3 AAC 80.040 - Financial and credit record
(a) The department
may 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) existence of tax liens;
(6) judgments and foreclosures;
(7) financial and credit
reputation.
(b)
Information establishing unacceptable credit will be more heavily weighed by
the department if it has occurred within the past 10 years.
Notes
Authority:AS 16.10.310
AS 16.10.339
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