P.R. Laws tit. 10, § 998b

2019-02-20 00:00:00+00
§ 998b. Interest exceeding stipulated maximum rates

Notwithstanding the provisions of § 998 of this title and in § 4591 of Title 31, there may be demanded or received, in or for loans or extensions of money or merchandise, or in or for any type of obligation, agreement or contract, an interest rate higher than the maximum rates stipulated in § 998 of this title, as well as other charges to compensate for research, analysis and loan negotiation expenses, provided they are maximum rates of interest or charges fixed by the Financing Board created by § 2008 of Title 7.

History —Oct. 15, 1973, No. 1, p. 849, § 3; Oct. 23, 1999, No. 319, § 8.