Section 3.14.063. Financial responsibility required to obtain and maintain licensure.

	(a)  The department will consider an applicant or licensee financially responsible under AS 06.60.060(2)(C), if the applicant or licensee has a credit score of 600 or a higher score on the credit report obtained under AS 06.60.027(c).  
	(b)  If the credit score of an applicant or licensee is less than 600, to determine financial responsibility under AS 06.60.060(2)(C), the department will review evidence of the applicant's or licensee's financial responsibility, including  
		(1) current outstanding judgments, excluding judgments solely as a result of medical expenses;  
		(2) current outstanding tax liens or other government liens and filings;  
		(3) foreclosures during the past three years; and  
		(4) seriously delinquent accounts during the past three years.  
	(c)  The department will notify the applicant or licensee through the registry that the credit history of the applicant or licensee is under review and that the applicant or licensee may request a copy of the credit report and submit to the department a written explanation of adverse information in the credit report no later than 21 days after the date the notice that the credit history is under review is posted in the registry.  

Authorities

06.60.027;06.60.060;06.60.910

Notes

Authority

AS 06.60.027 AS 06.60.060 AS 06.60.910

History

Eff. 12/4/2010, Register 196