P.R. Laws tit. 28, § 25
(a) The amount of the sale price of the land plus its interest may be paid by partial payments within a term which shall not exceed ten (10) years. In order to obtain the ownership title of this land, the purchasers shall make a down payment of not less than a tenth part of the sale price on or before the time of the execution of the deeds for the conveyance of the property title.
(b) The deferred debt shall earn the interest agreed upon by the parties, which shall not be more than six percent (6%) annually.
(c) The payment of the deferred price shall be guaranteed in the form and manner as may be agreed by the Secretary of Transportation and Public Works and the acquirer with the approval of the Secretary of the Treasury.
(d) All the conditions expressed in this section shall be included and shall be a part of the purchase sale deed which shall be executed between the Department of Transportation and Public Works and the purchasers.
History —June 24, 1971, No. 82, p. 253, added as § 3 on June 6, 1972, No. 90, p. 231, § 2.