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INSTRUCTIONS FOR FEC FORM 3 AND RELATED SCHEDULES

INSTRUCTIONS FOR

standing balance at the close of the

candidate’s personal funds, check the

reporting period (i.e., the remaining

“Personal Funds of the Candidate”

SCHEDULE C, LOANS

unpaid portion of the loan).

box on Schedule C.

(FEC FORM 3)

Enter certain additional informa-

Continue to report loans owed BY

tion on Schedule C in the box entitled

the committee on each subsequent

A loan is a contribution at the

TERMS: (1) if an intermediary is

report until repaid. When a payment

time it is made and is a contribution

reported as the source of the loan,

is made to reduce or extinguish the

to the extent it remains unpaid. A

the original source of the loan (which

amount of a loan owed BY the com-

LOAN WHICH EXCEEDS THE

must be disclosed in the first box for

mittee, the payment must be itemized

CONTRIBUTION LIMITATIONS

endorsers and guarantors with a nota-

on Schedule B, reported on the appro-

IS UNLAWFUL WHETHER OR

tion that the person identified is the

priate line of the Detailed Summary

NOT IT IS REPAID. The aggregate

original source); (2) the date the obli-

Page, and included in the “Cumulative

amount loaned to a candidate or com-

gation was incurred; (3) whether the

Payment to Date” column on Schedule

mittee by another individual or polit-

loan is from the personal funds of the

C. If any extension for repayment is

ical committee, when added to other

candidate; (4) the date the loan is due

granted, report this on the first report

contributions from that individual or

or the amortization schedule (if there

after the extension is made.

political committee to that candidate

is no due date or amortization sched-

If a loan is settled for less than the

or committee, shall not exceed the

ule, enter “None” on the appropriate

reported amount, the reporting com-

contribution limitations. A loan, to

line); (5) the actual rate of interest

mittee must include a statement as

the extent it is repaid, is no longer a

charged on each loan (if the loan does

to the circumstances and conditions

contribution. All loans to a political

not bear an interest rate, enter “0” on

under which the debt or obligation was

committee (regardless of amount)

the appropriate line); and (6) check

extinguished and the amount paid. A

must be disclosed on the first report

the box if the loan has been secured.

loan owed BY a political committee

filed with the Commission after the

In instances where the loan has

which is forgiven or settled for less

date the loan is made.

endorsers or guarantors, supply the

than the amount owed is a contribu-

When filling out Schedule C, the

following information: (1) the identifi-

tion. Enter the total amount of loans

committee must enter its full name in

cation of each endorser or guarantor,

owed BY the committee at the close

the box at the top of the page.

and (2) the amount of the endorse-

of the reporting period on the line for

DO NOT combine loans owed TO

ment or guarantee outstanding at the

“Total This Period” on the bottom of

the committee with those owed BY

close of the reporting period. The

the last page and transfer the total to

the committee on the same Schedule

term “identification” means (a) in the

Line 3 of the last page of Schedule D.

C. Instead, use a separate Schedule

case of an individual, his or her full

If no debts or obligations are reported

C. Report each loan separately until

name, mailing address, occupation,

on Schedule D, carry the outstanding

extinguished.

and name of employer; and (b) in the

balance forward to the Summary Page.

case of any other person, the person’s

Loans Owed By the Committee

full name and address.

Loans Owed To the Committee

In instances where the loan is

Itemize each loan received by

A loan made by the committee must

derived from either a bank loan to

the committee on Schedule A for

be itemized on Schedule B and must

the candidate or from an advance on

the appropriate line of the Detailed

also be disclosed on Schedule C. For

the candidate’s brokerage account,

Summary Page, and also disclose it

each loan owed TO the committee at

credit card, home equity line of

on Schedule C (see also instructions

the close of the reporting period, report

credit or other line of credit, report

for Schedule A for itemizing loans

certain basic information on Schedule

the candidate as the source of the

received by the committee) and Sched-

C in the appropriate boxes: (1) the full

ule C-1 (if applicable). For each loan

loan on Schedule C. In addition to

name, mailing address and zip code of

reporting the terms of the loan in the

owed BY the reporting committee

each debtor; (2) if the loan was made

at the close of the reporting period,

appropriate boxes, disclose the type/

to another Federal candidate or autho-

source of loan the candidate received

the committee must report certain

rized committee, the election to which

basic information on Schedule C in

(i.e., bank loan, brokerage account,

the loan applies (i.e., primary, general

credit card, home equity line of credit,

the appropriate boxes: (1) full name,

or other); (3) the original amount of

mailing address and zip code of the

other line of credit, or personal funds

the loan; (4) the cumulative payment

creditor; (2) the election to which the

of the candidate) in the first box for

to date on the loan; and (5) the out-

loan applies (i.e., primary, general

endorsers and guarantors with a nota-

standing balance at the close of the

or other); (3) the original amount of

tion for loan type or in the box for

the loan; (4) the cumulative payment

“Loan Source” after the candidate’s

reporting period (i.e., the remaining

to date on the loan; and (5) the out-

name. If the source of the loan is the

unpaid portion of the loan).

Page 14

Federal Election Commission (Revised 05/2016)

Fec Form 3 - Report Of Receipts And Disbursements For An Authorized Committee Instructions Page 14

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