Home → 360 → FEC Form 3 Compliance → Proper Data Entry to Forgive a Loan Made By the Candidate
39.3. Proper Data Entry to Forgive a Loan Made By the Candidate
The data entry to forgive a candidate loan is as follows:
1) The original loan receipt must be saved to the candidate's record, not an individual record
2) The receipt must have the following data entry:
Type = Loan
Subtype = Made by Candidate
3) The loan forgiveness transaction must also be a receipt saved to the candidate's record
4) The receipt must have the following data entry:
Type = Loan
Subtype = Forgiveness
5) The two receipts must be linked together using the "Add Transaction Links" tool
This will cause the loan to show an outstanding balance of zero on the Form 3 report.
This page was: Helpful |
Not Helpful