§100.83. Brokerage loans and lines of credit to candidates. — Inbound Citations
11 C.F.R. § 100.83
Statutory Authority
Cited by 8 regulations in release Current.
Citations to 11 U.S.C. § 100.83 as a whole
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Repayment of a loan of money derived from an advance on a candidate's brokerage account, credit card, home equity line of credit, or other line of credit available to the candidate, as described in 11 CFR 100.83, is not an expenditure.
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(f) This section shall not apply to loans described in 11 CFR 100.83.
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(B) Loans made, guaranteed, or endorsed by a candidate to his or her authorized committee including loans derived from a bank loan to the candidate or from an advance on a candidate's brokerage account, credit card, home equity line of credit, or other lines of credit described in 11 CFR 100.83 and 100.143; and
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(g) The principal campaign committee of the candidate shall report the receipt of any bank loan obtained by the candidate or loan of money derived from an advance on a candidate's brokerage account, credit card, home equity line of credit, or other lines of credit described in 11 CFR 100.83 and 100.143, as an itemized entry of Schedule A as follows:(1) The amount of the loan that is used in connection with the candidate's campaign shall be reported as an itemized entry on Schedule A.(2) 11 CFR 100.83(c) for special reporting rules regarding certain loans used for a candidate's routine living expenses.
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(f) The principal campaign committee of the candidate shall report its repayment to the candidate or lending institution of any bank loan obtained by the candidate or loan of money derived from an advance on a candidate's brokerage account, credit card, home equity line of credit, or other lines of credit described in 11 CFR 100.83 and 100.143 as an itemized entry on Schedule B.
Citations to §100.83(c)
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(2) 11 CFR 100.83(c) for special reporting rules regarding certain loans used for a candidate's routine living expenses.