P.R. Laws tit. 7, § 630l
(a) Any service contract of the business shall be in writing and bear the date and the signature of both the consumer and the authorized representative, and shall include the following information:
(1) A clear statement in bold type of not less than 10 points shall be printed next to the space reserved for the signature of the consumer, to read as follows:
“You, the consumer, may terminate this contract at any time before midnight of the seventh (7th) working day after the start date of this contract. See the enclosed TERMINATION NOTICE form for more information regarding this right.”
(2) The payment terms and conditions, including the total amount of payments to be made to the credit repair agency or to any other person.
(3) A detailed and complete description of the services that the credit repair agency shall render to the consumer, including the estimated length of time for rendering said services, which may not exceed six (6) months.
(4) The name and physical and mailing address of the main office of the credit repair agency.
(b) The contract shall be accompanied by a pre-printed form in duplicate entitled “Termination Notice,” which shall include the following statement in not less than 10-point type:
“ Termination Notice
“You may terminate this contract without penalties or further obligations within seven working days from the signing of said contract. If you terminate the same, any payment you made under this contract shall be returned within 15 days from the receipt of the Termination Notice by the Credit Repair Agency.
“To terminate this contract, please send by mail or submit a signed copy of this Termination Notice or any other written notice to (name of the Credit Repair Agency) not later than midnight of the third day from the signing of the contract.
“I hereby terminate this transaction.
“__________
“Date
“____________________
“(Signature of the Consumer).”
(c) A copy of the signed contract and all documents required by the credit repair agency signed by the consumer shall be delivered to the latter upon the signing of the contract.
History —Aug. 31, 2004, No. 236, § 14, eff. 60 days after Aug. 31, 2004.