The payment of credit given by creditors / banks cannot possibly
be paid on the due date. To minimize the risk that generated by the stuck
credit, to take care of the bank condition remains efficient and well, to
protect the fund mustered by the bank properly as well, one of the efforts
in giving protection and the rule of law for creditors / banks rapidly with
light expense, is to strengthen the credit guarantee institution in the
Implementation of Guaranteed Rights on Land and Objects which are
related to Land caused by Undang-Undang Nomor 4 Tahun 1996.
The execution of guaranteed rights on credit guarantee as one of
efforts of the law protection for creditors finds some problems, the one is,
has the Implementation of Guaranteed Rights in Execution caused by
Undang-Undang Nomor 4 Tahun 1996 given the Law Protection for
Creditors in the way of dealing with the stuck credit?
This is a study about normative law which is characterized in
descriptive analysis. It is descriptive because this study is expected to
explain clearly how The Law Protection for Creditors in the
Implementation of Guaranteed Rights in Execution caused by UndangUndang
Nomor 4 Tahun 1996 is. It is analysis because the data obtained
has been analyzed in qualitative. From the study, it is known that the Implementation of Guaranteed
Rights in Execution caused by Undang-Undang Nomor 4 Tahun 1996 has
given the law protection for creditors by giving the free will to banks /
creditors by their virtue of power to conduct the sale of guaranteed
rights object, or the execution on guaranteed rights which is executed
based on the executorial title on the certificate of guaranteed rights, or
creditors conduct the sale of guaranteed rights objects based on the
agreement between the creditors and the owner of guaranteed rights that
gives the advantageous intention to all parties.
In the execution on guaranteed rights by parate execution, debitors
should be also protected deservedly on their rights for getting the high
enough selling price according to their desire as the giver of guaranteed
rights and the owner of guaranteed rights object as well.
Keyword: Law Protection, Creditor, Execution on Guaranteed Rights.