The FEC has certain character limits in place when it comes to adding notes to transactions. When adding a transaction in ISP, you will see a Compliance Note field. The character limit for this field is 100. However, there is an existing code that will create an additional TEXT entry for the transaction if the Compliance Note character count is greater than 100 characters but not greater than 4,000 characters.
Alternatively, you can add a note for a transaction/multiple transactions in the Note box on the Compliance Reports page when you are setting up your report parameters. Entering a note in this field will also create an additional TEXT entry for the transaction if the Note box character count is not greater than 20,000 characters.
Accrued Expense and Loan Balance Reduction transactions produce an auto-generated TEXT that says, “Outstanding Loan/Debt Amount of {Original Amount} was reduced in the amount of {AE/Loan Balance Reduction Amount} by forgiveness.” This is an FEC requirement.
Character Limit on a FEC Form 99
The Form 99, used to submit a letter to the FEC, has a 20,000-character limit