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Puerto Rico hearing orders review of condominium boards; consumer agency backs probe but warns of limits
Summary
Representative Ricardo Chino Reyes, president of the House Commission on Older Adults and Social Welfare, opened a public hearing Oct. 8 to consider House Resolution 267, which directs a legislative review of condominium boards’ administrative and financial practices.
Representative Ricardo Chino Reyes, president of the House Commission on Older Adults and Social Welfare, opened a public hearing Oct. 8 to consider House Resolution 267, which directs the House committees on Housing and Urban Development and Older Adults and Social Welfare to investigate administrative and financial practices of condominium owners’ associations in Puerto Rico.
The Department of Consumer Affairs (DACO) expressed support for the resolution’s goals but warned that its legal authority is limited. Licenciado Gabriel J. Cicardo Ucasio, appearing on behalf of DACO Secretary Valery Rodríguez Erazo, said the department’s role under the condominium law is to adjudicate controversies about noncompliance with the law, the master deed and internal rules, not to audit or otherwise investigate the administrative or fiscal management of…
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