1. (a) To evaluate an applicant's financial and credit record, the department may consider the applicant's

   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) existence of tax liens;
   6. (6) judgments and foreclosures; and
   7. (7) financial and credit reputation.
2. (b) The department will weigh activity that establishes unacceptable credit more heavily if the activity occurred within ten years of the application date.

(Eff. 10/16/2012, Register 204; am 7/24/2024, Register 251)

Authority: AS 16.10.905