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IMPLEMENTATION AND LEGAL CERTAINTY OF MORTGAGE-BACKED CREDIT AT CANGGU CUSTOMARY VILLAGE CREDIT INSTITUTION Anak Agung Bagus Ari Satya Dharma; I Nyoman Putu Budiartha; I Wayan Kartika Jaya Utama
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 5 No. 11 (2026): OCTOBER
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.23291681

Abstract

This study examines the implementation and legal certainty of mortgage-backed credit at the Village Credit Institution (Lembaga Perkreditan Desa, LPD) of Canggu Customary Village, Bali. The central issue is the tension between Article 9 of Law No. 4 of 1996, which limits holders of Mortgage Rights to individual persons or legal entities acting as creditors, and the LPD's status as a customary-village-owned financial institution that is not expressly designated as a legal entity in the national legal system. Using empirical legal research, the study combines sociological, statutory, and conceptual approaches with interviews, observation, and documentary analysis. The findings show that LPD Canggu applies a structured lending process comprising credit application, debtor and collateral assessment, credit agreement, execution of SKMHT and APHT before a Notary/PPAT, and registration at the Land Office. When default occurs, the LPD prioritizes deliberation, restructuring, and voluntary collateral takeover (AYDA) rather than auction. Operational practice therefore demonstrates social effectiveness but remains normatively uncertain. Clearer legislation is required to define the LPD's legal capacity within the national Mortgage Rights regime while preserving its customary institutional character.
Co-Authors A.A. Media Martadiani, A.A. Media A.A.Rai Sita Laksmi ABDULLAH, Aisudin ABDULLAH, Mohd Kamarulnizam Bin Agung Iriantoro Anak Agung Bagus Ari Satya Dharma Anak Agung Istri Agung Anak Agung Istri Gita Permata Anandra Aptaningsih, Ni Made Indah Arnold Paul Kurniawan Djae ARTANAYA, Wayan Arya Adi Sastra Bongon, Miel S. Carlos M. Raymundo Cokorda Krisna Yudha Cokorda, Krisna Yudha Demosthenes B. Vibandor DEWI, Ida Ayu Permata Winditya Dewisari, Carolina Gracia Dharmawan, I Made Alit Putra Erawati, Ni Putu Tina Ganandhika, Anak Agung Bagus Ryan Gde Deny Larasdiputra I Gusti Agung Wisnu Satria Wangsa I Gusti Putu Ghosadhira Vedhastama I Kadek Angga Aditya Mahendra Putra I Kadek Darmawan I Kadek Dwi Marta Dana Putra I Ketut Kasta Arya Wijaya I Komang Dedi Saputra I Komang Eka Adi Putra I Komang Eka Adi Putra I Made Abdi Nassa Jayantara I Made Aditya Mantara Putra I Made Arnawa I Made Arnawa I Made Mardika I MADE MINGGU WIDYANTARA, I MADE MINGGU I Made Pria Dharsana, I Made Pria I Made Sara I Made Suniastha Amerta I Made Suwitra I Nyoman Alit Puspadma I Nyoman Alit Puspadma I Nyoman Putu Budiartha I Nyoman Sukandia I Putu Arik Adi Wiguna I Putu Wira Dharma Putra Yudha I Wayan Rideng I WAYAN SUARJANA I Wayan Sujana I Wayan Werasmana Sancaya I Wayan Wesna Astara Ida Ayu Mas Sri Patni Ida Ayu Permata Winditya Dewi Ida Bagus Gede Agustya Mahaputra Ida Bagus Gede Wiswamitra Idris, Siti Hafsyah Indah Permatasari Indah Permatasari Johannes Ibrahim Kosasih Kadek Ariesta Dwi Anggara Ketut Adi Wirawan, Ketut Adi Komang Krisna Yustika Putra Kusumantara, I Komang Arya Leovigildo C. Sentelices Luh Putu Sudini MAHENDRA, I Komang Arya Sentana Marcelo Roland C. Villafuerte MATARAM, I Gede Arie Miel S. Bongon Muliana, I Wayan Ni Gusti Agung Ayu Wulan Ananda Pratiwi Ni Kadek Arisya Citra Repinta Ni Kadek Erika Manggala Ni Luh Made Mahendrawati Ni Nengah Seri Ekayani Ni Putu Ayu Bunga Devy Maharani Nyoman Bagus Ngurah Arya Dinata Nyoman Bagus Ngurah Arya Dinata Pande Putu Mia Dita Sari Pasupati, Bayu Permatasari, Made Intan Prasetyo Ramanda Pratama, Putu Rama Ari Purba, Ida Bagus Gde Indra Wedhana Putra, Made Panji Ambara Putu Ayu Sriasih Wesna Ray Dio Sanjaya Raymundo, Carlos M. Riasning, Ni Putu Ribeiro, Leonito Ryskiaden Markus Selamet, I Ketut Senastri, Ni Made Jaya Sentelices, Leovigildo C. Sigit Sapto Nugroho Siti Hafsyah Idris Styawati, Ni Komang Arini Sujana, I Nyoman Susanthi, I Gusti A.A. Dian Tjokorda Gede Agung Sayogaditya Widya Pramana Putra Vibandor, Demosthenes B. Vibandor Villafuerte, Marcelo Roland C. Widiati, Ida Ayu Putu Wijayani, Putu Megabalinda Pradnya Wiryani, Made Yasaputri, Ni Putu Widari YUDHA, I Putu Wira Dharma Putra