Any person to be dedicated to act as a credit repair agency shall have a bachelor’s degree and two (2) years of experience in the area of credit granting and analysis with a financial institution or five (5) years of experience in said market if he/she lacks the bachelor’s degree. In the case of juridical entities, said requirement shall apply to the principal officer in charge or the person responsible for the daily operations of said entity. The Commissioner may establish other requirements by regulations. History —Aug. 31, 2004, No. 236, § 8, eff. 60 days after Aug. 31, 2004.
Puerto Rico Legal Code