Abstract:

The purpose of this paper is to analyze, identify, and elaborate on the concept of escrow or escrow accounts including escrow agreements in relation to buying and selling transactions in Indonesia and to examine the role of Notaries as providers of escrow services in buying and selling transactions in Indonesia based on the prevailing laws and regulations. apply. This paper is a paper that used a normative legal research method using a statutory approach, a conceptual approach and an analytical approach. The results of the study show that the concept of escrow service is a service provided by a neutral or impartial third party with the aim of storing documents, securities, goods or money, based on a written agreement between the seller, buyer and escrow holder, where the agreement contains instructions on the procedures and conditions for the delivery of documents, securities, goods or money to certain parties, as well as the authority of a notary as a provider of escrow services in buying and selling transactions is not regulated in UUJN-P especially in Article 15 UUJN-P does not explain that a notary is authorized as escrow service provider in buying and selling transactions, so in other words a Notary does not have the authority to become an escrow service provider in buying and selling transactions.

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