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ENFORCEMENT DECREE OF THE SPECIALIZED CREDIT FINANCE BUSINESS ACT
조문단위인쇄
 Article 6-7 (Issuance of credit cards and methods of credit card solicitation)
(1) "Matters prescribed by Presidential Decree" in Article 14 (2) 2 (e) of the Act means the following:
1. Whether an applicant for a credit card has a debt which he or she has failed to pay off to the credit card company or other financial institutions (referring to the financial institutions under Article 2 of the Act on the Structural Improvement of the Financial Industry) by the due date (hereinafter referred to as "delinquent debt");
2. If the debt is paid off or reimbursed, methods of such payment or reimbursement.
(2) "Persons who are above the age prescribed by Presidential Decree" in Article 14 (3) 2 of the Act means those who have reached the age of majority and over under Article 4 of the Civil Act; provided, in any of the following cases, a credit card may be issued even to a person under the age of majority (referring to those who are 18 years of age or older in the case of subparagraph 2; and referring to those who are 12 years of age or older in the case of subparagraph 3): <Amended on Oct. 17, 2017; Jun. 11, 2019>
1. Where policies, such as policies for self-support assistance in accordance with Article 38 of the Child Welfare Act, unavoidably require that the State or local governments allow issuance of a credit card;
2. Where his or her employment can be proved as of the date of issuing a card;
3. Where a credit card falling under paragraph (3) 1 (b) is issued for the purpose of functioning as a transportation card under subparagraph 6 of Article 2 of the Act on the Support and Promotion of Utilization of Mass Transit System.
(3) "Requirements prescribed by Presidential Decree" in Article 14 (3) 3 of the Act are as follows: <Amended on Oct. 9, 2012; Sep. 11, 2015; Aug. 4, 2020>
1. The applicant's personal credit score (referring to the score estimated by a credit bureau under subparagraph 5 (a) of Article 2 of the Credit Information Use and Protection Act (excluding a company that engages in specialized credit rating business under Article 5 (1) of the Credit Information Use and Protection Act)) as of the date of application for the issuance of credit cards shall meet the requirements determined and publicly notified by the Financial Services Commission; provided, such requirements shall not apply in any of the following cases:
(a) Where the relevant credit card company can verify, based on objective data, that the applicant has the capability to pay credit card bills, or where the person in question can prove such capability;
(b) Where the Financial Services Commission set credit limits on debit-cum-credit cards in order to provide user convenience to credit card holders;
(c) Where credit cards are issued pursuant to the proviso of paragraph (2);
2. It shall be confirmed whether an applicant is the person in question according to the methods under the latter part of Article 30 (3) of the Enforcement Decree of Credit Information Use and Protection Act.
(4) "Solicitations which are prescribed by Presidential Decree" in Article 14 (4) 2 of the Act means card holder solicitation by a credit card company without confirming whether the applicant is the person in question using a digital signature under subparagraph 2 of Article 2 of the Digital Signature Act (limited to those that can confirm the real name of the user); provided, any case where it can be confirmed that the applicant is the person in question by using identifiable information, such as the issuing authorities for the applicant’s identification card or issuance date thereof, or by receiving signature of the person in question shall be excluded. <Amended on Dec. 8, 2020>
(5) Pursuant to Article 14 (4) 3 of the Act, a credit card company shall not solicit credit card holders using any of the following methods: <Amended on Sep. 29, 2016; May 21, 2024>
1. Solicitations by providing, or on the condition of providing, economic benefit exceeding 10/100 of the annual fee (referring to the average annual fee, if the annual fee is less than the average annual fee for major credit cards) for the credit card in connection with the issuance of the credit card;
2. Solicitations on the streets, such as roads and private roads under Article 2 of the Road Act and Article 2 of the Private Road Act;
3. Solicitations through visits; provided, paying a visit after obtaining prior consent or paying a visit to a workplace shall be excluded herefrom.
(6) Matters relating to the average annual fee under paragraph (5) 1, the scope of the streets under subparagraph 2, the procedures for obtaining prior consent and the scope of a workplace under the proviso of subparagraph 3 shall be determined and publicly notified by the Financial Services Commission.
(7) "Matters prescribed by Presidential Decree" in the main clause of Article 14 (5) of the Act shall be as follows: <Amended on Sep. 17, 2013; Aug. 4, 2020>
1. Terms of transactions, such as annual fee, interest rate, commission, credit limit, payment method, payment date, credit card validity, and personal credit scores;
2. Procedures for raising objections performed by credit card holders or debit card holders when any dispute arises between a credit card company and credit card holders or debit card holders;
3. Matters that can justifiably be blamed on an intentional act, an act of negligence or of gross negligence on the part of credit card holders or debit card holders when their credit cards or debit cards are stolen, lost, forged, or falsified;
4. Grounds for the return of annual fees under Article 6-11 (1), methods of calculation of annual fees to return under (2) of that Act, or deadline for returning such fees under (3) of that Act.
[This Article Wholly Amended on Aug. 5, 2009]