P.R. Laws tit. 21, § 5933
(a) The purchaser of credits for transferred tax debts shall have the same rights and obligations that the Center had in relation to them, unless otherwise provided in this chapter.
(b) The purchaser may initiate the procedure to compel compliance with the demand for payment of the credit for the transferred tax debt established in this chapter, after thirty (30) days from the expiration of the term granted by § 5930 of this title for notifying the sale of said credits, without the indebted amount having been paid.
(c) Once the credits for transferred tax debts become demandable pursuant to this section, the latter shall accrue interest compounded monthly in favor of the purchaser at the rate of fifteen percent (15%) per annum, the defense of usury shall not be claimed against the collection of said interest.
(d) Notwithstanding any provision to the contrary contained in § 5091 of this title, part of the Municipal Property Tax Act, should the Center receive property tax payments:
(1) In relation to the transferred tax debts;
(2) made by debtors whose delinquent tax debts have been transferred when the payment is in relation to the property on which said transferred tax debt is imposed, or
(3) of any taxpayer with regard to his/her property that is subject to transferred tax debts covered by the permanently fixed fiscal lien pursuant to § 5924 of this title, said payments shall be deemed as payments for the benefit of the purchaser of the credits for transferred tax debts and shall be immediately remitted to said purchaser, until said credits have been totally satisfied.
History —June 26, 1997, No. 21, § 15; June 30, 1998, No. 105, § 10.