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https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2418/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2418 - Open financial lease—Turning in of chattel; le... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2418 - Open financial lease—Turning in of chattel; lessee’s responsibilities | In the event the leased chattel is turned in, the lessor shall be bound to dispose of it, meeting the requirements in § 2424 of this title entitled “Procedures to sell”. In this case, the lessee’s responsibility shall consist in answering for one of the sums provided herein, as the case may be.
(1) The difference betwe... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2419/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2419 - Language | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2419 - Language | Every lease shall be drafted in Spanish or English, according to the lessee’s preference.
History —Aug. 13, 1994, No. 76, § 21, eff. 60 days after Aug. 13, 1994. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2421/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2421 - Consumer lease—Delinquency | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2421 - Consumer lease—Delinquency | In the consumer leases, the lessee shall pay the rate agreed upon in the contract when due. Ten (10) days after its due date, it shall be deemed overdue. Once it is overdue, the lessor shall notify the lessee in writing of delinquency and shall grant him/her a term of twenty (20) days to pay the outstanding payment or ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2422/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2422 - Consumer lease—Lessee’s liability for failure ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2422 - Consumer lease—Lessee’s liability for failure to comply | If the lessee fails to comply with the consumer lease, the lessor may rescind the contract and recover the following sums from the lessee:
(a) In case of voluntary surrender of the leased chattel:
(1) The total amount of the rates owed under the leased contract less the financing charges not accrued at the moment of su... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2423/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2423 - Repossession procedure | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2423 - Repossession procedure | (a) In the financing leases, the lessor shall have the option to file a repossession procedure by presenting a sworn and written statement declaration before the Clerk of the Court of competent jurisdiction in the case, stating that the lessee has not met the terms of the lease contract.
(b) Upon receiving the sworn st... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2424/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2424 - Financial lease—Procedure for the sale of asse... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2424 - Financial lease—Procedure for the sale of assets | When the lessee is in default with the lease and the lessor takes possession of the leased chattel whether by surrender or repossession by judicial process, he/she may entertain bids from third parties and shall notify the lessee of them by certified mail. The lessee shall have a term of fifteen (15) days to improve th... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2425/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2425 - Consumer lease—Advanced liquidation | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2425 - Consumer lease—Advanced liquidation | A lessee who is not in arrears nor delinquent may settle the lease before the term originally established in the contract under the following circumstances:
(1) Through the payment of the present value of the contract as of the due date; in which case, the lessor shall not be able to collect interest on the portion of ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-220/2426/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426)›§ 2426 - Penalties | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 220 - Regulation of Personal Property Lease Contracts Act (§§ 2401 — 2426) › § 2426 - Penalties | Any natural or juridical person, who intentionally violates the provisions of this chapter, shall be guilty of a misdemeanor and upon conviction shall be punished with a fine not greater than five hundred dollars ($500) or imprisonment for a term that shall not exceed six (6) months, or both penalties, at the discretio... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-221/2431/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435)›§ 2431 - Explanatory estimate | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435) › § 2431 - Explanatory estimate | No person engaged in the business of repairing personal property shall receive for analysis or repair any personal property whatsoever without handing to the owner a receipt specifying the following:
(a) Cost of the estimate, if any.
(b) Whether the amount charged shall be applied or not to the cost of the repair.
(c) ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-221/2432/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435)›§ 2432 - Authorization | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435) › § 2432 - Authorization | [No person engaged in the business of repairing personal property shall repair said personal property without the prior and written authorization of the owner, after making the corresponding repair estimate.]
History —Aug. 31, 2000, No. 272, § 2. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-221/2433/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435)›§ 2433 - Charging without repair, prohibited | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435) › § 2433 - Charging without repair, prohibited | No person engaged in the business of repairing personal property shall be impeded from charging an amount of money on account of the estimate when the personal property analyzed is unserviceable.
In these cases, the person shall notify the owner of the condition of the personal property and return the property for the ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-221/2434/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435)›§ 2434 - Secretary of Consumer Affairs; faculties, duties | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435) › § 2434 - Secretary of Consumer Affairs; faculties, duties | The Secretary of Consumer Affairs is hereby empowered to see to the compliance of the provisions of this chapter, by using all powers and faculties that have been conferred to him/her by virtue of §§ 341—341w of Title 3, known as the Consumer Affairs Department Organic Act.
