Author:
Eka Priambodo, SH., MH.
Advocates and Students of the Doctoral Program in Indonesian Islamic Law
Mortgage is an additional agreement that is attached to a Financing Agreement between a creditor and a Debtor. Mortgage rights have an understanding regulated in Underwriting Rights Act No. 4 of 1996 and the Civil Code, as follows: Article 1 paragraph (1) Underwriting Law:"Underwriting
Rights on land and objects related to land, hereinafter referred to as
Underwriting Rights, are collateral rights charged to land rights as
referred to in Law No.5 of 1960 concerning Basic Agrarian Principles, as
follows or not
the following other objects which constitute a unit with the land for
repayment of certain debts which give a priority position to certain
creditors, to other creditors. "
According to Article 1162 of the Civil Code:"Mortgage rights are a right of right over immovable objects to take compensation from them for the settlement of an agreement."
According to Article 1162 of the Civil Code:"Mortgage rights are a right of right over immovable objects to take compensation from them for the settlement of an agreement."