P.R. Laws tit. 3, § 9012

2019-02-20 00:00:00+00
§ 9012. Loan amortization

The amortization payment schedule for loans granted in accordance with the provisions of this chapter shall be deducted from the monthly salary of the employee or from the pension of the covered pensioned member upon prior notice of the Association to the officers responsible for the certification of payroll in the various government entities and public employee retirement systems. It is hereby provided that the Association may deduct from the member’s account any amount owed for any other financial services, when the member fails to comply with the terms and conditions of the service. The Assembly of Delegates shall approve regulations to ensure that members receive a notice of indebtedness and of the time to answer and object to the same.

History —Apr. 25, 2013, No. 9, § 13.