P.R. Laws tit. 23, § 263g

2019-02-20 00:00:00+00
§ 263g. Viability study; letter of commitment

(a) The Fund shall carry out an economic financial viability study in each case, which will ensure that all the loans have a reasonable probability of payment, and collateral consisting of personal or real property, or a combination of both signatures or joint and several guarantees, or other acceptable collateral, or a combination of any of those mentioned. These loans shall be secured subject to the conditions established by this chapter, and the regulations approved pursuant to it.

History —July 9, 1985, No. 97, p. 313, § 8.