Consumer Credit Regulation: P.R. Laws Ann. tit. 10, §§ 731 to 793 (Retail Installment Sales of Goods and Services).
Scope: Installment sales of goods and services. Revolving credit. § 731.
Licensure requirements: Finance companies must be licensed. § 761.
Credit terms: Contract or revolving account plan may not include financing charges in excess of those allowed by the regulations approved by the Board of the Office of Commissioner of Financial Institutions. § 750.
Restrictions on points or prepaid interest: None.
Restrictions on length of term: None.