(a) To draft and approve regulations, together with the DACO, to implement the impositions of this chapter. He/she may establish additional requirements in the regulations, insofar as they are also approved by the Secretary of the DACO and the same are not inconsistent with this chapter;(b) to interpret the regulations according to the expertise of his/her agency, allowing the DACO, through its Secretary, to express itself regarding issues related to its expertise if controversies arise with regards to this Act and its regulations; provided, however, that any interpretation shall be made according to the purposes sought by this chapter;(c) to assist the Secretary, when deemed necessary, with his/her investigative powers in everything related to a vacation home developer and the directors, officials, or affiliates thereof, in order to determine whether the same comply with this chapter and/or its regulations;(d) to issue any Orders or Notices established or allowed under this Act and/or its regulations;(e) to impose fines for violation of this chapter and/or its regulations;(f) to execute, together with the DACO, cooperation and reciprocity agreements with the authorities of other r its regulations;(e) to impose fines for violation of this chapter and/or its regulations;(f) to execute, together with the DACO, cooperation and reciprocity agreements with the authorities of other jurisdictions, in order to harmonize offer and sales practices outside of Puerto Rico and vacation home units; and(g) to coordinate with the DACO any power, duty, authority, or function conferred to such Department by this chapter or its regulations, so that the DACO may exercise, comply, or perform the same in its stead. History —Dec. 16, 2009, No. 181, § 5.
Puerto Rico Legal Code