- A. All loans made to a candidate or committee, including loans sourced from a candidate’s own personal funds must be reported.
- B. Contribution limits apply to loans unless the loan is sourced from the candidate’s own personal funds in accordance with Subsection H of Section 1-19-34.7 NMSA 1978.
- C. If a spouse of a candidate co-signs a commercial loan to a candidate pledging community assets as collateral, it is not considered a contribution from the spouse to the candidate as long as the candidate’s interest in the community asset meets or exceed the amount of the loan.
- D. Loan repayments and forgiven loans must be reported separately from other expenditures within the loan module of CFIS.
[1.10.13.16 NMAC - N, 10/10/2017; A, 10/29/2019]