Whoever, in bad faith, defaults on a loan granted by a credit provider shall be punished with imprisonment for from 6 (six) months to 5 (five) years or with fine of from 1 00000 (one hundred thousand) CF A francs to 100000000 (one hundred million) CF A francs, or with both such imprisonment and fine.
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 20 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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