Section 3.87.045. 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;  
		(4) liabilities;  
		(5) reasonableness of projected profit and loss statement; and  
		(6) other relevant experience.

Authorities

27.09.040;27.09.050

Notes

Authority
 AS 27.09.040  
AS 27.09.050  
History Eff. 9/11/85, Register 95; am 8/10/97, Register 143

                    
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