History —Aug. 31, 2000, No. 272, § 4. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-221/2435/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435)›§ 2435 - Penalties | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 221 - Regulation of Furniture Repair Business (§§ 2431 — 2435) › § 2435 - Penalties | Any violation of the provisions of this chapter shall be punishable by the imposition of an administrative fine, for up to a maximum of ten thousand dollars ($10,000) per infraction, by the Department of Consumer Affairs, pursuant to the provisions of the organic act of said Department. The amounts of money collected o... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2451/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2451 - Definitions | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2451 - Definitions | For the purposes of this chapter, the following terms shall have the meaning set forth below:
(1) Lessor. — Means the person who regularly provides the use of property through lease contracts with purchase option, and who initially receives the lease payments according to the lease contract with a purchase option.
(2) ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2452/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2452 - Inapplicability of other laws; exempt transactions | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2452 - Inapplicability of other laws; exempt transactions | (a) Other laws. — The lease contracts with purchase option of a year or less as defined by this chapter, shall not be governed by the following laws:
(1) Sections 2401 et seq. of this title, known as the “Regulation of Personal Property Lease Contracts Act”.
(2) Sections 996 et seq. of this title, known as the “Persona... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2453/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2453 - Disclosure | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2453 - Disclosure | (a) Requirements for disclosure. — For each lease contract with purchase option, the lessor shall disclose the following information in the contract, as applicable:
(1) The total number, the total amount, and the term of all the lease payments needed to acquire the property.
(2) A statement that the lessee shall not be... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2454/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2454 - Format requirements | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2454 - Format requirements | (a) Information to be disclosed. — The information to be disclosed as required by this chapter must be disclosed in a lease contract with a purchase option, and shall:
(1) Be done clearly, conspicuously, and its provisions shall be ordered in a logical and separate manner as is appropriate for reading and clarity.
(2) ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2455/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2455 - Blank spaces | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2455 - Blank spaces | All the blank spaces in the forms of the lease contract with a purchase option shall be filled out before said lease contract with a purchase option is signed. The blank spaces that have been provided for entries or terms that do not apply to the contract shall be crossed out.
History —Apr. 13, 2000, No. 67, § 6, eff. ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2456/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2456 - Advertisements | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2456 - Advertisements | (a) Prohibition. — An advertisement for a lease contract with purchase option shall not declare nor imply that a specific item is available in specific quantities or terms unless the lessor usually and customarily offers, or will offer said item in said amounts or terms. This prohibition applies to promotions carried o... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2457/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2457 - Reinstatement rights of the lessee | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2457 - Reinstatement rights of the lessee | (a) Reinstatement. — A lessee who does not meet the lease payments on time, may reinstate the original lease contract with purchase option without losing any right or option acquired previously on the original lease contract with a purchase option, if the following requirements are met:
(1) After having failed to make ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2458/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2458 - Prohibited provisions | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2458 - Prohibited provisions | A lease contract with a purchase option shall not include a provision:
(1) Requiring a judgment by consent.
(2) Authorizing a lessor or an agent of the lessor to commit a breach of the peace when repossessing the leased property.
(3) Waiving a defense, counterclaim, or right that the lessee could have against the lesso... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2459/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2459 - Early purchase option | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2459 - Early purchase option | If a lease contract with a purchase option provides an early purchase option, the lessor shall divulge the formula used to calculate the early purchase option sale price.
History —Apr. 13, 2000, No. 67, § 10, eff. 30 days after Apr. 13, 2000. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2460/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2460 - Exempt transaction | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2460 - Exempt transaction | This chapter does not apply to lease agreements in which the person who leases the property has no legal right to become its owner.
History —Apr. 13, 2000, No. 67, § 11, eff. 30 days after Apr. 13, 2000. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2461/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2461 - Prohibited provisions; nullity | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2461 - Prohibited provisions; nullity | Any provision prohibited by this chapter in a lease contract with a purchase option shall be null, but said nullity shall not affect the effectiveness of the lease contract with a purchase option.
