You should consult your financial advisor or business controller on how best to structure this type of credit agreement. You should indicate the reason for the deduction, for example. B a cash credit or an advance on a salary or a purchase of shares by the company, etc. However, an employee may have personal reasons for applying for a loan from the company (in case of unforeseen expenses, emergencies or difficulties) and is not obliged to disclose the reasons in detail. A worker may be required to take out a loan from the company under which the employer can deduct from wages. The process makes it necessary to formulate a credit agreement that sets the amount of the loan and what should be deducted from the salary. By signing the loan agreement, the employee confirms that the loan has been obtained and allows the employer to make deductions from the salary on the agreed date. Supplement to the home flex mortgage loan agreement this addition complements the January 1, 2012 mortgage loan agreement (agreement) between the New Hampshire Housing Finance Authority, headquartered at. The employee`s loan agreement makes it legal for the employer to make deductions from the worker`s salary to repay the loan, especially for the jurisdiction where unauthorized deductions from the paycheck are illegal. The presentation of an employee credit agreement allows the employer to easily establish a binding agreement by filling only the spaces. There are generally four types of repayment options: the acknowledgement of the worker`s debt should be signed in order to demonstrate that the money is due and to allow the employer to deduct the payments from the wage. It is therefore important that the employer must obtain written permission to deduct money from a salary…