Section 1059.8. Financial fitness generally

The Authority will review the financial fitness of the proposed buyer, including a review of the following:

(1) Bank statements of the proposed buyer evidencing ownership of a bank account holding not less than the greater of $5,000 or 2% of the sale price of the transferable rights in unencumbered and available funds. The funds under review must have been in the bank account for at least 3 months.

(2) The credit report of each of the persons identified in § 1059.6(b)(8) (relating to required application information) evidencing a credit score of at least 600 for each person.

(3) The absence of any outstanding and unappealed civil judgments against each of the parties required to submit a criminal history report under § 1059.6(b)(8).