Although the Federal Election Campaign Act does not contain specific recordkeeping requirements for debts and loans owed by (or to) a nonconnected PAC, committees are required to keep detailed records of transactions required to be disclosed on the committee's FEC reports.
The committee must retain records relating to the debts or loans for three years.
11 CFR 104.14(b) Formal requirements regarding reports and statements
This information is not intended to replace the law or to change its meaning, nor does this information create or confer any rights for or on any person or bind the Federal Election Commission or the public.
The reader is encouraged also to consult the Federal Election Campaign Act of 1971, as amended (52 U.S.C. 30101 et seq.), Commission regulations (Title 11 of the Code of Federal Regulations), Commission advisory opinions and applicable court decisions.