What Is AYDA On A Bank That Is The Solution To Completion Of Credit Congestion?

Illustration of property that is used as collateral (Photo: Special)

YOGYAKARTA DO you know what AYDA is at the bank? AYDA is an acronym for Agunan to be taken over. AYDA is included in the bank's productive assets used to settle bad credit.

Agunan Taken Over (AYDA) is an asset obtained by banks, either through auctions or outside auctions based on voluntary submission by collateral owners or based on the power to sell outside the auction from collateral owners in the event that customers do not fulfill their obligations to the bank.

This is stated in Bank Indonesia Regulation Number 9/9/PBI/2007 concerning Amendments to Bank Idonesia Regulation Number 8/21/2006 concerning Quality Assessment of General Bank activation which Implements Business Activities Based on Sharia Principles.

From the above understanding, it can be concluded that AYDA is a collateral between bank creditors and individual/companies debtors who make debt agreements with guarantees in the form of personal assets or land.

So that in the debt activity, the land assets guaranteed are in the form of an asset in the borrower bank or creditor.

AYDA's condition could occur because the owner of the collateral or debtor was negligent in fulfilling his obligations.

AYDA Mechanisne

The process of transferring collateral goods can be done in two ways, namely:

The mechanism for the auction of debtor's collateral goods can be carried out by the bank without the approval of the credit recipient. Because, in the case of debtors who are injured, the guarantee owner's promise to execute their rights

The auction mechanism itself can be pursued in three ways, including:

Meanwhile, the process of diverting collateral goods through transfers under the hands with the approval of the collateral owner, the mechanism is regulated in Article 20 paragraph (2) of Law Number 4 of 1996 concerning Mortgage Rights (UU HT).

In this article, there are three records of sales under the hands with the approval of the owner of the funds, including:

Not only that, the plan to release collateral must also be announced in at least 2 newspapers. If it is not in accordance with this mechanism, it is null and void. Thus, AYDA's transfer procedure is invalid.

Another thing that needs to be considered is that the power of attorney to sell which is given by the owner of the collateral must not be less than one year old. If this happens, the National Land Agency (BPN) will refuse to buy and sell.

In addition, the power of attorney for selling and the Sale and Purchase Binding Agreement (PPJB) should not be made at the beginning of the credit agreement because it can cancel the agreement.

That's the information about what AYDA is to the bank. Hopefully this article can add insight to the loyal readers of VOI.ID.