Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 10 - Economic Development
Chapter 78 - Alternative Energy Loans
3 AAC 78.040 - Financial and credit record
Universal Citation: 3 AK Admin Code 3 AAC 78.040
Current through February 27, 2024
(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) unpaid judgments and prior foreclosures;
and
(7) financial and credit
reputation.
(b) Information establishing unacceptable credit will be more heavily weighed by the department if it has occurred not later than 10 years from the date of application.
Authority:AS 45.88.020
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