Despite intense last minute lobbying by Puerto Rico's banking sector, Gov. Luis G. Fortuño has signed a law requiring that all foreclosure proceedings of a primary residence include compulsory mediation. The law is effective in July 2013.
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QUOTE OF THE WEEK:
“Puerto Rican entrepreneurs continue to demonstrate resilience and a willingness to keep investing and generating jobs.”
— Margaret Ramírez-Báez, president, Puerto Rico Chamber of Commerce
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