INKRAH Law · UU Hak Tanggungan · Undang-Undang No. 4 Tahun 1996

Article 6 — Right to Sell on Default

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Bahasa Indonesia

Apabila debitor cidera janji, pemegang Hak Tanggungan pertama mempunyai hak untuk menjual obyek Hak Tanggungan atas kekuasaan sendiri melalui pelelangan umum serta mengambil pelunasan piutangnya dari hasil penjualan tersebut.

English (British)

If the debtor defaults, the first mortgage holder has the right to sell the mortgaged object on its own authority by public auction and to recover its claim from the proceeds of that sale.