POSITION OF LETTER C AS DEBT GUARANTEE REVIEWED FROM LAW NUMBER 4 OF 1996 CONCERNING MORTGAGE RIGHTS
Keywords:
Letter C, Debt Guarantee, MortgageAbstract
For rural communities with minimal assets, land is one of the assets that can be used as collateral for debt. However, until now there are still rural communities who do not have certificates of land rights. Proof of ownership of rural community land rights is usually in the form of a Letter C. Letter C is a land record from the Village Office as the basis for tax collection. Letter C cannot be equated with a certificate of land rights because it does not have perfect legal force, so it is at risk if it is used as collateral for debt. What is the position of Letter C as collateral for debt in terms of Law Number 4 of 1996 concerning Mortgage Rights? To answer these problems, normative legal research methods are used with a statutory approach and data collection uses literature study. The results obtained are that the position of Letter C as collateral for debt in a debt agreement is considered valid if it is agreed by the parties to the debt agreement. The debt agreement is included in the loan agreement so that the legal terms of the debt agreement are the same as the legal terms of the general agreement, while the position of Letter C under the Mortgage Law Article 10 Paragraph (3) is permitted if the encumbrance of the Mortgage is carried out simultaneously with the registration of the landReferences
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