Responsibilities Of Notaries/PPAT In Credit Agreements and Deeds of Granting Mortgage Rights (Apht) When the Debtor Is in Default

Abstract

In today's industrial era, credit is an integral part of everyday life. For both the wealthy and the less fortunate, credit is a solution to meet basic needs such as clothing, food, and shelter. One of the important credit principles is Collateral. In credit activities that occur in society, it can be seen that generally it is often required to submit credit collateral. Credit collateral will have several functions and one of them is to secure credit repayment if the Debtor defaults. Credit collateral has an important role in securing the return of bank funds. Land is one of the immovable objects that is often used as collateral for credit repayment. Collateral on land is often used to obtain credit facilities because land has a high economic value and always increases over time. Land rights as collateral in the agreement between the Creditor and the Debtor can be bound by using Mortgage Rights. The role and function of notaries/PPATs are important in assisting the government and other parties in need to provide certainty, order and legal protection in making authentic deeds and registering mortgages until the certificate is issued by the Land Agency.