(A) Except as provided in divisions (C) and (D) of this section, a loan shall be considered a contribution from the maker and the guarantor of the loan and shall be subject to the contribution limitations of this chapter.
(B) Every loan to a candidate or the candidate's controlled committee shall be by written agreement and such written agreement shall be filed with the candidate's or committee's campaign statement on which the loan is first reported.
(C) The proceeds of a loan made to a candidate by a commercial lending institution in the regular course of business on the same terms available to members of the public and which is secured or guaranteed shall not be subject to the contribution limitations of this chapter.
(D) During the election cycle, no candidate shall personally make loans to the candidate's campaign or the candidate's committee which total more than $10,000.
(E) Extensions of credit (other than loans pursuant to divisions (C) and (D) of this section) for a period of more than 30 days are subject to the contribution limitations of this chapter.
(F) Nothing in this section shall prohibit a candidate from making unlimited contributions to the candidate's campaign from his or her personal funds.
(Ord. 1468, passed 3-2-22)