Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
654 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seventeen - Housing (§§ 1 — 1546)/
  5. Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets § 651 - Definitions/
  6. 654
Puerto Rico Legal Code

654

Ask AI about this
The adjusted monthly income shall be equal to one-twelfth (1/12) part of the total income of the family after deducting the following credits:(1) 10% of the annual gross income for payroll deductions.(2) $ 300 for each unemployed dependent under 21 years.(3) $ 300 for any member of the family over 65 years with no income.(4) $ 300 for any member of the family physically or mentally disabled.(5) $ 300 for each dependent over 21 years pursuing university studies.The amount of the adjusted monthly income shall be computed at the time of determining the subsidy corresponding to the interested family. History —July 5, 1973, No. 10, p. 771, § 4.