P.R. Laws tit. 21, § 5118
All personal property or parcels of real property offered at public auction for the payment of unpaid taxes which are not sold for lack of an offer sufficient to cover all taxes, penalties and costs that encumber said property, may be purchased in the name of the Collection Center at any public auction. The Collection Center will make a public bid for said property for the amount of said taxes, penalties and costs and should it not make the best offer, it will release and cause a certificate of purchase in favor of the Collection Center to be registered at the Property Registry of the district in which said property is located, containing the report and description of the property prescribed by § 5113 of this title. If the right of redemption granted by § 5114 of this title is not exercised within the prescribed term, said certificate, once registered in the Property Registry of the district where said property is located, will constitute absolute title to said property in favor of the Collection Center, free from any mortgage, lien or any other encumbrance. Said certificate shall be prima facie evidence of the events inscribed in it in any controversy, proceeding or lawsuit concerned with or related to the right that the purchaser, his/her heirs or assigns might have to the property assigned by the aforesaid. No fees shall be charged by the property registrars for recording said certificate or for the copies they may issue thereof. The Governing Board of the Collection Center shall adopt and promulgate the rules needed to regulate the faculty granted to it by this part to purchase in its name real or personal property, or both, at the auctions for the collection of taxes, and in specific cases it may instruct any of its representatives to purchase or abstain from purchasing the attached property.
In those cases in which the property is adjudicated to the Collection Center, it is empowered to pay to the person entitled to a homestead the sum fixed in the statutes in order to protect that right.
The Collection Center shall transfer to the corresponding municipality the title to the personal and real property which it acquires through the process of attachment, free of charge, and shall register it in its books for the indebted value.
History —Aug. 30, 1991, No. 83, § 4.18.