Article 20-3Deposit by an Entrusted Party under a Contract on the Entrustment of Business Deposits

①If a licensed installment seller that concludes a contract on the entrustment of business deposits as a preservative measure for advances received, falls under one of Article 27, paragraph (1), items (i) through (iv) inclusive, or if a person with the right referred to in Article 21, paragraph (1) or such a licensed installment seller files a notification indicating that the licensed installment seller falls under Article 27, paragraph (1), item (v) or item (vi), the Minister of Economy, Trade and Industry must issue public notice to persons with the right referred to in Article 21, paragraph (1), without delay, indicating that any such person must file a claim with the Minister of Economy, Trade and Industry within a fixed period of not less than sixty days, and that failure to file a claim within that period excludes a person from the process by which rights are exercised in connection with the preservative measures for advances received concerning the public notice.

②If the Minister of Economy, Trade and Industry issues public notice under the provisions of the preceding paragraph, the minister, without delay, must instruct the entrusted party under the contract on the entrustment of business deposits with the relevant licensed installment seller to make a business deposit for prepaid services based on that contract on the entrustment of business deposits by the last day of the period during which the filing of claims to which the public notice concerns must be made; provided, however, that this does not apply if the entrusted party has already made the business deposit for prepaid services on receipt of the instructions under the provisions of the following paragraph.

③If the Minister of Economy, Trade and Industry finds it to be necessary for the preservation of a person's claims arising under a contract for prepaid installment sales that the person has concluded with a licensed installment seller, the minister may instruct the entrusted party under a contract on the entrustment of business deposits with that licensed installment seller to make a business deposit for prepaid services based on the contract on the entrustment of business deposits within a designated time frame, in a case beyond what is prescribed in the main clause of the preceding paragraph.

④If the entrusted party under a contract on the entrustment of business deposits is given an instruction under the provisions of the main clause of paragraph (2), it must make the business deposit for prepaid services based on the contract on the entrustment of business deposits by the last day of the period during which the filing of claims to which the public notice under the provisions of paragraph (1) concerns must be made, and if it is given an instruction under the preceding paragraph, it must make that deposit within the time frame designated pursuant to that paragraph.

⑤When the entrusted party under a contract on the entrustment of business deposits makes a business deposit for prepaid services pursuant to the provisions of the preceding paragraph, it must submit a copy of the deposit statement showing the receipt of the deposit to the Minister of Economy, Trade and Industry.

⑥The provisions of Article 16, paragraph (1) apply mutatis mutandis when a deposit is made pursuant to the provisions of paragraph (4). In this case, the phrase "the principal business office" in paragraph (1) of that Article is deemed to be replaced with "the principal business office of the licensed installment seller".