(1) Credit ban-related complaints shall first be filed with the credit provider concemed, which shall make a decision and notify the complainant of such decision within15 (fifteen) days ofreceipt ofthe said complaint.
(2) Where the complainant is not satisfied with the decision of the credit institution, he/she may re fer the matter to the Secretary-General of the National Credit Council or any other body in lieu thereof, who shall have 30 (thirty) days within which to notify the decision to the complainant.
(3) Where a borrower considers illegal a ban on credit issued against hirn/her by a credit provider and confirmed by the Secretary-General of the National Credit Council or any other body in lieu thereof, he/she may file an appeal be fore the competent court of summary jurisdiction to seek lifting of the ban.
Official text
Transcription: Machine-parsed
In force from 24-12-2019
Source page 8
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 17 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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