(1) The ban on credit shall be lifted by the credit provider through a ban lifting letter served on the borrower:
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where the credit ban was pronounced based on circumstances beyond the control of the borrower, particularly due to an error on the part of the credit provider. In such case, the aggrieved borrower may be entitled to reparation before the competent judge;
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upon production of a certificate of regularization. 7
(2) The credit provider shall be required to disclose the information referred to in Sub-section 1 above to the Secretary-General of the National Credit Council or any other body in lieu thereof.
Official text
Transcription: Machine-parsed
In force from 24-12-2019
Source page 7
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 16 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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