(1) A factoring contract shall concern safe, liquid and due trade receivables. However, receivables from
individuals may be the subject of a fac-
toring contract under conditions laid down in a separate instrument.
(2) One or several invoices issued to a customer amounting individually or collectively to at least CFAF 200 000
(two hundred thousand) May be accep-
ted in a factoring contract.
(3) Receivables from companies related to the factor such as subsidiaries and holding companies shall be accepted in a factoring contract only subject to compliance with the regulations in force.
Official text
Transcription: Machine-parsed
In force from 23-04-2014 (date unconfirmed)Source page 2
Section 3 of the Law n°2014/6 of 23 April 2014 governing factoring in Cameroon/akn/cm/act/loi/2014-04-23/2014-006
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.