See related: PDC Interpretation 14-01
Disclosure
The following information must be reported for each loan received:
- the date the loan was received;
- the lender's name and address (and, if the loan is more than $100, report the lender’s occupation as well as name, city and state of the employer);
- if the loan is from the candidate or a contributor who has a per-election limit, show whether the loan is for the primary or the general election;
- the amount of the loan;
- the rate of interest charged (if any);
- the terms for repayment;
- the date by which the loan is to be repaid in full; and
- the names of any endorser, co-signer or loan guarantor.
Repayments are reported in Part 2 of the Schedule L and on the C-4 report. The amount contributed by lenders and co-signers is reduced as their loans are repaid, but this does not mean the candidate may be repaid more than the $6,000 repayment limit.