Section 3 AAC 87.040 - 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) judgments and 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 95; am 8/10/97, Register 143Authority:AS 27.09.040
AS 27.09.050