(1) Where his or her commercial transaction relationship, including financial transactions, is terminated and the period prescribed by Presidential Decree has passed, a credit data subject may request the credit information provider or user to delete his or her personal credit information; provided, this shall not apply in any of the cases falling under subparagraph of Article 20-2(2).
(2) Upon receipt of request made under paragraph (1), the credit information provider or user shall delete the relevant personal credit information without delay and notify the result thereof to the credit data subject, without delay.
(3) Where a request by a credit data subject falls under the proviso of paragraph (1), the credit information provider or user shall manage the personal credit information as prescribed by Presidential Decree, such as managing it by separating it from other private credit information, and notify the result thereof to the credit data subject.
(4) Methods of notification to be made under paragraphs (2) and (3) shall be determined and publicly notified by the Financial Services Commission.[This Article Added on Mar. 11, 2015]