P.R. Laws tit. 30, § 2616
2019-02-20 00:00:00+00
A mortgage may also be constituted to secure lines of credit, specifying in the deed the maximum amount the mortgaged property or right is liable for, and the date or maturity, showing whether the latter is extensible or not, and, if it is, the allowable extension time and the terms for liquidating the account.
History —Mortgage Law, 1979, § 197.