SPECIAL ACT ON THE PREVENTION OF TELECOMMUNICATIONS-BASED FINANCIAL FRAUD AND REFUND OF FRAUDULENTLY OBTAINED ASSETS
조문단위인쇄
| Article 10 (Determination and Payment of Refund for Loss) |
| (1) | The Financial Supervisory Service shall determine the person who is to receive a refund for loss and the amount thereof within 14 days from the date the relevant claims are extinguished pursuant to Article 9 (1) and then notify the victim who has applied for the remedy of loss and the financial company pursuant to Articles 3 (1) and 6 (1) of the details thereof, and the financial company notified of such details shall pay the victim such refund for loss without delay. |
| (2) | Where the sum of loss exceeds the amount of claims extinguished, the refund for loss under paragraph (1) shall be the amount calculated by multiplying the amount of claims extinguished by the ratio of the amount of loss of each victim to the total amount of loss, and in other cases, it shall be the relevant amount of damage. |
| (3) | The Financial Supervisory Service may request a financial company to submit necessary materials to determine the refund for loss under paragraph (2). |
| (4) | Other necessary matters concerning the determination and payment of the refund for loss, etc. shall be prescribed by Presidential Decree. |