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prima:Governor Pedro Pierluisi rejects bill that would have allowed property owners saddled with payment debts to buy their mortgages

The president of the Puerto Rico Bankers Association, Zoimé Álvarez Rubio, was pleased with the decision, indicating that the measure would have affected the availability of credit on the island

August 23, 2024 - 4:08 PM

Senate Bill (PS) 827, sought to amend Law 208-1995, known as the “Commercial Transactions Law”. (Shutterstock)

Governor Pedro Pierluisi vetoed a measure that, among other things, would have given people with delinquent mortgages the opportunity to buy their property at the price at which it was sold on the secondary market, La Fortaleza’s press office confirmed to El Nuevo Día.

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