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PC 932

Para enmendar los Artículos 5(a) y 6(c) de la Ley Num. 106 de 28 de junio de 1965, según emendada, conocida como "Ley de Préstamos Personales Pequeños", a los fines de revisar el requisito de activos mínimos que se le requiere a todo concesionario que otorga prestamos de cuantías bajas; y para otros fines relacionados.

2025-2028 Session

Puerto Rico proposes revising minimum asset requirements for small loan lenders to adjust market entry barriers and lending accessibility conditions.

Ley 110-2026
0
WeVote Research Nonpartisan
Bill Summary · PC 932

Legislative bill overview

Bill PC 932 proposes amendments to Puerto Rico's Small Personal Loans Law (Law 106 of 1965) to revise the minimum asset requirements for lenders licensed to provide small loans. The bill modifies Articles 5(a) and 6(c) to adjust these financial prerequisites for loan concessionaires.

Why is this important

Minimum asset requirements for lenders serve as consumer protection mechanisms by ensuring lenders have sufficient capital to operate responsibly and absorb losses. Adjusting these requirements affects market entry barriers—lowering them could increase lending competition and accessibility, while raising them could strengthen lender stability but reduce lending options.

Potential points of contention

  • Market access vs. consumer protection: Reducing minimum assets may increase lending options but could allow insufficiently capitalized lenders to operate, increasing default risk
  • Economic impact on existing lenders: Changes may disadvantage current concessionaires or create unfair competitive advantages for new market entrants
  • Insufficient bill details: The text does not specify whether requirements are being increased or decreased, making it unclear whether this expands or restricts lending access

Compiled from official sources — confirm details with the bill’s official record.

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