History —Apr. 13, 2000, No. 67, § 12, eff. 30 days after Apr. 13, 2000. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2462/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2462 - Receipts, acknowledgement of total payment | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2462 - Receipts, acknowledgement of total payment | (a) Receipts. — The lessor shall give or remit to the lessee a receipt for any cash payment. The lessor shall also furnish him/her, upon request by the lessee, a list of all the charges, payments, and their dates related to the lease contract with a purchase option. The lessor may charge the lessee a fee of five dollar... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2463/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2463 - Granting of reasonable attorney’s fees and costs | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2463 - Granting of reasonable attorney’s fees and costs | A lease contract with a purchase option may provide for the payment of reasonable attorney’s fees in cases of contempt, and costs, if referred to an attorney for collection. Reasonable attorney’s fees and other expenses shall be granted to the prevailing party in any action related to a lease contract with a purchase o... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2464/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2464 - Waiver prohibited; exclusion | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2464 - Waiver prohibited; exclusion | (a) Waiver. — Any waiver of this chapter by the lessee shall be contrary to public policy, shall have no effect, and shall be null.
(b) Exclusion. — If any of the provisions of this chapter or its application to any person or circumstance were found to be unconstitutional, the rest of the chapter and the application of... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2465/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2465 - Penalties; grace period; limitation of liability | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2465 - Penalties; grace period; limitation of liability | (a) Penalties. — The Secretary may impose an administrative fine on any person who violates the provisions of this chapter, which shall not exceed five thousand dollars ($5,000) for each violation.
(b) Violations. — In the event of any violation of the provisions of this chapter related to any transaction, the lessee i... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-222/2466/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466)›§ 2466 - Model contract | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 222 - Rent-to-Own Contracts Act (§§ 2451 — 2466) › § 2466 - Model contract | The Secretary shall adopt through regulations a model lease contract with purchase option within sixty (60) days following the approval of this act, which shall include the requirements established by this chapter. Said contract shall be used as a model by every person or entity engaged in the leasing of personal prope... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2501-2518/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§§ 2501—2518 - Repealed. Act Sept. 21,... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › §§ 2501—2518 - Repealed. Act Sept. 21, 2010, No. 136, § 6.4, eff. 60 days after Sept. ... | (a) Liquid assets. — Means money in cash and bank deposits.
(b) Service charges. — Means the amount of money or commission that a person engaged in the “check-cashing business” charges his/her clients as payment for the services he/she renders in that capacity.
(c) Check. — Means a bill of exchange or order drawn again... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2502/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2502 - Applicability and exclusions | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2502 - Applicability and exclusions | (a) Applicability. — This chapter shall apply to every person engaged in check-cashing business activities, as said term is defined in this chapter.
(b) Persons excluded. — The following persons or entities may engage in check-cashing business activities without being subject to the provisions of this chapter:
(1) Bank... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2503/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2503 - Obtention of license; excepti... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2503 - Obtention of license; exceptions | No person, except those excluded under § 2502(b) of this title, may engage in check-cashing business activities in the Commonwealth of Puerto Rico, as a service rendered in exchange for payment of compensation, without having previously obtained a license issued by the Commissioner as provided below. Any person who on ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2504/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2504 - License application and fee | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2504 - License application and fee | (a) Contents of the application. — The application for a license to engage in the “check-cashing business” shall be completed under oath and be filed at the Office of the Commissioner. The same shall state the full name of the applicant and the address of the main business office in Puerto Rico in which its accounting ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2505/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2505 - Processing of application | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2505 - Processing of application | (a) Issuing of license. — After the application has been filed and the fees have been paid, the Commissioner shall conduct the investigations he/she deems necessary and, if he should find that the reputation, moral soundness, financial accountability, experience, character, and general aptitude of the applicant are suc... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2506/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2506 - Annual licenses | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2506 - Annual licenses | (a) Contents. — Each license shall bear the name of the concessionaire and the address of the office in Puerto Rico where the business shall be conducted. The license shall be untransferable and shall be posted in a conspicuous place within the business establishment.
