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;

(5) bankruptcies;

(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.

Notes

3 AAC 87.040

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

Authority:AS 27.09.040

AS 27.09.050