LEGAL PROTECTION OF CONSUMERS THAT OBTAIN MONEY FROM ILLEGAL ONLINE LOAN
Muhammad Reza Syariffudin Zaki & Kevin Girvan Igorio

Bina Nusantara University


Abstract

OJK supports the government^s call to ask the public not to pay arrears and interest if they have already borrowed money from unlicensed online loans or illegal loans., So therefore illegal online loans are not a valid civil legal object and do not meet the legal objective requirements of an agreement in article 1320 civil code to make an agreement. Based on an analysis above, agreement between online illegal loan and consumers is invalid. Thus, it is considered that there has never been an agreement before and consumers do not have to pay the money that they got from online illegal loan. This research is entitled ^Legal Protection of Consumers That Obtain Money From Illegal Online Loan^, by using normative legal research methods through a statutory approach. The research question is what are the legal basis for the consumers not need to pay for loans provided by illegal online loans? It can be concluded that there are regulation from civil code and POJK which governed about the requirements for the entities to get permit before doing a transaction with the consumers in Indonesia.

Keywords: Consumers, Financial Technology, Illegal Online Loan

Topic: Financial Technology

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