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It defines the lending department, purpose placeholders, and required return due date. The agreement requires borrowers to keep borrowed items in good condition, return them promptly, and accept that early separation from employment accelerates the due date. It also states borrower liability for replacement and repair costs for loss, damage, destruction, or theft, including payment deadlines and consequences under applicable university policy and collection procedures.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/employee-equipment-loan-agreement-agreement-terms/282087/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/employee-equipment-loan-agreement-agreement-terms/282087.png","ImageObject",442,249,{"name":88,"@type":89},"Bill Black","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the purpose of the equipment loan?","Question",{"text":109,"@type":110},"The lending department provides equipment for a specific purpose stated in the form. The purpose is left as a placeholder to be filled in for the actual loan.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"When must the borrowed equipment be returned?",{"text":114,"@type":110},"The agreement requires prompt return to the designated department by the return due date. If the employee resigns, retires, or is no longer employed before that date, the item(s) become due at that time.",{"name":116,"@type":107,"acceptedAnswer":117},"What happens if the equipment is lost or not returned in good condition?",{"text":118,"@type":110},"The employee is responsible for replacement costs if the equipment is lost, damaged, destroyed, or stolen. If items are not returned in good condition by the due date, the repair or replacement cost becomes due and payable, with further collection consequences if unpaid.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282087,1791161494,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":4,"preview_page_count":4},24189269381491,"https://ap-avatar.wpscdn.com/avatar/160000cf11732dd8392?x-image-process=image/resize,m_fixed,w_180,h_180&k=1788146458752108895","Employee Equipment Loan Agreement  \nName: [1]  \nPhone Number: [3]  \nAddress: [5]  \nEmail Address: [6]  \nEmployee ID: [8]  \nItem(s) Borrowed: [2]  \nDescription(s): [4]  \nDate Borrowed: [7]  \nReturn Due Date: [9]  \nThe [10] Department at James Madison University is lending equipment for the purpose of [11] . In order to maintain the integrity of the department and comply with the copyright law, the following applies to employees who receive equipment from [12], including [13] and any other equipment loaned by [14] .  \nBy signing this form, I agree to keep all [15] equipment loans in good condition. I agree to return item(s) promptly to [16] by the return due date listed above. IfI resign/retire or am otherwise no longer an employee at JMU before the due date, the item(s) will be due at that time.  \nI am responsible for replacement costs if equipment is lost, damaged, destroyed or stolen. If I fail to return [17] materials in good condition by the return due date, the cost of repair or replacement will be due and payable by check payable to James Madison University. Failure to pay will result in deduction from my employee pay per University Policy 4502. Any remaining uncollected balance will result in collection procedures including referral to an outside collection agency or referral to the Office of the Attorney General, Division of Debt Collection pursuant to the Virginia Debt Collection Act, Va. Code §2.2-4800 et seq. I am responsible for all collection fees incurred in collecting my employee account, which may include interest, late fees, and reasonable attorney’s fees.  \nBy my signature I acknowledge that I have received a copy of this agreement and all above listed items. I have read or heard this contract read aloud, and understand the conditions of the agreement. My signature is my commitment to adhere to these responsibilities and terms.  \nPrinted Name: [18]  \nSignature:   Date:    \n[19] Representative:   Date:","cbCaiqHOSox4Fg90","https://ap.wps.com/l/cbCaiqHOSox4Fg90","pdf",179138,"English","# Employee Equipment Loan Agreement\n## Borrower and Loan Details\n## Use, Care, and Return Obligations\n## Costs, Payment, and Collection Consequences\n## Acknowledgment and Signatures","[{\"question\":\"What is the purpose of the equipment loan?\",\"answer\":\"The lending department provides equipment for a specific purpose stated in the form. The purpose is left as a placeholder to be filled in for the actual loan.\"},{\"question\":\"When must the borrowed equipment be returned?\",\"answer\":\"The agreement requires prompt return to the designated department by the return due date. If the employee resigns, retires, or is no longer employed before that date, the item(s) become due at that time.\"},{\"question\":\"What happens if the equipment is lost or not returned in good condition?\",\"answer\":\"The employee is responsible for replacement costs if the equipment is lost, damaged, destroyed, or stolen. If items are not returned in good condition by the due date, the repair or replacement cost becomes due and payable, with further collection consequences if unpaid.\"}]","Employee Equipment Loan Agreement - Agreement Terms | PDF",1789570144]