Law of agreemenT adheres the open system principle which ensure the freedom of contract
according to article 1338 paragraph (1) BW, the prinsiple provides opportunities for each party
including bank to arrange the standards of agreement. The standard perceived buedensome
because of no existence of bargaining positionbetween public as dedtor bank as creditor.
Unfortunately this kind of agreement still continued in banking practice.
This is a normative study on reconstruction of loan standard agreement based on equity that
theoretic prescriptively using statute approach. In order to identify legal principles and norms
specific on legal agreement, particularly on bank loan contract based on equity.
This study aims to identify factors related to why bank loan standard contract is not based on
ecuity yet. It also analyze the weakness of standard contract on loan distribution and how
reconstructions of bank loan contract establised with equity principles.
Thia study shows that (1) the standard of bank loan contract is not based on equity value. There is
no bargaining position where agreement content in previous causal where made in from, so that
the costomer pocition imbalanced wite bank as creditor. (2) The weakness of loan kontract mainly
restricted by constitution and regulasions of bank of Indonesia. These weadness consequence in
determining content agreement, both of consumer and bank do not have any freedom which
contradict with open system principle of contrary freedom principle. (3) Value reconstruction of
standard of loan contract to adopt equity value is loan agreement based on creditor and debtor
willing equally. The legal reconstruction is by reconstruct article 6 abjad b of constitution number
10/1998 aboud banking, and repeal form latter of OJK number 13/SEOJK.07/2014 about standard
agreement becouse inexistence of balance protection.
To ensure legal certainty, reconstruction through bank loan agreement could be done through (1)The arrangement of standard in bank loan agreement sould be write formally by customer or their
representative, the content sould be standardize into causal which already negotiated before. The
hand sidnature soulh be done in front of public notary or in the office of public notary. (2) Bank
loan agreement sould not be confined by constitution and regulations of bank of Indonesia. Those
regulations regulate the operational of bank and sould not regulate the content of bank agreement,
because it is agreement law, in cluding bank loan agreement which adhere open system with its
freedom of contract. (3) Government and Parliament sould refise article 6 abjad b Act number
10/1998 about banking to protect creditor and debtor balance in giving loan.
Keywords: agreement, loan, bank, standard,