Jeonse fraud victims guaranteed at least one third of the deposit — effective 13 November 2026 | apply for the shortfall
From 13 November 2026, a jeonse fraud victim whose auction dividends, claim recoveries and public support together fall short of one third of the deposit can apply to the Ministry of Land, Infrastructure and Transport for the shortfall. It also applies to victims recognized before the effective date. A decision is made within 90 days of application, extendable once by up to 30 days if documents need supplementing.
Conditions used in the video
- Effective date
- 2026-11-13
- Promulgated
- 2026-05-12
- Basis
- Jeonse Fraud Victims Act Article 25-9 (new)
- Minimum guarantee
- one third of the deposit
- Amounts added together
- dividends and priority repayment + recoveries on the deposit claim + public support
- Apply to
- the Korea Land and Housing Corporation (LH), delegated by the 2026-10-06 decree · victims recognized before the effective date may also apply
Results
- Guaranteed floor
- one third of the deposit
- Shortfall
- one third − recoveries and support → apply and receive
- Decision deadline
- 90 days · one 30-day extension if documents are supplemented
- Excluded ①
- a victim who bought the property
- Excluded ②
- a victim who filed no demand for distribution
- After receiving
- no public rental support · repay if the deposit is recovered
Why it works this way
Today a recognized jeonse fraud victim who receives auction dividends and public rental support still has no floor on how much of the deposit comes back. A junior-ranked tenant with almost no dividend and housing-only support can lose most of the deposit.
Jeonse Fraud Victims Act Article 25-9 (effective 2026-11-13).
- Minimum guaranteedeposit × one third
- Recoveries and support addeddividends and priority repayment + claim recoveries + public support
- Shortfallapply to the Ministry and receive it
If the total already reaches one third, there is no support payment.
On application, the Ministry decides within 90 days whether to pay. If documents need supplementing, the deadline is extended once by up to 30 days. Victims recognized before the effective date can apply from that date.
The application limits in Article 25-9 and repayment under Article 25-11.
- Bought the propertya victim who won or bought the home is excluded
- No demand for distributionexcluded if no demand was filed in the auction or public sale
- After receivingno public rental support · repay if the deposit is recovered
The demand-for-distribution limit applies from the first auction commencement or public sale notice after the effective date (Addenda Article 5).
This video and page describe a measure that has been promulgated but has not taken effect. Details may change through a decree or notice.
In short, from 13 November 2026 jeonse fraud victims are guaranteed one third of the deposit as a floor and apply for the shortfall. Missing the demand for distribution forfeits eligibility.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Jeonse Fraud Victims Act Article 25-9 (Minimum guarantee support)
In force Effective 2026-11-13 (promulgated 2026-05-12; Addenda Article 1 proviso)
Where the sum of amounts received through opposability and priority repayment, amounts recovered on the deposit claim, and support under Articles 25, 25-2 and 25-3 falls short of one third of the deposit, a victim may apply to the Minister for the shortfall. Excluded: those who bought the property, those who filed no demand for distribution, and those who received advance payment. Decision within 90 days, extendable once by up to 30 days. Receiving support bars public rental support.
What this means
The gap below one third is filled on application. Omitting a single demand for distribution closes this door.
Jeonse Fraud Victims Act Addenda Articles 4 and 5 (Application)
In force 2026-11-13
Article 25-9 also applies to victims recognized before the effective date. The exclusion for failing to demand distribution applies from the first auction commencement decision or public sale notice after the effective date.
What this means
Victims already recognized can apply. The distribution limit starts with auctions and public sales that begin after the effective date.
Run it on your own numbers
The calculator opens with these conditions already filled in. Change the figures and your own case comes straight out.
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Frequently asked
How much is guaranteed on a ₩300M deposit?
The minimum guarantee is one third, ₩100M. If dividends, recoveries and support already received fall short of ₩100M, you apply for the difference.
I have already been recognized as a victim. Can I apply?
Yes. Under the addenda it also applies to victims recognized before the effective date. Apply from that date.
What if I did not file a demand for distribution?
You cannot apply. Anyone who filed no demand for distribution in the auction or public sale is excluded. This limit applies from the first auction commencement or public sale notice after the effective date.
What if I later recover the deposit?
The support received must be repaid up to the amount recovered. Receiving the support also bars public rental support.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.