Finance institution has independency in establishing a requirement and
determination existing in a consumer finance agreement. The consumer finance
institution is an institution of which in conducting the financing of products
supply for fulfilling consumers’ need is conducted by periodic payment of
installment. The substitution of electronic product to the third parties without the
consideration of finance institution (creditor) is a malpractice action conducted by
the debtor. Thus the part of finance institution can conduct any action of which is
appropriate to what had been agreed and undersigned in the consumer finance
agreement. In conducting executorial action the part of finance institution will
conduct an action of which is appropriate to the requirement and determination
agreed by both parties in the consumer finance agreement. The part of finance
institution (creditor) in this matter will not conduct executorial action of which is
conducted by the finance institution (creditor) keep considering on the legal
regulation and does not violate any valid legal regulation.
By the establishment of the Laws on Fiduciary Insurance it has given
certain purpose. Meanwhile the purpose of the establishment of the Laws on
Fiduciary Insurance is to fulfill the society’s legal needs, to give legal certainty
and to give legal protection to the concerning parties.