P.R. Laws tit. 10, § 2505
(a) Issuing of license. — After the application has been filed and the fees have been paid, the Commissioner shall conduct the investigations he/she deems necessary and, if he should find that the reputation, moral soundness, financial accountability, experience, character, and general aptitude of the applicant are such that they justify the belief that the business will be managed legally and fairly, within the purposes of this chapter, and that the issuing of the license shall be necessary and convenient for the community within which the business will be operated, he/she shall approve said application and shall issue a license to the applicant that shall constitute the authorization to operate said business according to the provisions of this chapter.
(b) Denial of license. — Should the Commissioner deny the application, the amount paid for inspection expenses shall be retained by the Commissioner, and the amount paid for license fees shall be returned to the applicant.
History —Aug. 11, 1996, No. 119, § 6; Aug. 12, 1997, No. 73, § 1, eff. 30 days after Aug. 12, 1997.