Saemaeul Geumgo Supports Jeonse Fraud Victims... Auction Postponement and Interest Rate Adjustment

Saemaeul Geumgo announced on the 19th that it has prepared support measures for victims of jeonse fraud, including postponement of auction and public sale for the targeted houses.

In addition to the postponement of auction and public sale, Saemaeul Geumgo plans to adjust interest rates for jeonse loan borrowers who are victims of jeonse fraud starting from today.

Furthermore, if a victim of jeonse fraud wins the bid for the house they live in, Saemaeul Geumgo will provide maximum loan support within the scope recognized by government policies. To prevent future jeonse fraud, the institution will also strengthen screening for multiple debtors and those owning multiple houses. A representative from the Saemaeul Geumgo Central Association emphasized, "We will continue to strive to fulfill our social responsibilities as required by the local community."

Meanwhile, the Financial Supervisory Service announced on the same day that it will promote voluntary postponement of auction and sale (for more than six months) of residences of jeonse fraud victims across all financial sectors. For Saemaeul Geumgo, which is not under the supervision of the Financial Supervisory Service, cooperation will be requested from the Ministry of the Interior and Safety, the relevant authority.

This content was produced with the assistance of AI translation services.