(b) Renewal. — Each license shall remain in effect ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2508/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2508 - Concessionaire—Duties | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2508 - Concessionaire—Duties | (a) Inspections. — Every concessionaire under the provisions of this chapter shall have the obligation of making available to the Commissioner for his/her inspection, the accounting books, records, documents, and any other data that he/she deems necessary to perform his/her supervisory function, and allow the Commissio... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2509/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2509 - Concessionaire—Additional dut... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2509 - Concessionaire—Additional duties and obligations | All concessionaires under the provisions of this chapter shall comply with the following duties and obligations:
(1) Their relationship with their clients shall be deemed to be of a fiduciary nature, and they will be required to carry out their functions with the highest degree of diligence, care, loyalty, and pecuniar... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2510/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2510 - Service rates | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2510 - Service rates | (1) The service fee a concessionaire may charge or collect for cashing checks shall be determined according to open market conditions.
History —Aug. 11, 1996, No. 119, § 11, renumbered as § 10 and amended on Aug. 12, 1997, No. 73, § 1, eff. 30 days after Aug. 12, 1997. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2511/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2511 - Prohibited practices | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2511 - Prohibited practices | No concessionaire subject to the provisions of this chapter shall:
(1) Grant loans or credit, deduct negotiable instruments or other debt instruments, or engage in any activity allowed solely to banks under §§ 1 et seq. of Title 7.
(2) Engage in his/her cash-checking business in an establishment where small personal lo... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2512/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2512 - Transfer or control of capita... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2512 - Transfer or control of capital | (a) Any transaction whose outcome is a change in the person who operates the business shall be subject to authorization by the Commissioner after an evaluation of the application to that effect, which shall be considered as if it were a new application for a license. In such case the new applicant shall comply with the... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2513/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2513 - Relinquishing, revocation or ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2513 - Relinquishing, revocation or suspension of license | (a) Any concessionaire may relinquish his/her license through a written notice to the Commissioner, who may order and conduct an inspection of the business before accepting the relinquishment of the license. If after the inspection, it is found that the concessionaire has incurred any violation of law, the Commissioner... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2514/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2514 - Powers of the Commissioner | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2514 - Powers of the Commissioner | In addition to the powers and faculties conferred to the Commissioner by the Organic Act, he/she shall have the power to:
(1) Conduct investigations on alleged violations of this chapter at the request of an interested party or motu proprio, as well as any other investigations needed for the sound enforcement thereof.
... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2515/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2515 - Cease and desist orders | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2515 - Cease and desist orders | After it has been determined that a concessionaire has incurred a violation of this chapter, or an administrative order or resolution, or regulations approved thereunder, the Commissioner may issue an order to cease and desist against the defendant and prescribe the corrective terms and conditions which he/she determin... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2516/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2516 - Regulations | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2516 - Regulations | The Commissioner shall issue the regulations he/she deems are necessary for compliance of the provisions of this chapter.
History —Aug. 11, 1996, No. 119, § 17, renumbered as § 16 on Aug. 12, 1997, No. 73, § 1, eff. 30 days after Aug. 12, 1997. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2517/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2517 - Reconsiderations and review | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2517 - Reconsiderations and review | All matters concerning the administrative hearing procedures, adjudicative procedures, and reconsiderations and review of orders and resolutions issued by the Commissioner shall be governed as provided in §§ 2101 et seq. of Title 3, known as the “Commonwealth of Puerto Rico Uniform Administrative Procedures Act”, and t... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-301/2518/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518)›§ 2518 - Penalties | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 301 - Commissioner of Financial Institutions—Check Cashing Businesses (§§ 2501-2518 — 2518) › § 2518 - Penalties | The Commissioner is hereby authorized to impose and collect administrative fines of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) for any violation of the provisions of this chapter or of the provisions contained in the rules and regulations promulgated by virtue thereof.
