PERSPECTIVE ON LEGAL CERTAINTY OF COVERNOTE MAKING BY A NOTARY TO REALIZE HIS INDEPENDENCE AS A GENERAL OFFICIAL IN CREDIT AGREEMENTS IN BANKING INSTITUTIONS

Abstract

In general, the collateral used as collateral is in the form of land and/or house certificates. Collateral used as collateral in a credit agreement must be checked first by the bank. Usually, when checking credit guarantees, banks require the assistance of a notary. The role and function of a Notary is very important in helping the government and the public who need Notary services to provide certainty, order and legal protection, which can be made in the form of an authentic deed. A covernote is a closing note that is used as a "temporary" guarantee as proof that someone is guaranteed what has been created before him until it is finished, so once the matter is finished, it means that the covernote has no meaning. The covernote emerged because it started with a credit agreement, where credit guarantees as collateral for the material used as collateral did not yet exist. So the covernote issued by the Notary is used as temporary collateral by the debtor so that the creditor can issue credit loan funds to the debtor.