Operations at the Trade and Housing Credit Registry automated

Economic governance
Thursday, 22 April 2021 02:50
Operations at the Trade and Housing Credit Registry automated

(Togo First) - Togolese authorities have updated the online platform dedicated to the Trade and Housing Credit Registry (RCCM). The new version allows businesses and individuals to carry out operations, notably those related to movable securities, without the support or prior approval of the Registry of Commercial Court of Lomé.  

Concretely, any registered RCCM user can open an account and/or proceed to registrations, research, amendment, or cancellation without any help or approval from the RCCM-Registry. This was recently disclosed in a note issued by the president of the Commercial Court of Lomé. 

Before the update, the document indicates, users needed to pay  (via Tmoney or bank card) and wait for the Registry’s approval. While the process is now automated, the Court’s registry can ask for some information to be corrected. This is, following an ulterior control by the Registry.

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