(1) ln addition to the collection conditions provided for Section 11 above, the credit provider or any other persan concerned shall have no more than 60 (sixty) days to institute criminal proceedings against the borrower of bad faith, failing which it shall be precluded from doing so.
(2) The credit provider and/or borrower may request a discbiitinuance of proceedings pursuant to Section 64 of the Criminal Procedure Code, upon repayment of loan by the borrower, subsequent to the start of proceedings instituted against the latter and prior to delivery of a ru ling on the merits.
(3) The discontinuance of proceedings referred to in Sub-section 2 above shall not preclude the possibility for the court so seised to pronounce a ban on credit against the delinquent borrower -concerned for a period of no less than 1 (one) year and no more than 5 (five) years.
Official text
Transcription: Machine-parsed
In force from 24-12-2019
Source page 10
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 28 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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