3 Alaska Admin. Code § 87.045

Current through December 21, 2024

Section 3 AAC 87.045 - 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;

(4) liabilities;

(5) reasonableness of projected profit and loss statement; and

(6) other relevant experience.

3 AAC 87.045

Eff. 9/11/85, Register 95; am 8/10/97, Register 143

Authority:AS 27.09.040

AS 27.09.050