P.R. Laws tit. 7, § 630f
(a) Issuing the license. — Upon filing the application and paying the fees, the Commissioner shall conduct the investigations he/she deems necessary and shall approve the application and issue a license to the applicant to operate pursuant to the provisions of this chapter if it he/she finds that the financial responsibility, experience, character, appropriate location and general capacity of the applicant are such that they justify the belief that the business shall be administered legally and fairly according to the purposes of this chapter, and that issuing the license shall be convenient and advantageous for the community in which the business shall be operating.
(b) Denial of the license. — If the Commissioner denies the application, the fee paid for investigations shall be withheld by the Commissioner and the license fee shall be refunded to the applicant.
The Commissioner may refuse to issue a license for any reason he/she believes affects the public interest, including but not limited to the following reasons:
(1) The applicant does not meet any of the requirements set forth in this chapter or any applicable regulations;
(2) the applicant has been found guilty of a violation of any of the provisions of the special laws and regulations approved by the Commissioner;
(3) the applicant, or any other person who at the time of filing the application is a shareholder, director, officer, member, partner, agent or spouse of the applicant, has had a license, franchise or permit granted by the Commissioner previously revoked;
(4) the applicant is responsible for any act or omission the consequence of which was the revocation of a license, franchise or permit granted by the Commissioner;
(5) the applicant provides false information in his/her license application submitted to the Commissioner;
(6) the applicant incurs a violation of any of the laws administered by the Commissioner;
(7) negative or adverse information arises from the investigation, or
(8) the Commissioner believes that the competence and character of the applicant or the persons related to the latter, as stated above, indicate that it is not convenient for the public interest to issue a license, franchise or permit to such an applicant.
The Commissioner may leave the application for a license pending if the person who applies for a license pursuant to the provisions in this chapter is accused of a misdemeanor or a felony that entails moral depravity or fraud under state or federal law. The application for a license shall remain pending until the case is resolved by a competent court.
(c) Reconsideration of the denial. — Any person adversely affected by a decision issued by the Commissioner pursuant to the provisions of this chapter may, within twenty (20) days from the date of entry into records of the notification of the decision, submit a request for reconsideration of the decision to the Office of the Commissioner, pursuant to the terms and provisions set forth in §§ 2101 et seq. of Title 3.
History —Aug. 31, 2004, No. 236, § 9, eff. 60 days after Aug. 31, 2004.