P.R. Laws tit. 10, § 950
(a) Records. — Each grantee shall keep those records of loans effected hereunder that may allow the Commissioner to determine if the grantee is complying with the same and shall preserve said records, for purposes of this chapter, at least four (4) years after the last entry therein. Whenever the Commissioner authorizes it through regulations, said records may be maintained or preserved by electronic means or optical imaging. The accounting system of each grantee shall be adjusted to generally accepted accounting principles and shall contain such information as the Commissioner may require.
(b) Reports. — Every concessionaire shall submit monthly reports on the maximum rate, average weighted rate and minimum interest rate on loans granted during the thirty (30) days prior to the filing of such reports. Other reports required by the Commissioner shall be submitted on the dates and under the terms provided by the Commissioner.
History —June 28, 1965, No. 106, p. 278, § 10; July 22, 1988, No. 132, p. 543, § 9; Dec. 4, 1998, No. 290, § 6; Sept. 12, 2003, No. 275, § 1.