P.R. Laws tit. 7, § 2012
In addition to the other powers conferred by this chapter, the Commissioner is empowered to require the entities that he supervises pursuant to this chapter to:
(a) Keep their accounts, records and registers according to those regulations he may prescribe from time to time.
(b) Comply with standards and methods he prescribes by regulations to determine the value of assets and liabilities.
(c) Eliminate from the books all part of any asset that at the moment of the Commissioner’s action could not be legally acquired.
(d) Fix the market value of an asset.
(e) Obtain and deliver a financial statement of the direct or indirect debtors of the supervised institutions, within the limits that the entity may do so.
(f) Obtain insurance against damages and other contingencies on property or other assets taken as collateral.
(g) Maintain adequate insurance against all damages that the Commissioner deems necessary and convenient for the protection of the depositors and the public.
(h) Charge against undistributed profits, reserve funds or capital accounts, any loan or part thereof, any asset or part thereof, which in his judgment constitutes a possible loss for the entity being examined.
(i) Segregate any part of the future profits he deems convenient until said capital accounts and reserve funds are totally restored.
(j) Create such reserves of appraisals of assets deemed convenient.
History —Oct. 11, 1985, No. 4, p. 857, § 12.