Section 3.41.040. Financial and credit record.

	(a)  The department will, in its discretion, consider the following factors in evaluating an applicant's financial and credit record:  
		(1) existing and prior debts;  
		(2) credit reports obtained from creditors and private credit reporting services;  
		(3) prior loan history with the department;  
		(4) timeliness in making payments on loans and other debts;  
		(5) prior bankruptcies;  
		(6) existence of tax liens;  
		(7) unpaid judgments and prior foreclosures; and  
		(8) financial and credit reputation.  
	(b)  Information establishing unacceptable credit will be more heavily weighed by the department if it has occurred in recent years.  

Authorities

26.15.010;26.15.030;26.15.040

Notes

Authority

AS 26.15.010 AS 26.15.030 AS 26.15.040

History

Eff. 9/11/85, Register 95