Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia

Research Article

Legal Protection for Default Debtors in Online Loan Agreements

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  • @INPROCEEDINGS{10.4108/eai.16-4-2022.2320104,
        author={Joko  Ismuhadi and Faisal  Santiago},
        title={Legal Protection for Default Debtors in Online Loan Agreements},
        proceedings={Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia},
        publisher={EAI},
        proceedings_a={ICLSSEE},
        year={2022},
        month={8},
        keywords={default; online loans; financial technology},
        doi={10.4108/eai.16-4-2022.2320104}
    }
    
  • Joko Ismuhadi
    Faisal Santiago
    Year: 2022
    Legal Protection for Default Debtors in Online Loan Agreements
    ICLSSEE
    EAI
    DOI: 10.4108/eai.16-4-2022.2320104
Joko Ismuhadi1,*, Faisal Santiago1
  • 1: Universitas Borobudur, Jakarta, Indonesia
*Contact email: jisoewarsono@gmail.com

Abstract

The development of information technology in the economic realm, especially related to online loans Fintech peer-to-peer lending platforms have had a positive impact, however there are certain operational challenges, particularly the issue of debtor default. This thesis combines qualitative and quantitative research methods with a normative legal research strategy. Data collection techniques are interviews and literature study, and the method of analysis is qualitative. The findings of this study show that there are still hazards that might hurt both lenders and loan recipients as a result of ambiguous legislation governing Peer-to-peer lending firms that use fintech.