Exonation Clause in Financing Agreement (Study at Adira Sumbawa)

Abstract

This study aims to review and analyze legal protections for debtors and the legal consequences of credit agreements made with the exonation clause. The type of research used is normative empirical by using statutory, conceptual and sociological approach methods. Types and sources of data / legal materials are carried out using primary data in the form of field data and secondary data is related to the literature of legislation. Analysis of legal materials using qualitative analysis methods. Based on the results of the study, it is known that the legal protection of debtors against the implementation of the exonation clause in the credit agreement at adira finance institutions includes preventive protection and repressive protection. The legal consequences of credit agreements made with the exonration clause in the credit agreement at PT Adira Finance Sumbawa are null and void. Keywords: Exhibitions, Agreements, Financing DOI: 10.7176/JLPG/112-10 Publication date: August 31 st 2021