P.R. Laws tit. 15, § 88
(a) The Commissioner of Financial Institutions and the Executive Director of the Tourism Company shall, in accordance to their powers and faculties under §§ 71—79 and 85—89 of this title, and within their respective areas of jurisdiction, adopt, amend or revoke the regulations deemed necessary or convenient to implement the purposes of §§ 71—79 and 85—89 of this title.
(b) The Tourism Company and the Commissioner of Financial Institutions shall use the procedure established in §§ 2101 et seq. of Title 3, or any law of an analogous nature that succeeds it, and shall comply with their respective enabling acts.
(c) The regulations thus approved shall be come effective once filed at the Department of State, pursuant to §§ 2101 et seq. of Title 3, or any law of an analogous nature that succeeds it.
(d) The interpretation and application of §§ 71—79 and 85—89 of this title shall be made in a way that the public interest prevails. Nothing that is provided in §§ 71—79 and 85—89 of this title shall be understood to limit the powers and faculties granted to the Commissioner of Financial Institutions pursuant to §§ 2001 et seq. of Title 7, known as the “Office of the Commissioner of Financial Institutions Act”, and the powers of the Tourism Company pursuant to §§ 671 et seq. of Title 23, known as “Puerto Rico Tourism Company Act”.
History —May 15, 1948, No. 221, p. 750, added as § 14 on June 26, 1997, No. 24, § 14; Jan. 8, 2004, No. 11, § 5.