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981a — 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 45 - Collecting Agencies § 981 - Short Title/
  7. 981a
Puerto Rico Legal Code

981a

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To the effects of this chapter, the following terms shall have the meaning hereinbelow expressed:(a) Person. — Includes individuals, partnerships, associations, trusts, corporations and any other juridic entities.(b) Collecting agency. — Includes any person engaged in the business of collecting for other persons any account, bill or debt. It includes persons who operate under a name which by simulating to be that of a collecting agency provides its clients with a collecting system and circular letters in which the debtor is urged to make his payments either directly to the creditor or to the fictitious collecting agency.(c) Secretary. — Means the Secretary of the Treasury of the Commonwealth of Puerto Rico.(d) Department. — Means the Department of the Treasury of the Commonwealth of Puerto Rico.(e) License. — Means the authorization by the Secretary to engage in the business of collecting agencies.(f) Licensee. — Means a person to whom a license has been issued under this chapter.(g) Client. — Means any person who uses the services of a collecting agency. History —June 27, 1968, No. 143, p. 409, § 2.