When the... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2521-2527/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§§ 2521—2527 - Repealed. Act June 29, 2012, No. 128, ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › §§ 2521—2527 - Repealed. Act June 29, 2012, No. 128, § 2, eff. June 29, 2012 | History —Aug. 12, 2000, No. 171, § 2; Aug. 10, 2002, No. 159, § 2; Sept. 15, 2004, No. 304, § 1; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2522/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§ 2522 - Program—Purpose | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › § 2522 - Program—Purpose | The Compulsory Registry for Merchants and Businesses Program shall be responsible for preparing a registry consisting of an inventory in which statistical data may be identified and published, such as: number and amount, sales volume and type of services or company which entrepreneurs and other businesses are engaged, ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2523/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§ 2523 - Registry—Scope | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › § 2523 - Registry—Scope | It shall be obligatory for any natural or juridical person whose business operates, or has its main business location in the Commonwealth of Puerto Rico, to register in the Compulsory Registry for Merchants and Businesses and to submit to the Puerto Rico Trade and Export Company the information the latter may require n... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2524/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§ 2524 - Rules and regulations | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › § 2524 - Rules and regulations | The Executive Director of the Puerto Rico Trade and Export Company shall be the official responsible for drafting and submitting the rules and regulations for the approval of the Secretary of the Department of Economic Development and Commerce. The regulations adopted shall provide for the establishment and collection ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2525/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§ 2525 - Funds | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › § 2525 - Funds | A special fund is hereby created which shall be known as the “Compulsory Registry for Merchants and Businesses Fund”. This fund shall be administered pursuant to the rules and regulations adopted by the Puerto Rico Trade and Export Company, attached to the Department of Development and Commerce, in harmony with the pro... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2526/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§ 2526 - Internet access | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › § 2526 - Internet access | The Executive Director of the Puerto Rico Trade and Export Company, when designing the operations of the Registry, shall make available to those natural or juridical persons who must provide the information required for registering, electronic means so they may access said information in the Internet. The Executive Dir... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-302/2527/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527)›§ 2527 - Powers, penalties and research | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 302 - Compulsory Registry for Merchants and Businesses (§§ 2521-2527 — 2527) › § 2527 - Powers, penalties and research | The Secretary of the Department of Development and Commerce is hereby authorized to establish through regulations and pursuant to the recommendations made by the Executive Director of the Trade and Export Company, the fees for searching for information and/or any other specialized services through the Registry. The Sec... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2552/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2552 - Powers of the Commissioner [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2552 - Powers of the Commissioner [Repealed] | History —Aug. 6, 1996, No. 106, § 3; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2553/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2553 - Licensing requirement [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2553 - Licensing requirement [Repealed] | History —Aug. 6, 1996, No. 106, § 4; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2554/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2554 - Excluded entities [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2554 - Excluded entities [Repealed] | History —Aug. 6, 1996, No. 106, § 5; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2555/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2555 - Requirements to obtain a license [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2555 - Requirements to obtain a license [Repealed] | History —Aug. 6, 1996, No. 106, § 6; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2556/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2556 - Applications [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2556 - Applications [Repealed] | History —Aug. 6, 1996, No. 106, § 7; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2557/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2557 - Fees, statements and bond [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2557 - Fees, statements and bond [Repealed] | History —Aug. 6, 1996, No. 106, § 8; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2558/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2558 - Investigation to issue license [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2558 - Investigation to issue license [Repealed] | History —Aug. 6, 1996, No. 106, § 9; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2559/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2559 - Continuity of the bond and other requirements [Repe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2559 - Continuity of the bond and other requirements [Repealed] | History —Aug. 6, 1996, No. 106, § 10; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2560/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2560 - Annual license [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2560 - Annual license [Repealed] | History —Aug. 6, 1996, No. 106, § 11; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2561/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2561 - Change in control [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2561 - Change in control [Repealed] | History —Aug. 6, 1996, No. 106, § 12; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2562/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2562 - Waiver of license [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2562 - Waiver of license [Repealed] | History —Aug. 6, 1996, No. 106, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2563/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2563 - Agents [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2563 - Agents [Repealed] | History —Aug. 6, 1996, No. 106, § 14; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2564/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2564 - Responsibilities of the concessionaire and the agen... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2564 - Responsibilities of the concessionaire and the agent [Repealed] | History —Aug. 6, 1996, No. 106, § 15; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2565/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2565 - Revocation or suspension of licenses [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2565 - Revocation or suspension of licenses [Repealed] | History —Aug. 6, 1996, No. 106, § 16; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2566/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2566 - Existing contracts [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2566 - Existing contracts [Repealed] | History —Aug. 6, 1996, No. 106, § 17; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2567/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2567 - Inspections [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2567 - Inspections [Repealed] | History —Aug. 6, 1996, No. 106, § 18; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2568/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2568 - Corrective orders [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2568 - Corrective orders [Repealed] | History —Aug. 6, 1996, No. 106, § 19; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303/2569/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569)›§ 2569 - Fines and penalties [Repealed] | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303 - Act to Regulate Money Transfer Businesses (§§ 2551-2569 — 2569) › § 2569 - Fines and penalties [Repealed] | History —Aug. 6, 1996, No. 106, § 20; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303a/2571/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574)›§ 2571 - Definitions | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574) › § 2571 - Definitions | (a) Micro-business.— Means a business of goods or services whose annual gross sales do not exceed five hundred thousand dollars ($500,000) and has seven (7) employees or less.
