Provides details of all loans received and provides additional details for a loans received in excess of $100. If receiving a loan in excess of $100, must include the loan ID (if any), annual rate of interest, time period of loan, description of repayment schedule and information for each person responsible for this loan.
Loan (§130.011(20) RSMo):
- A transfer of money, property or anything of ascertainable monetary value in exchange for an obligation, conditional or not, to repay in whole or in part and which was contracted, used or intended for use in an election campaign, or which was made or received by a committee or which was contracted, used or intended to pay previously incurred campaign debts or obligations of a candidate or the debts or obligations of a committee.
- A loan from a candidate or another lender may be repaid from committee funds or forgiven by the creditor (if forgiven, obtain written statement and keep with records)
- Includes candidate’s own money or property loaned to the committee
- The definition of contribution includes loans (See §130.011(11) for full definition of contribution). The receipt of any loan over $5,000 must be reported electronically via the 48 Hour Report of Contribution Received over $5,000 and carried over and reported in the next full disclosure report.
- 130.041.1(3)(f) RSMo – Report to include a listing of each loan received by name and address of the lender and date and amount of the loan. For each loan of more than one hundred dollars, a separate statement shall be attached setting forth the name and address of the lender and each person liable directly, indirectly or contingently, and the date, amount and terms of the loan.
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