Jurnal Penelitian Hukum De Jure p-ISSN 1410-5632 e-ISSN 2579-8561 Akreditasi: Kep. Dirjen. Penguatan Risbang. Kemenristekdikti: No:10/E/EPT/2019 Jurnal Penelitian Hukum DE JURE, Vol. 19 No. 4, Desember 2019: 539-562 539 QUO VADIS RESI GUDANG SURAT BERHARGA JAMINAN KREDIT (Warehouse Receipt As Loan Security - Quo Vadis?) Henry Donald Lbn. Toruan; Jamilus Badan Penelitian dan Pengembangan Hukum dan HAM Kementerian Hukum dan Hak Asasi Manusia R.I. Jalan H.R Rasuna Said Kavling 4-5 Kuningan Jakarta Selatan 12940 Telpon : 081286032224, 081318197365 Faksimil : (021) 2526438. henrydonald.lt@gmail.com jamilusbphn@ymail.com Diterima: 16-09-2019; Direvisi: 11-11-2019; Disetujui Diterbitkan: 11-11-2019 DOI: http://dx.doi.org/10.30641/dejure.2019.V19.539-562 ABSTRACT Farmers sometimes have to face the problem of plunging price of food commodities following the harvest season, forcing them to sell their harvested products at very low prices. This problem has been due to the fact that many farmers do not have a warehouse fit to store their harvested products. The proceeds from selling the products have been so low and not enough even to enable them to sow the seeds again, preventing farmers from enjoying improved lives. In view of the problems the farmers often face, the government has issued the Law No. 9 of 2006 that was later amended by the Law No. 9 of 2011 regarding the Law of Warehouse Receipt System or Undang-undang Sistem Resi Gudang (abbreviated as UUSRG). The Warehouse Receipt System is expected to be a solution in addressing the problem of falling price of the commodities following the harvest time by means of allowing the farmers to store their products in warehouses. Warehouse management will issue a warehouse receipt as a document evidencing the title over the goods stored in the warehouse which later may be used as a transferable instrument to secure a loan and the products are the collateral. The law is purported to establish a new legal securities in addition to those already acknowledged in Indonesia, such as mortgage, pledge, fiduciary transfer, and liens. This is due to the fact that the Warehouse Receipt until now has never been used as an instrument that may be charged with any one of such forms of securities. Banks and non-bank financial institutions are still not interested and are hesitant to advance any loan secured by a Warehouse Receipt. The question is, previously it is said that the Warehouse Receipt is transferable, whether the Warehouse Receipt may be referred to as a securities like the other already-acknowledged commercial securities? If the Warehouse Receipt is classified as a securities why the bank until now has not been interested in advancing loans? The method employed to prepare this paper is juridical normative or the method largely known as the literature research. In a juridical normative research there are three kinds of literature materials known as primary, secondary and tertiary materials. This paper is aimed to questioning the existence of Warehouse Receipt which until now has been hardly used as a securities for any loan. The conclusion is that the Warehouse Receipt may be classified as a securities since it is transferable however it is not a kind of commercial securities. A warehouse receipt may be used as a security for a loan, however securing a loan from a bank using this warehouse receipt is quite difficult, because the warehouse receipt does not meet the criteria set by the Banking Law and the Bank Indonesia Law that require ideal and high-quality collateral that is easily liquidated. Keywords : warehouse receipt; securities and loan security.