Statutes, codes, and regulations
Alaska Administrative Code
Title 3 - Commerce, Community, and Economic DevelopmentPart 10 - Economic Development
Chapter 86 - Small Business Loan Assumptions
Section 3 AAC 86.045 - Ability to repay

3 Alaska Admin. Code § 86.045

Download
PDF
Current through November 28, 2024
Section 3 AAC 86.045 - Ability to repay

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; and
(4) liabilities.

3 AAC 86.045

Eff. 9/11/85, Register 95

Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.95.010 as AS 45.81.200; former AS 45.95.020(a) as AS 45.81.210. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 86.045 to reflect the statutory renumbering.

Authority:AS 45.81.200

AS 45.81.210