| (1) | In any case of the following cases, an account holder may raise an objection to the suspension of payment, restriction of electronic financial transactions, or procedure for extinguishment of claims from the date payment is suspended pursuant to Article 4 (1) or electronic financial transaction is restricted pursuant to Article 13-2 (3) to the date on which two months lapses after the date of public announcement referred to in Article 5 (2): <Amended on Jan. 28, 2014; Mar. 13, 2018> |
| 1. | Where the account holder vindicates the relevant account is not used for fraud; |
| 2. | Where the account holder vindicates that he or she received all or part of the claims to be extinguished under Article 9 in return for providing goods or services or acquires by other lawful sources of right with objective materials: Provided, That this shall not apply where he/she is aware of the fact that the relevant account was used for telecommunications-based financial fraud by verifying details of how the account was used for fraud, or transaction behaviors or statement, or where it is deemed that he/she fails to be aware of the fact due to gross negligence. |
| (2) | Where an objection filed under paragraph (1) falls under any subparagraph of paragraph (1), the financial company shall accept the objection and immediately notify the victim who has applied for remedy for losses (including the victim notified to the financial company pursuant to Article 3 (3) or 6 (2); hereinafter the same shall apply) and the Financial Supervisory Service. <Amended on Mar. 13, 2018; May 16, 2023> |
| (3) | Matters necessary for the method and procedure for the account holder to raise objections, etc. shall be prescribed by Presidential Decree. |
[Title Amended on Jan. 28, 2014]