ACT ON THE PROTECTION OF FINANCIAL CONSUMERS
CHAPTER V PROTECTION OF FINANCIAL CONSUMERS
조문단위인쇄
| Article 42 (Special Case concerning Small-Amount Dispute Cases) |
When a mediation proceeding has commenced with regard to a dispute that meets all the following requirements, the institution subject to mediation shall not file a lawsuit before a draft mediation agreement is proposed under Article 36 (6): Provided, That the same shall not apply where a written notice has been given under Article 36 (3) or no draft mediation agreement has been proposed within the period specified in Article 36 (5): | 1. | The application for mediation has been filed by an ordinary financial consumer; |
| 2. | The value of the right or interest asserted through mediation is not greater than the amount specified by Presidential Decree within a maximum of 20 million won. |