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      Brokerage loans

Brokerage loans Candidates may use funds derived from an advance on their brokerage account, credit card account or other line of credit to finance their campaigns, if the extension of credit is: In accordance with applicable law;Under commercially reasonable terms; andMade by persons who make such loans in the normal course of their business. The candidate’s authorized committee has the option of repaying loans derived from a candidate’s brokerage account or other line of credit directly to the lending institution or to the candidate. All such loans to the committee derived by these methods must be reported by the committee. The committee must report the loan from the candidate as a receipt and repayment of the loan to the candidate as a disbursement.
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          Bank loansPersonal loans from the candidate From the FEC Record Campaign debt
 Need help? Get help from the FEC by phone or email
 Legal citations Regulations 11 CFR 100.83Brokerage loans and lines of credit to candidates 11 CFR 104.3(a)(3)(vii) and (b)(2)(iii)(A)Contents of authorized committee reports


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.


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