P.R. Laws tit. 13, § 33193
(a) Business transaction not registered in the Merchant’s Registry and the Small-business Registry.— Any merchant who fails to register as required in § 32251 of this title shall be subject to a penalty of up to ten thousand dollars ($10,000).
(b) For failure to notify.— Any Puerto Rico resident subject to the notification requirement provided in § 32201(a)(2)(E)(i) of this title that fails to meet such requirement, shall be subject to a penalty of up to ten thousand dollars ($10,000).
(c) For selling, assigning, transferring, or otherwise conveying the Merchant’s Registration Certificate and the Small-Business Registration Certificate.— Any merchant who violates the provisions of § 32251(c) of this title shall be subject to a penalty of five thousand dollars ($5,000) for every sale, assignment, transfer or conveyance of a certificate.
(d) For providing false information.— Any merchant who knowingly furnishes false information on the application required in § 32251(a) of this title shall be subject to a penalty of five thousand dollars ($5,000).
(e) For failure to notify changes or amendments to the information required and others.— Any merchant who violates the provisions of § 32251(e) of this title shall be subject to a penalty of five hundred dollars ($500).
(f) Forgery of the Merchant’s Registration Certificate and the Small-Business Registration Certificate.— Any person who in any way forges a Merchant’s Registration Certificate or a Small-Business Registration Certificate or who knowingly holds a fraudulent a Merchant’s Registration Certificate or a Small-Business Registration Certificate shall be subject to a penalty of ten thousand dollars ($10,000) for each Merchant’s Registration Certificate or Small-Business Registration Certificate forged or in his/her possession.
History —Jan. 31, 2011, No. 1, added as § 6046.03 on Sept. 30, 2015, No. 159, § 33.