Storage Certificate of Land Rights by the Saddled Mortgage Bank Loan for Redemption Legal Certainty in Padang

Abstract

The current global economic development makes people who have businesses need a lot of capital to achieve profits, this encourages people to borrow money from banks by providing collateral. The guarantee is in the form of a certificate of land title, and the bank will charge a mortgage for the certificate of land title, and the bank will keep the certificate of land title that has been encumbered with the mortgage until the customer's credit is paid off. The bank keeps the certificate of land rights in order to overcome the urgency that will occur if the customer defaults, and the bank will be faster in executing the collateral execution process, therefore the bank keeps the certificate of land title. The bank is also fully responsible for the storage of the land certificate, if the land certificate is lost by the bank, the bank will be responsible for managing the issuance of a new certificate, which in the process must obtain approval from the right holder whose name is recorded in the land book, as well as the parties the bank is responsible for costs incurred in the process of processing the issuance of the new certificate. In accordance with applicable regulations and with interviews that have been conducted with the bank and also the customer. The bank is very careful in settling customer credit and also in the process of storing land title certificates, and the bank has also anticipated default by customers by keeping land certificates as a form of urgency for the bank in settling customer credit, and also the bank is fully responsible for keep the land certificate in the event that the land certificate is lost, the bank is responsible for arranging the issuance of the new certificate.