The concept analysis of foreclosed collateral based on the perspective of mortgage right law

This research aimed to analyze the concept of Foreclosed Collateral based on Law Number 4 of 1996 concerning Mortgage Rights over land and objects related to the land. This research used Normative legal research methods. The approach used was a conceptual approach and a statutory approach. This research showed that implementing Foreclosed Collateral is essential because it can help the Debtors and Creditors avoid losses. Furthermore, Foreclosed Collateral, as regulated in Article 12 A of Banking Law, is related to provisions of Article 12 of Mortgage rights law, as long as the foreclosure is carried out according to the procedures specified in Article 20 of Mortgage rights law. Therefore, aligning the norms by forming government regulations regarding Foreclosed Collateral by the provisions of Article 12 A Paragraph 2 of Banking Law is necessary.