Section 3.79.045. Ability to repay.

Latest version.

The department will, in its discretion, consider the following factors in evaluating an applicant's ability to repay a proposed assumption:  
		(1) income history, including present income;  
		(2) prospects for future income;  
		(3) assets and their liquidity; and  
		(4) liabilities.

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 79.045 to reflect the statutory renumbering.  
History Eff. 9/11/85, Register 95; am 8/10/97, Register 143

References

3.79.045

                    
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