Law 93 of May 16, 2006, known as the “Law to Regulate the Business of Property Inspections in Puerto Rico”, establishes regulations for property inspections on the island. This law aims to protect consumers and guarantee the integrity and quality of property inspections carried out in Puerto Rico.
Below, we present some key aspects of Law 93:
- Requirements for inspectors: The law establishes the requirements that property inspectors must meet, including obtaining a valid license issued by the Department of State of Puerto Rico. Inspectors must meet certain training and experience standards to obtain and maintain their license.
- Inspection procedures: The law establishes the procedures that inspectors must follow when conducting a property inspection. This includes conducting a thorough inspection and preparing a detailed report outlining the findings of the inspection and any problems or defects found in the property.
- Disclosure of Conflicts of Interest: The law requires inspectors to disclose any conflicts of interest they may have with respect to the property they are inspecting. This ensures the fairness and integrity of the inspection process.
- Inspector Responsibilities: The law establishes the legal responsibilities and obligations of property inspectors. This includes the obligation to act with diligence and professionalism in the performance of their duties and the responsibility to accurately report inspection findings.
- Consumer Protection: Law 93 aims to protect consumers by ensuring that property inspections are conducted properly and that the information provided is accurate and useful to property buyers and sellers.
In summary, Puerto Rico Law 93 establishes regulations for the business of property inspections on the island, with the objective of protecting consumers and guaranteeing the quality and integrity of property inspections performed in Puerto Rico.