Adding/Updating a Loan

 

1. Click the loans tab. If the Loans tab isn't visible in the menu bar, perform the steps for Viewing a Candidate or Committee.

 

The Loan Administration page is displayed.

 

2. Perform one of the following:

 

To...	Then...
Add a loan...	In the Loan History section, click the add loan button.   The Loan Entry page is displayed.
Modify a loan...	In the Loan History section, click the update link for the loan you want to modify.   The Loan Update page is displayed.

 

Note: Required fields are indicated by an asterisk * to the right of the label and must be completed.

 

1. In the Loan Entry section, perform the following:

 

• 1. Type the dollar amount of the loan in the loan amount field.

 

• 2. Type the loan's interest rate in the interest rate field.

 

• 3. Type the date you actually received the loan in the date received field.

 

• 4. Perform the following for each Endorser or Guarantor of the loan:

 

1. 1. 1. Type the Endorser's or Guarantor's full name in the full name field.

 

1. 1. 2. Type the Endorser's or Guarantor's address, city, state, and ZIP code in the address/city/state/zip field.

 

1. 1. 3. Type the dollar amount of the loan that is guaranteed in the amount guaranteed field.

 

2. In the Loan Source section, perform the following:

 

1. 1. Click the yes radio button to indicate a loan from a financial institution. If this is not a loan from a financial institution, enter a contribution instead of a loan.

 

1. 2. Enter search criteria into one or more fields to search for a Loan Source. To narrow your search, enter information into as many fields as possible.
      
      The system includes in the search results all names that start with the characters you specify. For example, if you type smith in the name field, the search results will include both Smith and Smithers.
      
      In addition, you can use the "%" character anywhere in your search criteria to expand your search results. For example, if you type "%smith" in the name field, the search results will include all names that contain Smith, such as Smithson or Vansmith.  If you type "s%mith" in the name field, the search results will include all names that start with "s" and include "mith", such as Sutmith.

 

1. 3. Click the search button. To clear the search results to perform another search, click the clear loan source button.

 

If...	Then...
One or more records match the search criteria...	The search results are displayed in the Search Results data grid. If the search results exceed the page's display limit, you can click a page number at the bottom of the grid to view additional results.
If no records match the specified search criteria...	The system displays a message indicating no matching records were found.   Click the clear loan source button to clear the search criteria and perform another search.

 

1. 4. Click the link in the Loan Source Contributor Name column of the data grid for the Loan Source you want to associate to the loan. To assign a different Loan source, Click the clear loan source button to clear the Loan Source's information and perform another search.

 

The Loan Source's information is displayed.

 

1. 5. Click the edit contributor information link.

 

The Contributor fields are displayed in update mode.

 

1. 6. Perform the following as necessary:

 

• 1. 1. Perform one of the following:

 

If...	Then...
The loan is from the Candidate that is associated to this Committee...	Click the yes radio button.   The Loan Source section is populated with the Candidate’s information.
The loan is not from the Candidate that is associated to this Committee...	Click the no radio button.   You must complete at least the required fields in the Loan Source section.

 

The Loan information fields are displayed in edit mode.

 

• 1. 2. Type the Financial Institution's name in the name field.

 

• 1. 3. Type the Financial Institution's address in the address field.

 

• 1. 4. Type the Financial Institution's city in the city field.

 

• 1. 5. Type the Financial Institution's state or Canadian province in the state field.

 

• 1. 6. Type the Financial Institution's ZIP code or Canadian postal code in the zip field.

 

• 1. 7. Click the update loan source button to save the information. To clear the fields and cancel saving the information, click the cancel update button.

 

3. Click the save button to save the loan. To close the page without saving the information, click the return button.

 

Notes: If you update information for a loan that has already been filed, you may be prompted to file an amended report. Required fields are indicated by an asterisk * to the right of the label and must be completed.

 

1. In the Loan Entry section, perform the following as necessary:

 

1. 1. Type the dollar amount of the loan in the loan amount field.

 

1. 2. Type the loan's interest rate in the interest rate field.

 

1. 3. Type the date you actually received the loan in the date received field.

 

1. 4. Perform the following for each Endorser or Guarantor of the loan:

 

• • 1. Type the Endorser's or Guarantor's full name in the full name field.

 

• • 2. Type the Endorser's or Guarantor's address, city, state, and ZIP code in the address/city/state/zip field.

 

• • 3. Type the dollar amount of the loan that is guaranteed in the amount guaranteed field.

 

2. In the Loan Source section, perform the following to modify the Loan Source:

 

• 1. Click the edit loan source information link.

 

The Loan Source fields are displayed in edit mode.

 

• 2. Click the yes radio button to indicate a loan from a financial institution. If this is not a loan from a financial institution, enter a contribution instead of a loan.

 

• 3. Type the Financial Institution's name in the name field.

 

1. 4. Type the Financial Institution's street address in the street field.

 

1. 5. Type the Financial Institution's city in the city field.

 

1. 6. Type the Financial Institution's state or Canadian province in the state field.

 

1. 7. Type the Financial Institution's ZIP code or Canadian postal code in the zip field.

 

1. 8. Click the update loan source button to save the information. To clear the fields and cancel saving the information, click the cancel update button.

 

3. In the Loan Payments section, perform the following to add a loan payment:

 

1. 1. Click the add payment button.

 

The Loan Payment page is displayed.

 

1. 2. Perform the steps for Adding/Updating a Loan Payment.

 

1. 3. Click the return button.

 

The Loan Entry page is displayed.

 

4. Perform the following as necessary:

 

To...	Then...
Add another loan payment...	Click the add payment button.   The Loan Payment page is displayed.   Perform the steps for Adding/Updating a Loan Payment.
Modify a loan payment...	Click the update link in the data grid for the loan payment you want to modify.   The Loan Payment page is displayed.   Perform the steps for Adding/Updating a Loan Payment.
Delete a loan payment...	Click the delete link in the data grid for the loan payment you want to remove.   A confirmation dialog box is displayed.   Click the ok button. To close the dialog box without removing the loan, click the cancel button.   The specified loan payment is removed.

 

5. Click the save button to save the loan. To close the page without saving the information, click the return button.