Agreement on Home Loan (KPR) Due to Natural Disaster (Case Study in North Lombok Regency)

Abstract

The objectives of this research are to analyse the obstacles that occur in the implementation of the agreement on Home Loan (KPR) when natural disaster occurs and to analyse the settlement of bad debt between the bank and the debtor when the physical KPR is severely damaged due to natural disaster especially those that occurred in North Lombok Regency. The research approach used in this study is the statute approach, conceptual approach, sociological approach, and case approach. The settlement of bad debt, between the bank and the debtor when natural disaster occurs in the North Lombok area that causes physical damage to the KPR, is that the bank rescues the bad Home Loan (KPR) by restructuring and giving a grace period in accordance with the Authority Regulation of Financial Services (POJK) No. 45/POJK.03/2017 concerning Special Treatment of Loans or Bank Financing for certain regions in Indonesia that are affected by natural disaster. Then, the debtor, in terms of settling this bad debt, does not make a written request for the rescue efforts offered by the bank. If this rescue effort is unsuccessful, the next solution, carried out by the bank on the physical Home Loan (KPR) which affected severe damage due to the earthquake in the North Lombok area, is to submit to the debtor to write-off the loan agreement.