(1) The borrower may repay the fullloan amount at any time, subject to the terms of the loan agreement.
(2) The loan agreement shalllay down the tenns and conditions for early repayment and the order in which advanced payments shall be made. In any case, early repayment may not give rise to an increase in the financial charges borne by the borrower.
(3) The credit pro vider must conduct due diligence to ascertain the origin of the funds used for the earl y repayment of the loan.
Official text
Transcription: Machine-parsed
In force from 24-12-2019
Source page 6
Lex Cameroon does not hold a French version of this provision. You can read an unofficial machine translation — for understanding only, never to quote.
Section 10 of the Law No 2019/021 of 24 december 2019 to lay down some rules governing credit activities in the banking and mico-finance sector in Cameroon/akn/cm/act/loi/2019-12-24/301-law-no-2019-021-of-24-december-2019-to-lay-down-some-rules-governing-credit-activities-in-the-banking-and-mico-finance-sector-in-cameroon
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