BYU-Hawaii Book Loan Agreement

1. In order to be approved for this book loan, all outstanding university charges for any enrollment period on my student account must be paid in full, and I must be registered for at least 9 credits (4 credits for a term). The credit requirement may be waived if I am in my last period of enrollment prior to graduating and I have completed a Reduced Load form with the Discontinuance Office.

2. If the book loan is approved, the BYU-Hawaii Bookstore personnel will provide me with a charge card with a credit limit in the amount I have indicated on the application.  The credit balance is available after the card is picked up and for 21 calendar days including the first day of school (11 calendar days for a term), and may be used for the purpose of buying textbooks and school supplies for the enrollment period indicated on the application.  I understand that I am responsible for safeguarding the charge card. In the event that I lose or misplace the card, no refund or replacement will be provided and I am responsible for any charges on the card.

3. I understand that the actual amount of the loan charged to my student account will be the total amount that I charge on my Book Loan charge card, not the maximum authorized amount I requested on the application.  I also understand that in the event I return a book purchased with loan funds, I will not receive a cash refund.  The transaction will either reduce my unpaid loan balance, or if the loan is fully repaid, my student account will be credited.

4. By receiving the Book Loan charge card, I am entering into a loan agreement that is legally binding and the full amount borrowed must be repaid to BYU-Hawaii within 60 days from the first day of school for a semester-based loan, or within 45 days from the first day of school for a term-based loan.

5. I understand that if this book loan is not repaid within the specified timeframe, I will be assessed a $50 late fee, my student account will be blocked, and I will not be eligible for future book loans or deferred payment plans.

6. I also understand that any unpaid past due amount is subject to a 9% annual interest charge and could result in collection agency action.  In this situation, I agree to be responsible for the cost of collections and attorney’s fees.

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