P.R. Laws tit. 23, § 6951e
To obtain a regular or provisional license, or to renew the same, an application shall be filed under oath attesting, at least:
(a) The name, street and mailing address, telephone and fax numbers, and e-mail address of the applicant, of all managing or administrative partners, and of any person with a share of at least five percent (5%) of the capital of the company, if it is a partnership, of all directors and officials and of the resident agent, if it is a corporation or a limited liability company, and of any person with a share of at least five percent (5%) of the capital of the company.
(b) A description of the proposed vacation home projects, if this fact is known at the time of filing, including the location, number of units, average pricing of the units, and amenities to be included, as well as sources of capital and financing available for such projects.
(c) The number, name, and classification of construction projects of any type built by the applicant or the affiliates thereof before the application date.
The application shall have the following documents attached:
(1) A certified copy of the Memorandum or Certificate of Incorporation or formation;
(2) a balance sheet of the applicant at the time of filing the application, duly certified by an authorized official of the applicant;
(3) a list of all affiliates devoted to the purchase and sale of land, construction, and/or property management, and an account of the businesses in which they are engaged;
(4) an account, as well as the status, of all lawsuits and administrative complaints filed against the same, the affiliates, directors, officials, partners, shareholders, and members thereof regarding construction projects of any type in any jurisdiction during the last five (5) years;
(5) evidence of having the bond or surety documents that may be required, pursuant to this chapter or its regulations; and
(6) a certified check or postal money order made to the order of the Secretary for the amount of one thousand dollars ($1,000). Income generated from such charge shall be devoted to defray the expenses related to the implementation of this chapter.
History —Dec. 16, 2009, No. 181, § 8.