LETHEI Approach: Complexities of Notarial Covernote in Banking Credit Agreements

DOI

10.2991/978-2-38476-519-5_12How to use a DOI?

Keywords

Complexities; Notarial Covernote; LETHEI

Abstract

This article seeks to reconstruct the regulatory framework, specifically by emphasizing the principle of notarial prudence when issuing covernotes. This emphasis serves as a crucial preventive measure against unlawful acts during the binding of banking credit agreements. To measure the utility of a new, integrated structure, we applied the LETHEI approach—Legal, Economic, Technological, Human, Environmental, and Institutional—a model uniquely suited for analyzing systemic weaknesses, reducing legal uncertainty, and addressing inconsistencies in practice. The complex challenges of this study were observed in Belu Regency, East Nusa Tenggara, Indonesia, a region representative of underdeveloped areas facing multifaceted problems. Our methodology employed a Mixed Methods Analysis and the support of Multicriteria Policy Analysis software. Data were obtained through field studies at the National Land Agency Office and in-depth interviews with expert informants, including Notaries, Bank Officials, Customers, Policy Stakeholders, and Legal Experts. To support the argument, this article also discusses the concepts of natural law, legal certainty, and virtue ethics based on notarial covernote practices and relates them to policies in other countries. The results show that Legal—Restruct obtained an average score of 18.9, followed by Technology—Notary Cyber and Human—Integrity with a score of 18, as the most dominant strategies. The LETHEI framework is used not only in analyzing policies but also in designing policy designs based on a holistic, collaborative, and anticipatory approach.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Agustinus Bambang Hendrianto
AU  - Adi Sulistiyono
AU  - Albertus Sentot Sudarwanto
PY  - 2025
DA  - 2025/12/29
TI  - LETHEI Approach: Complexities of Notarial Covernote in Banking Credit Agreements
BT  - Proceedings of the 3rd International Conference on Law, Economics & good Governance (ICLAW 2025)
PB  - Atlantis Press
SP  - 148
EP  - 162
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-519-5_12
DO  - 10.2991/978-2-38476-519-5_12
ID  - Hendrianto2025
ER  -