(1) Any natural or legal person applying for a loan shall be responsible for the accuracy of the documents and information provided to the credit provider.
(2) In case of a positive response by the credit provider, the loan shall be binding on the borrower and co-obligors. The loan shall be repaid according to the terms and conditions set out in the loan agreement.
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 9 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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