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661b — Puerto Rico Law | CourtGPT
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  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. 661b
Puerto Rico Legal Code

661b

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The Secretary shall adopt the regulations needed and consistent with the purposes of §§ 661—661f of this title, which shall become effective when they are approved by the Governor. The regulations shall establish the criteria and procedures to be used in determining eligibility, so that these families may pay up to a minimum of what is equivalent to five percent (5%) of the annual interest. History —June 14, 1980, No. 141, p. 527, § 3.