Transferring/Loaning Equipment
Transferring Equipment
University departments transferring ownership of tagged assets from their cost center to another should notify Fixed Assets using one of the following three methods: email, the Assets Moved Form or the Moving Request Form. This notification must include the current cost center or owner, the new cost center or owner, description of the item(s), asset tag number(s) and the new building and room number where the equipment will be located. Fixed Assets will use this information to quickly and accurately update the university equipment inventory system.
 
Loaning Equipment
University departments loaning assets or equipment to anyone should use a written Borrower's Agreement that details the terms of the loan. The Borrower's Agreement should include the following information: Date of the agreement, owner of the equipment and appropriate contact information, borrower of the equipment and appropriate contact information, length of the loan, a detailed description of the loaned item(s), and specifications on any costs associated with the loan. This agreement should clearly indicate the responsibilities of both parties and the liabilities (theft, loss, damage, or items returned in unacceptable condition) that may exist. To submit the Borrower's Agreement online, just go to Contracting Purchasing Forms and click on Borrower's Agreement listed on the page.
 
Contact Fixed Assets at (989) 774-3917 or assets@cmich.edu should you have questions concerning the transfer or loan of CMU assets and equipment.
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CENTRAL MICHIGAN UNIVERSITY

1200 S. Franklin St • Mount Pleasant, Mich. 48859
Phone: 989-774-4000

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