P.R. Laws tit. 7, § 3105

2019-02-20 00:00:00+00
§ 3105. Non applicable existing legislation

The provisions of §§ 1 et seq. of this title, known as the “Puerto Rico Banking Laws”, and the provisions of §§ 998 et seq. of Title 10, which fixes the maximum allowed rates or interest charges for loans, shall not apply to international financial institutions created under this chapter. Also, § 4591 of Title 31, which established the interest rate in absence of agreement and the limit of rate fixed by agreement shall not apply. Notwithstanding, the foregoing, none of the provisions of this chapter shall be construed to limit the powers of the Governor of Puerto Rico, or of the person appointed by him/her, granted by § 204 of this title; § 205 of this title; §§ 206–209 of this title; §§ 210–214 of this title; and § 215 of this title.

History —Sept. 25, 2012, No. 273, § 26.