Is debt collection compulsory execution possible?

Even if you have notarized the loan certificate, you cannot immediately carry out debt collection compulsory execution unless it is a promissory note notarized deed.

This is because the notarization of a loan certificate only has the effect of proving the existence of the monetary loan agreement, and does not in itself give the authority to forcibly recover the claim in case of default.

However, if you prepare a promissory note notarized deed expressing consent to compulsory execution when preparing the loan certificate, this deed becomes an executive title and you can proceed with debt collection and compulsory execution without separate litigation procedures.

The promissory note notarized deed is prepared by a notary by attaching a note/check, with the original copy delivered to the creditor, the certified copy to the debtor, and the original kept by the notary.

Through this, when the debtor does not perform the repayment, you can immediately proceed with debt collection compulsory execution without separate litigation, reducing delays and uncertainty in the claim recovery process.

It is good to confirm specific methods, procedures, and whether enforcement is possible related to debt collection compulsory execution by consulting with a debt collection specialist attorney.

For related details, please confirm through consultation with a debt collection specialist attorney.