Regulation on Submission and Fees for Administrative Determinations

PUBLIC NOTICE PROPOSAL FOR THE ADOPTION OF REGULATION

The Office of the Commissioner of Financial Institutions (OCFI), by virtue of the powers and faculties conferred upon it by Act No. 4 of October 11, 1985, as amended, known as the "Financial Institutions Commissioner's Office Act", and in compliance with Act No. 38-2017, as amended, known as the "Government of Puerto Rico Uniform Administrative Procedure Act", hereby notifies its intention to adopt the following Regulation:

1. Regulation on the Submission and Fees for Administrative

Determinations Filed with the Office of the Commissioner of Financial Institutions

This Regulation is intended to establish a clear and uniform procedure for the submission, review, and issuance of Administrative Determinations related to any law or regulation within the jurisdiction of the OCFI. It also empowers the OCFI to establish, by Circular Letter, the fees applicable to the processing of such requests.

A copy of the proposed regulation is available for inspection during weekdays, from 8:00 a.m. to 12:00 p.m. and from 1:00 p.m. to 4:30 p.m., at the OCFI Legal Division, located at Centro Europa Building, 1492 Ave.

thPonce de León, 6 Floor, San Juan, PR 00907. It is also available on the

OCFI website, under the Public Notices section, at the following electronic address: www.ocif.pr.gov.

A period of thirty (30) days, counted from the date of publication of this PUBLIC NOTICE, is granted to submit written comments to the OCFI or request an oral hearing on the proposed action, setting forth the grounds that, in the opinion of the applicant, justify the granting of such hearing. Comments or requests may be submitted at the location and time indicated above, sent by email to reglamento@ocif.pr.gov, or sent by mail to the following address: PO Box 11855, San Juan, PR 00910-3855.

Mónica Rodríguez Villa, Esq. Commissioner