skip navigation
Here's how you know US flag signifying that this is a United States Federal Government website

An official website of the United States government

Here's how you know

Dot gov

The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

SSL

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

How to report

Loan principal and interest payments


All loans received by a committee must be itemized and continuously reported until the loan is repaid. When a committee is paying off a loan, principal payments and interested are reported separately.

Reporting on candidate forms

House and Senate committees report loan principal payments on Form 3, Schedule B for Line 19(a) or 19(b), as well as on Schedule C for Line 13(a) or 13(b). Interest payments are reported on Schedule B for Line 17.

Principal payments

Payments to reduce loan principal must be itemized, regardless of amount, on a Schedule B for the appropriate category of loan repayment. Line 19(a) itemizes repayments for loans made or guaranteed by the candidate. Line 19(b) itemizes repayments for all other loans.

fe121_2.png

Schedule B shows a $5,000 payment on a loan from the candidate, Martha Washington. The committee disclosed the payment on Schedule B supporting Line 19(a) and added a clear purpose of “loan repayment.”


In addition, payments to reduce principal must be reported on Schedule C for Line 13(a) each reporting period until the loan is repaid.

fe122_2.png

Schedule C shows the original loan balance of $20,000, the $5,000 payment, and an outstanding balance at the end of the reporting period of $15,000.

Interest payments

Interest paid on a loan is reported as an operating expenditure on Line 17. Interest payments will be itemized on Schedule B for Line 17 once payments to the payee aggregate over $200 in an election cycle.

fe123_2.png

Schedule B shows a $150 interest payment for the loan from the candidate.  Since the committee pays interest regularly, this interest payment will be itemized on Schedule B for Line 17 because the committee’s disbursements to this payee exceed $200 for the election cycle.

If the committee is not paying interest as it is incurred, outstanding interest will be reported as a debt on Schedule D until it is repaid (see debt reporting examples).

Reporting with FECFile

To report loan principal payments, go to the Loan/Debts tab, right click on the loan being repaid, click “Loan/Debt payments…”, and click “Add New…” This will add the loan payment as a disbursement on Schedule B and will reduce the amount owed on Schedule C.

To report interest payments, go to the Summary Page, right click on “Line 17 Operating expenditures,” and select “add new.”

}