Use of incomplete promissory notes as collateral in bank loans and their judicial collection

Abstract

Objective: Determine how the use of incomplete promissory notes issued, as collateral in credit operations, significantly favors banking entities in the exercise of exchange action in the Judicial District of Ica. Material and methods: The study was limited to the scope of basic, non-experimental research with correlational design; The sample was non-probabilistic, with surveys being carried out to collect data aimed at banking users who were part of the execution processes in the courts of the Judicial District of Ica. Results: They revealed that there is a very strong positive correlation between the proposed variables, resulting in a value of 0,825 for Spearman's Rho correlation coefficient, which allowed the general research hypothesis to be affirmed. Conclusion: Banking entities, in the province of Ica, require as a condition that users of the financial system issue incomplete promissory notes to document the credits they grant in order to have an effective instrument for the exercise of exchange action, when granting that title. the function of a means of guarantee, putting the borrowers' assets at risk, and an execution instrument to demand its collection in a judicial process after being completed