The holder of a contract may, through an agreement with the buyer, extend the due date or defer the payment of all or any of the installments payable under said contract. The extension or deferral agreement shall meet the requirements, if any, provided by the Board through regulations. History —June 19, 1964, No. 68, p. 192, § 2015, renumbered as § 215 on May 31, 1972, No. 78, p. 171, § 18; Dec. 23, 1998, No. 310, § 9; Aug. 15, 1999, No. 258, § 4, eff. 30 days after Aug. 15, 1999.
Puerto Rico Legal Code