P.R. Laws tit. 7, § 2108
Any financial institution or holder who incurs a violation to the provisions of this chapter, may be penalized with an administrative fine which shall not exceed five thousand dollars ($5,000). The Commissioner may also impose an administrative fine which shall not exceed five thousand dollars ($5,000) for every five (5) days that it fails to comply with any order for compliance issued by the Commissioner, and shall also be subject to the corresponding provisions of the Penal Code of the Commonwealth of Puerto Rico regarding misappropriation.
If the financial institution on which an administrative fine is imposed by virtue of this section does not pay it within the term of fifteen (15) days counting from the date that notice of the imposition of the administrative fine is served, the Commissioner may file a civil action for the collection of said administrative fine at the Court of First Instance of Puerto Rico, San Juan Part, which shall have jurisdiction in this procedure.
History —July 28, 1989, No. 36, p. 116, § 9.