(b) Small business.— Means a business of goods or services whose annual gross sales exceed five hundred thousand dollars ($500,000) but not do n... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303a/2572/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574)›§ 2572 - Inventory of commercial establishments by... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574) › § 2572 - Inventory of commercial establishments by region | The Trade and Export Company, hereinafter the Company, is hereby authorized to make an inventory of all micro, small, and medium business establishments operating in Puerto Rico, to determine their level of technological modernization and the specific needs of the establishments included in this inventory. The Company ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303a/2573/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574)›§ 2573 - Technological training program | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574) › § 2573 - Technological training program | The Administration shall prepare an integrated program of technological training that shall, incorporate the most modern application of technological practices, such as business-to-business and business-to-consumer electronic trading, operational security and commercial integration through the net, inventory management... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303a/2574/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574)›§ 2574 - Financing Program | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303A - Technical Development of Small and Medium Merchants Act (§§ 2571 — 2574) › § 2574 - Financing Program | The Commercial Development Bank for Puerto Rico, hereinafter the Bank, is hereby authorized to design an individualized financing program for the specific needs of small and medium-size merchants exclusively, for the acquisition of new technology. The Administration, through its Administrator, shall provide a certifica... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-i/2581/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter I - General Services and Definitions (§§ 2581 — 2582)›§ 2... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter I - General Services and Definitions (§§ 2581 — 2582) › § 2581 - Definitions | For purposes of this chapter, the following definitions are hereby adopted:
(a) Liquid assets.— Means assets that can be converted into cash in a short time, with little or no loss in value. These include cash, as well as bank deposits and securities with a maturity of less than three (3) months.
(b) Authorized delegat... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-i/2582/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter I - General Services and Definitions (§§ 2581 — 2582)›§ 2... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter I - General Services and Definitions (§§ 2581 — 2582) › § 2582 - Applicability and excluded entities | (a) This chapter shall apply to any person who offers or provides money services.
Any person who, upon the approval of this act, is operating a money transmitting business authorized under Act No. 106 of August 6, 1996, and/or a check cashing business authorized under Act No. 119 of August 11, 1996, as amended, may con... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-ii/2591/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter II - General Provisions for Licensing (§§ 2591 — 2596)›§ ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter II - General Provisions for Licensing (§§ 2591 — 2596) › § 2591 - License required | No person, except those excluded under § 2582(b) of this title, may engage in any money service business in the Commonwealth of Puerto Rico, in exchange for a service charge, without first obtaining a license issued by the Commissioner as provided below.
History —Sept. 21, 2010, No. 136, § 2.1, eff. 60 days after Sept.... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-ii/2592/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter II - General Provisions for Licensing (§§ 2591 — 2596)›§ ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter II - General Provisions for Licensing (§§ 2591 — 2596) › § 2592 - License application | (a) Persons interested in obtaining a license to engage in any money service business shall file an application with OCFI. Such application shall contain:
(1) The full name, and the residential and mailing address of the applicant.
