The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 05, 2013
Filed:
Jul. 07, 2010
Allan S. Voltz, Iii, Browns Summit, NC (US);
Eric H. Choltus, Charlotte, NC (US);
Jason S. Cashwell, Greensboro, NC (US);
Robert M. Mauldin, Iii, Charlotte, NC (US);
Robert H. Eshleman, Charlotte, NC (US);
Allan S. Voltz, III, Browns Summit, NC (US);
Eric H. Choltus, Charlotte, NC (US);
Jason S. Cashwell, Greensboro, NC (US);
Robert M. Mauldin, III, Charlotte, NC (US);
Robert H. Eshleman, Charlotte, NC (US);
Bank of America Corporation, Charlotte, NC (US);
Abstract
A method for process monitoring is disclosed. A borrower is offered a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan. The proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection (PP) entity on behalf of the borrower in response to a covered event occurring. The proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan additionally may allow for paying/cancelling the debt's investor in response to loss of the property by the borrower.