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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.80. Commercial Fishing Loans. |
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Article 3.80.2. Community Quota Entity Revolving Loan Fund. |
Section 3.80.225. Ability to repay.
Latest version.
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(a) The department may consider the following factors in evaluating an applicant's ability to repay: (1) income history, including present income; (2) prospects for future income; (3) assets; (4) liabilities; (5) reasonableness of the projected profit and loss statement; (6) other relevant information or experience. (b) The department may compare revenue projections contained in an applicant's profit and loss statement with information it acquires through its own efforts or from the National Marine Fisheries Service or its successors, or the performance of other community quota entities in similar circumstances to determine the reasonableness of the applicant's projections.