Are you looking for a loan agreement form in Utah? Download our free Utah Loan Agreement Form which is available as PDF or Word documents.The Collateral is described as: 1. A guarantee and collateral agreement is a contract between a lender and a borrower where the borrower guarantees payment or surrenders collateral. This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. A collateral assignment is an act of allocating or transferring ownership privileges of a particular asset or real estate property as collateral for a loan.