The Office of the Commissioner of Financial Institutions is an agency of public law and order. Its purpose is to compile and verify information that shall be obtained from and that shall be made available by the traditional agencies of public law and order of the Government of Puerto Rico on the criminal record of those persons of whom there is a need to evaluate said record for the discharge of the duties imposed by this chapter, and other acts and regulations.
In the event that such information is held by state, federal or foreign law and order agencies, the Office of the Commissioner of Financial Institutions shall also be recognized by the Government of Puerto Rico as such, so that it can be requested directly from the agency concerned. Through the inherent power herein granted, the Office of the Commissioner of Financial Institutions is empowered to provide the information obtained with the same degree of confidentiality as that provided by the investigative and public law and order agency.