[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2009]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR100.55]

[Page 62]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 100_SCOPE AND DEFINITIONS (2 U.S.C. 431)--Table of Contents
 
         Subpart B_Definition of Contribution (2 U.S.C. 431(8))
 
Sec. 100.55  Extension of credit.

    The extension of credit by any person is a contribution unless the 
credit is extended in the ordinary course of the person's business and 
the terms are substantially similar to extensions of credit to 
nonpolitical debtors that are of similar risk and size of obligation. If 
a creditor fails to make a commercially reasonable attempt to collect 
the debt, a contribution will result. (See 11 CFR 116.3 and 116.4.) If a 
debt owed by a political committee is forgiven or settled for less than 
the amount owed, a contribution results unless such debt is settled in 
accordance with the standards set forth at 11 CFR 116.3 and 116.4.