Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 5 - Division of Veterans' Affairs
Chapter 41 - Veteran's Loan Assumptions
3 AAC 41.040 - Financial and credit record
Universal Citation: 3 AK Admin Code 3 AAC 41.040
Current through February 27, 2024
(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) prior bankruptcies;
(6) existence of tax liens;
(7) unpaid judgments and prior 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.
Authority:AS 26.15.010
AS 26.15.030
AS 26.15.040
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