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Title 3 . Commerce, Community, and Economic Development
Chapter 41 . Veteran's Loan Assumptions
Section 45. Ability to repay

3 AAC 41.045. Ability to repay

The department will, in its discretion, consider the following factors in evaluating an applicant's ability to repay a proposed assumption:

(1) income history, including present income;

(2) prospects for future income;

(3) assets and their liquidity; and

(4) liabilities.

History: Eff. 9/11/85, Register 95

Authority: AS 26.15.010

AS 26.15.030

AS 26.15.040

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Last modified 7/05/2006