Law and Technology (Study on The Use of Online Application Based on Electronic Information and Transaction Law)

Abstract

Developments and advances in the world of technology that are supported by unlimited Internet access have succeeded in providing convenience in various aspects of life, one example of the convenience that is presented in the development of technology is the existence of the application of Online-based Funds Loans (Fintech) which can be downloaded by various parties / Debtors. The presence of this application does not all provide benefits to the debtor or to the people who need it because if there is a delay in debt repayment, the debtor gets psychological, verbal, and threat threats from the Debt collector. The presence of law during society as a set of rules governing peoples lives in all respects without exception, including the delivery of transactions in terms of finances between customers as Debtors and Lenders online. The method used in writing this article is an empirical normative approach that is analyzed qualitatively, legal protection is needed for people who feel aggrieved due to the terror interest that exceeds the maximum limit by making a report to the police and at the same time to the financial services authority to immediately curb loan applications online that can upset the public and also provide administrative sanctions in the form of written warnings, fines, obligations to pay a certain amount of money, restrictions on business activities, and revocation of licenses as listed in article 47 paragraph (1) of the Financial Services Authority Regulation. 77 / POJK.01 / 2016 concerning Information Technology-Based Money Lending and Borrowing Services