1. (a) The department will, in its discretion, consider the following factors in evaluating an applicant's financial and credit record:

   1. (1) existing and prior debts;
   2. (2) credit reports obtained from creditors and private credit reporting services;
   3. (3) prior loan history with the department;
   4. (4) timeliness in making payments on loans and other debts;
   5. (5) prior bankruptcies;
   6. (6) existence of tax liens;
   7. (7) unpaid judgments and prior foreclosures; and
   8. (8) financial and credit reputation.
2. (b) Information establishing unacceptable credit will be more heavily weighed by the department if it has occurred in recent years.

(Eff. 9/11/85, Register 95)