Section 3 AAC 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;(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.Eff. 9/11/85, Register 95Acting 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.
Authority:AS 45.88.120
AS 45.88.150