Legal Consequences of Underhand Subrogation by BFI Finance Debtors

Abstract

In general, Non-Bank Financial Institutions are institutions that provide various financial services, but do not have a license as a commercial bank. In its scope, LKBB includes various institutions such as finance companies, insurance companies, venture capital companies, pawnshops, and other financial entities. The problems in this thesis are: What are the legal consequences of underhand subrogation for the parties in a credit agreement? and How is the settlement of debt through subrogation at PT. BFI Finance Indonesia, Tbk Palembang Branch?. The type of research in this thesis is normative legal research supported by interview data. The conclusion obtained is the Legal Consequences of Underhand Subrogation for the Parties in the Credit Agreement at PT. BFI Finance Indonesia, Tbk Palembang Branch, BFI pays off the debtor's debt and holds or takes the BPKB from the old creditor after that makes a new contract and is notarized. with the new agreement, the previous agreement is no longer valid. Furthermore, a new agreement is made by including clauses regarding the terms, conditions and updates regarding the parties contained in the agreement. Debt Settlement Through Subrogation at PT. BFI Finance Indonesia, Tbk Palembang Branch, the procedure is simple, namely BFI simply pays off the debtor's debt and holds or takes the BPKB from the old creditor after that makes a new contract and is notarized. BFI never performs Subrogation to individual creditors, all of which are legal entities, among which are often carried out by ACC Finance and Sinar Mas Multifinance, the rest are banks because in the past there were not too many financing companies