P.R. Laws tit. 17, § 505
(a) Nine months from and after the effectiveness of this act, it shall be unlawful for any urbanizer or constructor to engage in the home construction business in Puerto Rico, without having first obtained a license issued in accordance with the provisions of this chapter. Every license so issued shall fall due three (3) years from the date of its issuance, and may be renewed for an equal term provided that the requirements of this chapter have been complied with. The license issued to [a developer] or constructor shall be untransferable and when same is issued to [a juridical] person, the changes in its control shall be notified to the Construction Officer, who may require the issuance of a new license. For the purposes of this subsection the term “control” shall mean the power to, directly or indirectly, direct or decisively influence in the administration or norms of the [juridical] person.
(b) The Construction Officer may issue provisional licenses for two (2) years to every person who qualifies in accordance with the provisions of this chapter, lacking previous experience in Puerto Rico in the urbanizing and construction business.
(c) No license shall be issued by the Construction Officer to a home [developer] or constructor who refuses responsibility for the totality of the projects to be carried out by said person. The license shall be issued to such person who shall be responsible for all the construction defects in the homes.
(d) The fees to be paid for the issuance of licenses authorized by this section are fixed at seventy-five dollars ($75) for the regular license of three (3) years and at fifty dollars ($50) for the provisional license of two (2) years duration.
History —June 13, 1967, No. 130, p. 406, § 5.