P.R. Laws tit. 7, § 2106

2019-02-20 00:00:00+00
§ 2106. Term to claim

Any person who believes he/she is entitled to any abandoned and unclaimed money or other liquid assets turned over to the Commissioner, as provided in § 2105 of this title, may claim them to the Commissioner. The Commissioner is hereby authorized to pay such unclaimed money or other liquid assets to the owner, plus compensation interests at a rate equal to that applicable to Commonwealth sentencing fees, which shall never exceed four percent (4%), the interest of which shall be payable without computing any increment derived therefrom. Interests shall be computed from the time the money or liquid assets are turned over to the Commissioner to the date on which the claim filed with the Office of the Commissioner of Financial Institutions is completed, and at the rate prevailing at the time of payment, upon verification of the right of the claimant.

The Department of the Treasury together with the Commissioner may contract the services of independent consultants, as they deem necessary or appropriate, for the location of sources and the recovery of the abandoned or unclaimed money or other liquid assets.

History —July 28, 1989, No. 36, p. 116, § 7; Sept. 2, 2000, No. 346, § 3; Sept. 29, 2012, No. 294, § 3.