P.R. Laws tit. 10, § 2513
(a) Any concessionaire may relinquish his/her license through a written notice to the Commissioner, who may order and conduct an inspection of the business before accepting the relinquishment of the license. If after the inspection, it is found that the concessionaire has incurred any violation of law, the Commissioner may impose the corresponding penalty as provided in § 2518 of this title, as well as revoke or suspend his/her license.
(b) The Commissioner may revoke or suspend the license of any concessionaire on any grounds empowering him/her to deny the same pursuant to this chapter, and if he/she should find that:
(1) A fact exists which, if it had existed or been known at the time the license was issued, it would have been sufficient grounds to deny the same, or
(2) the concessionaire has violated any provision of this chapter.
(c) Every case of revocation or suspension of a license issued by the Commissioner shall be handled according to the powers and duties conferred by his/her Organic Act, according to any of the adjudicative procedures established in Regulation 3920, adopted under §§ 2101 et seq. of Title 3, known as the “Commonwealth of Puerto Rico Uniform Administrative Procedures Act”, and §§ 2001 et seq. of Title 7, known as “Office of the Commissioner of Financial Institutions Act.”
History —Aug. 11, 1996, No. 119, § 14, renumbered as § 13 and amended on Aug. 12, 1997, No. 73, § 1, eff. 30 days after Aug. 12, 1997.