Abstract
Article 1 of Law Number 2 of 2014 concerning Amendments to Law No. 30 of 2004 concerning the Position of a Notary, states that a notary is a public official who is authorized to make authentic deeds and other authorities. As a public official who is authorized to make authentic deeds and especially in notarial bank credit agreements that provide legal protection for creditors and debtors for strength of evidence and other authorities and to serve the interests of the community. The inhibiting factors for using notary services in the process of granting credit/bank credit agreements are the bank's policy as outlined in the decision letter of the board of directors regarding notary services in the bank credit agreement; the level of risk is credit provided by the bank with guarantees such as movable and immovable objects; the size of the credit value provided by the bank using authentic agreements/notary services and underhand agreements between creditors and debtors are still legalized by a notary.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
