P.R. Laws tit. 10, § 996f
(a) Revocation of license .—After due notice and hearing to the grantee, the Commissioner may revoke any license if he finds that:
(1) There is any fact which if it had existed or been known at the time the application was filed, would have justified the nonissuance of the license, or
(2) the grantee has violated any of the provisions of this chapter, after its compliance was required by an order issued under the provisions of § 996i of this title.
The hearing shall be held no later than ten (10) days after the written notice by certified mail. The date, time and place of the same shall be stated in said notice and the grounds for the revocation shall be succinctly stated.
(b) Revocation order.—Every revocation of license and its date of effectiveness shall be established through written notice which shall contain findings of fact, conclusions of law a copy of which shall be remitted to the grantee. Said order, findings and conclusions, and the evidence considered by the Commissioner shall be filed in the public records of the Officer of the Commissioner.
(c) Temporary suspension of license.—Should the Commissioner determine that there is probable cause for the revocation of any license, he may suspend said license temporarily for a period not to exceed twenty (20) days after due notice and hearing, while the proper investigation is being carried out.
(d) Waiver of license.—Any grantee may waive a license through written notice to the Commissioner.
(e) Existing contracts.—Any license revoked, suspended or waived shall neither diminish nor affect the obligations derived from any valid contract existing between the grantee and other persons.
History —May 8, 1973, No. 20, p. 71, § 7; July 23, 1974, No. 135, Part 1, p. 634, § 2; July 2, 1987, No. 91, p. 355, § 6.