Section 3.79.040. 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

45.88.120;45.88.150;01.05.031;45.89.030;45.89.070;44.62.125

Notes

Authority

AS 45.88.120 AS 45.88.150 Editor's note: Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.89.030 as AS 45.88.120; former AS 45.89.070 as AS 45.88.150. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 79.040 to reflect the statutory renumbering.

History

Eff. 9/11/85, Register 95

References

3.79.040