DA Form 5573 Incoming Loan Agreement

What Is DA Form 5573?

This is a military form that was released by the U.S. Department of the Army (DA) on June 1, 2022. The form, often mistakenly referred to as the DD Form 5573, is a military form used by and within the U.S. Army. As of today, no separate instructions for the form are provided by the DA.

FAQ

Q: What is the DA Form 5573 Incoming Loan Agreement?
A: The DA Form 5573 is a document used to record the details of an incoming loan agreement.

Q: When is the DA Form 5573 used?
A: The DA Form 5573 is used when borrowing equipment or material from another party.

Q: Who needs to fill out the DA Form 5573?
A: Both the borrower and lender need to fill out the DA Form 5573.

Q: What information is included in the DA Form 5573?
A: The form includes information such as the item being borrowed, condition of the item, duration of the loan, and responsibilities of the borrower.

Q: Is the DA Form 5573 legally binding?
A: Yes, the DA Form 5573 is a legally binding document that outlines the terms of the loan.

Q: Can the DA Form 5573 be modified?
A: No, the DA Form 5573 should not be modified without proper authorization.

Q: What happens if the borrowed item is damaged or lost?
A: The borrower is responsible for any damage or loss of the borrowed item and may be required to reimburse the lender.

Q: How long does the loan agreement last?
A: The duration of the loan agreement should be specified in the DA Form 5573.

Q: Can the loan agreement be extended?
A: Yes, the loan agreement can be extended if both parties agree and complete the necessary paperwork.