ENFORCEMENT DECREE OF THE STATE CREDIT MANAGEMENT ACT

CHAPTER I GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Decree is to prescribe matters mandated by the State Credit Management Act and matters necessary for the enforcement thereof.

[This Article Wholly Amended on Feb. 11, 2014]

Article 2(Claims governed by provisions regarding reporting) #

"Claims prescribed by Presidential Decree" in the proviso of Article 3 (1) of the State Credit Management Act (hereinafter referred to as the "Act") means claims provided in Article 3 (1) 6 of the Act.

[This Article Wholly Amended on Feb. 11, 2014]

[Moved from Article 3; previous Article 2 moved to Article 3 <Feb. 11, 2014>]

Article 3(Claims equivalent to fines) #

"Claims prescribed by Presidential Decree" in Article 3 (1) 1 of the Act means:

1. Claims accruing from a disposition of notification under Article 15 of the Procedure for the Punishment of Tax Evaders Act, Article 311 of the Customs Act, Article 102 of the Immigration Control Act, Article 163 of the Road Traffic Act, and Article 7 of the Punishment of Minor Offenses Act;

2. Claims covering expenses incurred in criminal litigation under Articles 186 through 194 of the Criminal Procedure Act;

3. Claims accruing from judgment of provisional payment under Article 334 of the Criminal Procedure Act;

4. Claims accruing from orders to pay expenses under Articles 151 and 177 of the Criminal Procedure Act;

5. Claims accruing from decisions to confiscate security deposit under Article 103 of the Criminal Procedure Act;

6. Claims covering expenses incurred under Article 42 of the Juvenile Act;

7. Claims accruing under Articles 143 and 391 of the Military Court Act.

[This Article Wholly Amended on Feb. 11, 2014]

ENFORCEMENT DECREE OF THE STATE CREDIT MANAGEMENT ACT

Article 1(Purpose) #

Article 2(Claims governed by provisions regarding reporting) #

Article 3(Claims equivalent to fines) #

Article 3-2(Scope of savings and deposits) #

Article 4(Claims to which this Act does not apply) #

Article 5(Scope of claims to which this Act does not apply) #

Article 6(Delegation of management) #

Article 7 #

Article 8(Handing over claims management affairs) #

Article 9(Cases where claims management officer may concurrently serve in a cash handling position) #

Article 10(Notice of accrual or vesting of claims) #

Article 11(Claims management books) #

Article 12(Claims not required to be recorded in books) #

Article 13(Payment notices) #

Article 14(Claims not requiring payment notices) #

Article 14-2(Overdue debts subject to entrustment of collection) #

Article 14-3(Method for entrustment of overdue debt collection duties) #

Article 14-4(Restrictions on scope of persons who can be entrusted with overdue debt collection duties) #

Article 14-5(Entrustment fees for overdue debt collection duties) #

Article 14-6(Termination of entrustment of overdue debt collection duties) #

Article 14-7(Audit of entrusted agencies) #

Article 15(Claim of guarantor’s performance) #

Article 16(Requests for proceedings for disposition on delinquency) #

Article 16-2(Collection prior to payment deadline) #

Article 17(Types of collateral and methods of valuation) #

Article 17-2(Method for providing collateral) #

Article 18(Procedures for suspension of management) #

Article 19(Circumstances in which management may be suspended) #

Article 19-2(Order of priority in collection of claims) #

Article 20(Notification of extinction of claims) #

Article 21(Provision of data on delinquency or suspension of management) #

Article 21-2(Preparation of delinquency or management suspension data files) #

Article 21-3(Requests for data on delinquency or suspension of management) #

Article 22(Claims ineligible for deferment agreement) #

Article 23(Procedures for deferment agreement) #

Article 24(Deferment agreement for claims payable in installments) #

Article 25(Type of collateral for deferred payment and procedures for provision of collateral) #

Article 26(Interest rates on deferred payment) #

Article 27(Debtors eligible for exemption from providing collateral for deferred payment) #

Article 28(Debtors eligible for exemption from paying interest on deferred payment) #

Article 29(Circumstances in which acquiring enforceable title is unnecessary) #

Article 29-2(Measures for acquisition of enforceable title) #

Article 30(Conditions attached to deferment agreement) #

Article 31(Release) #

Article 32(Scope of claims eligible for exemption from payment of overdue charges) #

Article 33(Matters to be stipulated in contracts) #

Article 34(Report on current amount of claims) #

Article 35(Settlement of claims extinguished within the closing period for receipt and disbursement) #

Article 36(Payment of monetary awards) #

Article 37(Consultation on statutes or regulations concerning claims management) #

Article 38(Processing of personally identifiable information) #