Juridical Analysis of Implementation of Multi-Purpose Financing Agreements at PT. Sinarmas Mataram Branch

Abstract

This research aims to analyze the implementation of multipurpose financing at the Mataram branch of Sinarmas Multifinance, as well as to analyze the settlement in the event of a debtor defaulting in a multipurpose financing agreement at Sinarmas Multifinance Mataram branch. By using empirical legal research methods. The results of this research show that the implementation of multi-purpose financing agreements in multi-finance companies begins with good intentions between the two parties entering into the agreement. Settlement of disputes if the debtor defaults on the financing agreement, in this case PT. Sinarmas Multifinance has made its own rules in accordance with the provisions for the execution of fiduciary guarantees in PT multipurpose financing agreements. Sinarmas Multifinance is stated in the terms and conditions of the multipurpose financing agreement providing funding facilities in the provisions of Article 6. Multipurpose agreement made by PT. Sinarmas Multi Finance Mataram Branch is legally strong enough to protect its interests and conversely its protection for consumers is very weak, however the practice/procedure or mechanism of the multipurpose agreement implemented by PT. Sinarmas Multi Finance Mataram Branch has created a weak position for debtors. Apart from that, the execution process at PT. Sinarmas Multifinance Mataram Branch does not wait for the Court's Decision, which according to the rules in the execution process must first wait for the competent Court's Decision. multipurpose agreement, the parties, both creditors and debtors, should understand their respective rights and obligations and be responsible for implementing the agreement as agreed in good faith and complying with the prohibitions contained in the agreement so as not to cause disputes that cause losses to the parties.