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758 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Ten - Commerce (§§ 1 — 4196)/
  5. Subtitle 1 - Regulation of Business Generally/
  6. Chapter 36 - Retail Installment Sales and Finance Companies Sub/
  7. Subchapter II - Retail Installment Sales of Goods and Services § 741 - Provisions of Retail Installment Contracts/
  8. 758
Puerto Rico Legal Code

758

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After payment by the buyer of all the sums due under a contract, the seller or holder shall be bound to submit to the pertinent registry within sixty (60) days from the date of cancellation all documents that may be needed, or perform any actions required for the cancellation of the liens on the goods pursuant to the regulations or guidelines established to such ends by the Department of State, the Department of Transportation and Public Works, or any other body designated to register such contracts, and to notify the buyer of the efforts carried out for the cancellation and extinction of the lien. Upon the request of the buyer, the seller or holder shall be bound to furnish a copy of said documents, at no cost. History —June 19, 1964, No. 68, p. 192, § 2018, renumbered as § 218 and amended on May 31, 1972, No. 78, p. 171, § 12; Dec. 23, 1998, No. 310, § 11, eff. 60 days after Dec. 23, 1998.