6951m

The following practices shall be considered undesirable for purposes of this chapter and its regulations:(a) To commit any kind of fraudulent action that causes or may cause damages to buyers and/or to the image of Puerto Rico as a tourist and investment destination.(b) To publish advertisements, statements, or information distorting or exaggerating the terms under which units may be acquired.(c) To intentionally provide incorrect information to the DACO, the Tourism Company, and/or buyers.(d) To execute a reservation contract, purchase agreement, or special escrow account Agreement in contravention to this chapter.(e) To request or accept money deposits or advances to reserve units in a Project without a location assessment, preliminary plan or development, or any other endorsement or permit that substitutes the same by law, approved by the Planning Board and/or the regulations and Permits Administration of Puerto Rico or any government entity that, by law, substitutes the same in their functions, as the case may be, or by an autonomous municipality in the event that the power over city planning has been duly delegated thereto.(f) To fail to comply with the obligations under a

their functions, as the case may be, or by an autonomous municipality in the event that the power over city planning has been duly delegated thereto.(f) To fail to comply with the obligations under a reservation contract, purchase agreement, or special escrow account agreement.(g) To violate any other of its obligations provided herein or established by the DACO through regulations. History —Dec. 16, 2009, No. 181, § 16.