P.R. Laws tit. 19, § 2345

2019-02-20 00:00:00+00
§ 2345. Fees

(a) Fees charged by filing offices.— The following fees apply to filing and searches made under this Chapter, other than filings with the Department of Transportation and Public Works, subject to section (b) of this section; SCHEDULE OF FEES (1) Initial filing, an amendment, a continuation, an assignment, or a debtor correction $25.00 (2) Each additional name $5.00 (3) Initial filing disclosing an assignment $15.00 (4) Non-standard form penalty (plus $5.00 per page for each page in excess of 10 pages) $15.00 (5) Filing fees for fixture filings $15.00 (6) Initial filing fee for transmitting utility $100.00 (7) Initial filing fee for farm products and crops $35.00 (8) Termination statement $5.00 (9) For each additional name on a termination $5.00 (10) Certificate fee $15.00 (11) Initial filing fee for public finance transactions $100.00 (12) Copies of financing statements $1.00

(b) Fees charged by the Department of Transportation and Public Works.— The following fees apply to filing made with the Department of Transportation and Public Works:

(1) A $25.00 fee for initial filing.

(2) A $15.00 fee for an amendment.

(c) Method of payment.— Notwithstanding any other provision of law to the contrary, the Secretary of State, the Secretary of Transportation and the Secretary of Justice are hereby authorized to establish any method of payment for such fees, including, but not limited to, payment by charge account or credit card.

(d) Department of State.— The Secretary of State is hereby authorized to adjust any or all of the foregoing fees from time to time by regulation as it may deem appropriate to cover the operating expenses of the registry established in this chapter. From the moneys collected from the fees established under this act twenty percent (20%) shall be deposited in a special fund created for these purposes at the Department of the Treasury in order to defray the operational expenses of the Commercial Transactions Registry which were not covered by appropriation of funds from the General Fund or any budget appropriation funds. The remaining eighty percent (80%) shall be deposited in the General Fund. The funds deposited in the special fund and that at the fiscal year end have not been utilized for purposes of the Commercial Transaction Registry shall revert to the General Fund.

(e) Department of Transportation and Public Works.— The Secretary of Transportation and Public Works is hereby authorized to adjust any or all of the foregoing fees from time to time by regulation as he or she may deem appropriate to cover the operating expenses of the registry of motor vehicles established in this chapter. From the moneys collected from the fees established under this chapter twenty percent (20%) shall be deposited in a special fund created for these purposes at the Department of the Treasury in order to defray the operational expenses of the Registry of Security Interest at the Department of Transportation which were not covered by appropriation of funds from the General Fund or any budget appropriation funds. The remaining eighty percent (80%) shall be deposited in the General Fund. The funds deposited in the special fund and that at the fiscal year end have not been utilized for purposes of the Registry of Security Interest shall revert to the General Fund.

(f) Department of Justice.— The Secretary of Justice is hereby authorized to adjust any or all of the foregoing fees from time to time by regulation as he or she may deem appropriate to cover the operating expenses of the registry when the collateral is fixtures, as extracted collateral or timber to be cut. From the moneys collected from the fees established under this chapter twenty percent (20%) shall be deposited in a special fund created for these purposes at the Department of the Treasury in order to defray the operational expenses of the registration of such security interest at the corresponding Registry of the Property which were not covered by appropriation of funds from the General Fund or any budget appropriation funds. The remaining eighty percent (80%) shall be deposited in the General Fund. The funds deposited in the special fund and that at the fiscal year end have not been utilized for purposes of the recording of such security interest shall revert to the General Fund.

History —Sept. 19, 1996, No. 241, added as § 9–525 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.