(2) The business and mailing address, as well as the telephone number of the main office... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-ii/2593/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter II - General Provisions for Licensing (§§ 2591 — 2596)›§ ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter II - General Provisions for Licensing (§§ 2591 — 2596) › § 2593 - Application returned or denied | (a) After evaluating the license application, the Commissioner may return the same to the applicant for any of the reasons below, without it being understood as a limitation:
(1) The application was not filed in accordance with the provisions of this chapter or the rules or regulations promulgated thereunder.
(2) The a... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-ii/2594/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter II - General Provisions for Licensing (§§ 2591 — 2596)›§ ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter II - General Provisions for Licensing (§§ 2591 — 2596) › § 2594 - Issuance of license | (a) If the application is approved, the Commissioner shall issue a license to the applicant to engage in the requested money service business, which license shall include the name of the licensee, the address of the office in Puerto Rico where such business shall be conducted, the date of [issuance], and the expiration... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-ii/2595/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter II - General Provisions for Licensing (§§ 2591 — 2596)›§ ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter II - General Provisions for Licensing (§§ 2591 — 2596) › § 2595 - License renewal | (a) Each license shall remain in effect until its expiration, which shall be at the end of each calendar year.
(b) Every license renewal application, as provided by OCFI, shall be filed on or before December 1 of each year. The same shall include:
(1) A description of any material change to the information submitted to... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-ii/2596/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter II - General Provisions for Licensing (§§ 2591 — 2596)›§ ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter II - General Provisions for Licensing (§§ 2591 — 2596) › § 2596 - Surrender, revocation, cancellation, an... | (a) All licensees may surrender a license by providing a written notice to the Commissioner, who may direct and conduct an examination of the licensee's business before accepting such surrender. If, after the examination, the licensee were found to have committed any violation of law, the Commissioner may revoke such l... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2601/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2601 - Applicability | This subchapter shall apply to any person engaged in the money transmitting business as such term is defined in § 2581 of this title.
History —Sept. 21, 2010, No. 136, § 3.1, eff. 60 days after Sept. 21, 2010. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2602/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2602 - License requirements | To obtain a license to engage in a money transmitting business under this chapter, the applicant shall:
(a) Have a net worth of not less than five hundred thousand dollars ($500,000) calculated in accordance with generally accepted accounting principles;
(b) have liquid assets worth of at least one hundred thousand dol... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2603/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2603 - License application | In addition to the requirements established in § 2592 of this title, every application for a license to engage in a money transmitting business shall be filed together with:
(a) An annual license fee in the amount of two thousand five hundred dollars ($2,500) per office, to be paid by manager's check, certified check, ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2604/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2604 - Bond | (a) Any person who applies for a license to engage in a money transmitting business shall post, together with the application, a bond to vouch for full compliance with the provisions of this chapter and any rules or regulations promulgated thereunder. Said bond shall respond to any person, including OCFI, and shall be ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2605/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2605 - License renewal | In addition to the provisions of § 2595 of this title, every renewal application to engage in a money transmitting business shall include the following:
(a) A list of locations at which authorized delegates carry out such money transmissions.
(b) Evidence that the licensee maintains a net worth of not less than five hu... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2606/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2606 - Additional requirements in case of surren... | If a licensee surrenders his/her license, or if the same is revoked, cancelled, or suspended, he/she shall have the responsibility to notify his/her delegates to immediately cease to provide money services. The licensee must also retrieve all books, files, and documents related to the money transmitting business conduc... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2607/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2607 - Establishment of a separate account | (a) Every licensee shall maintain any money he/she received, either directly or through any of his/her authorized delegates, to carry out money transmissions in a separate account from the time the same are received until the money transmission is carried out.
(b) Every authorized delegate of a licensee shall maintain ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2608/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2608 - Responsibilities of money transmitting bu... | (a) Every licensee shall file a certified report with OCFI that includes the total number of money transmissions carried out, classified by authorized delegate and country of destination, in the format required by the Commissioner from time to time. Such report shall be required by the close of each calendar year and b... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2609/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2609 - Responsibilities and prohibitions of auth... | (a) Every authorized delegate has the duty to:
(1) Act according to the authorization granted through the contract executed with the licensee and in strict compliance with the latter's standards and procedures.
