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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 3.82. Child Care Facility Loans. |
Section 3.82.040. Financial and credit record.
Latest version.
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(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
44.33.245;44.33.260