3 Alaska Admin. Code § 82.040

Current through December 21, 2024

Section 3 AAC 82.040 - 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;

(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.

3 AAC 82.040

Eff. 9/11/85, Register 95

Authority:AS 44.33.245

AS 44.33.260