 Title 15 Section 1605(e) 15 U.S.C. 1601 15 U.S.C. 1605(e)