P.R. Laws tit. 31, § 1261g
(1) The Company may waive specific requirements or may allow alternative arrangements to the requirements of this chapter, or any regulation promulgated pursuant to it if:
(a) Compliance with specific provisions are impractical or impossible;
(b) any person will suffer severe hardship if strict compliance is required, and
(c) adequate protection for owners of timeshares, vacation club rights and accommodations will be maintained.
(2) Any alternative arrangements must be in keeping with the policies of this chapter, including the orderly development of timeshare projects and vacation clubs and purchaser protection, and shall take into account the following factors:
(a) The number of owners and/or living accommodations comprising the timeshare or vacation club property;
(b) the laws of the jurisdiction in which the timeshare or vacation club property is located;
(c) the number of owners who are residents of Puerto Rico in relation to the total number of owners;
(d) the number of timeshares or vacation club rights sold before the effective date of this act;
(e) the net worth, liquidity and other financial ability of the developer, and
(f) Any other factor the Company finds relevant to permitting an alternative arrangement.
History —Dec. 26, 1995, No. 252, § 11-108.