Proceedings of the First International Conference on Technology and Educational Science, ICSTES 2018, November 21-22 2018, Bali, Indonesia

Research Article

Implementation of Unregistered Fiduciary Guarantee Reviewed From Law Number 8 of 1999 about Consumer Protection

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  • @INPROCEEDINGS{10.4108/eai.21-11-2018.2282280,
        author={Elis Herlina},
        title={Implementation of Unregistered Fiduciary Guarantee Reviewed From Law Number 8 of 1999 about Consumer Protection},
        proceedings={Proceedings of the First International Conference on Technology and Educational Science, ICSTES 2018, November 21-22 2018, Bali, Indonesia},
        publisher={EAI},
        proceedings_a={ICTES},
        year={2019},
        month={3},
        keywords={fiduciary security unregistered consumer protection},
        doi={10.4108/eai.21-11-2018.2282280}
    }
    
  • Elis Herlina
    Year: 2019
    Implementation of Unregistered Fiduciary Guarantee Reviewed From Law Number 8 of 1999 about Consumer Protection
    ICTES
    EAI
    DOI: 10.4108/eai.21-11-2018.2282280
Elis Herlina1,*
  • 1: Universitas Islam Nusantara
*Contact email: elisherlina1504@gmail.com

Abstract

In its practice, it was unilateral fiduciary security object seizure. Besides, the fiduciary security had not been registered. It literally harms consumers and does contradict with the Law Number 8 of 1999 on the Consumer Protection. This research aims to find out and review the imposition of unregistered fiduciary security from the perspective of Law Number 8 of 1999 on the Consumer Protection. This was analytical, descriptive research with normative juridical approach, while the data collection technique in use was literature research. The research result concluded that the imposition of unregistered fiduciary security has infringed the Article 2, Article 4, Article 18 clause (1) letter d, Article 18 clause (1) letter h as well as Article 18 clause (2) of the Law Number 8 of 1999 on the Consumer Protection and in this case, the financing institution may be imprisoned for 5 (five) years or charged with criminal fine amounting to Rp. 2.000.000,0 (two million rupiah) as set out under the Article 62 of Law Number 8 of 1999 on the Consumer Protection