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630m — Puerto Rico Law | CourtGPT
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  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part III - Other Financial Institutions/
  6. Chapter 64 - Reestablishment of Credit Agencies § 630 - Definitions/
  7. 630m
Puerto Rico Legal Code

630m

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All credit repair agencies established pursuant to the provisions of this chapter shall comply with the following duties and obligations:(1) Relations with the customer shall be considered to be in the nature of a trust and the agencies shall be required to exercise their functions with utmost diligence, care, loyalty and monetary benefit for the customer.(2) Have an office or location where they may be reached during office hours and keep the same in conditions appropriate for receiving customers.(3) Keep and maintain at the office or place of business all reports, books, records, registers, documents, papers or other evidence pertaining to the business.(4) Prepare and submit to the Office of the Commissioner any report required by him/her on the business and their operations.(5) Comply with any order or decision issued by the Commissioner. History —Aug. 31, 2004, No. 236, § 15, eff. 60 days after Aug. 31, 2004.