1. (a) The authority will determine, in its sole discretion, whether to approve an application for NMTC leverage loan product by evaluating the following, among other considerations:

   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 authority;
   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) The authority will weigh any evidence of recent unacceptable credit activity more heavily against the applicant.

3. (c) The authority shall also consider the following factors in evaluating a borrower's ability to repay:

   1. (1) income history, including present income;
   2. (2) prospects for future income;
   3. (3) assets and their liquidity;
   4. (4) liabilities;
   5. (5) reasonableness of projected profit and loss statement; and
   6. (6) other relevant information.

(Eff. 3/29/2013, Register 207)