(2) Notify the licensee immediately after any theft or loss of payment instruments or money.
(3) Display in a... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iii/2610/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610)›§ 26... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter III - Money Transmitting Businesses (§§ 2601 — 2610) › § 2610 - Special charge | (a) A two percent (2%) charge is hereby established to be collected and paid by every money transmitting business, for every money transmission processed or completed electronically or by check, money order, fax, air transportation, or other means, from the jurisdiction of Puerto Rico, including any of the municipaliti... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iv/2611/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter IV - Check Cashing (§§ 2611 — 2616)›§ 2611 - Applicabilit... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter IV - Check Cashing (§§ 2611 — 2616) › § 2611 - Applicability and exclusions | (a) This subchapter shall apply to any person engaged in the check cashing business as such term is defined in § 2581 of this title.
(b) In addition to the persons or entities excluded in § 2582(b) of this title, the following persons or entities shall not be subject to the provisions of this subchapter:
(1) Persons or... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iv/2612/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter IV - Check Cashing (§§ 2611 — 2616)›§ 2612 - Requirements... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter IV - Check Cashing (§§ 2611 — 2616) › § 2612 - Requirements to obtain a license to operate a check cashin... | (a) The Commissioner shall issue a license to engage in the check cashing business to any applicant upon determining whether such applicant has met all of the following conditions:
(1) Have a net worth of not less than fifty thousand dollars ($50,000), calculated in accordance with generally accepted accounting princip... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iv/2613/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter IV - Check Cashing (§§ 2611 — 2616)›§ 2613 - License appl... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter IV - Check Cashing (§§ 2611 — 2616) › § 2613 - License application | In addition to the requirements set forth in § 2592 of this title, every application to engage in a check cashing business shall include:
(a) An annual license fee in the amount of five hundred dollars ($500) per office, to be paid by manager’s check, certified check, money order, or bank draft to the order of the Secr... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iv/2614/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter IV - Check Cashing (§§ 2611 — 2616)›§ 2614 - Bond | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter IV - Check Cashing (§§ 2611 — 2616) › § 2614 - Bond | (a) Any person who applies for a license to engage in a check cashing business shall post, together with the application, a bond to vouch for full compliance with the provisions of this chapter and any rules or regulations promulgated thereunder. Said bond, which shall be in the amount of twenty-five thousand dollars (... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iv/2615/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter IV - Check Cashing (§§ 2611 — 2616)›§ 2615 - License rene... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter IV - Check Cashing (§§ 2611 — 2616) › § 2615 - License renewal | In addition to the provisions of § 2595 of this title every renewal application to engage in a check cashing business shall include:
(a) A license fee in the amount of five hundred dollars ($500) per office, to be paid by manager's check, certified check, money order, or bank draft to the order of the Secretary of the ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-iv/2616/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter IV - Check Cashing (§§ 2611 — 2616)›§ 2616 - Responsibili... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter IV - Check Cashing (§§ 2611 — 2616) › § 2616 - Responsibilities and prohibitions of check cashing busines... | (a) Every licensee engaged in a check cashing business shall:
(1) Maintain a separate record of all check cashing transactions carried out, including date, time, and description of each transaction, as well as the number of the identification used by the person requesting the check cashing service. Such identification ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-3/chapter-303b/subchapter-v/2621/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196)›Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633)›Subchapter V - Additional Responsibilities and Prohibitions (§§ 2621... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 3 - Business Regulations Generally (§§ 2001-2016 — 4196) › Chapter 303B - Money Service Business Regulatory Act (§§ 2581 — 2633) › Subchapter V - Additional Responsibilities and Prohibitions (§§ 2621 — 2623) › § 2621 - Additional responsibilities | (a) Every person engaged in the money service business under the provisions of this chapter, including authorized delegates, shall be required to:
(1) Operate his/her business in a commercial facility approved by the Regulations and Permits Administration (ARPE, Spanish acronym) for such activity, where he/she may be l... |
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Unemployment Word Count by State
Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.
CO Title 8 Word Count
Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.