Computer system for monitoring the status of individual items of personal property which serve as collateral for securing financing

Patent 5323315 Issued on June 21, 1994. Estimated Expiration Date:

August 2, 2011. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Abstract Claims Description Full Text

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Inventor

Highbloom, Lawrence

Assignee

Vintek, Inc.

Application

No. 739638 filed on 08/02/1991

US Classes:

705/38, Credit (risk) processing or loan processing (e.g., mortgage)235/379Banking systems

Examiners

Primary: Envall, Roy N. Jr.
Assistant: Brutman, Laura

Attorney, Agent or Firm

Panitch Schwarze Jacobs & Nadel

International Classes

G06F 015/20
G06G 007/52

Abstract

A system for monitoring the status of individual items of personal property which serve as collateral for securing financing. The system receives financing information from a first financing source and a second financing source. A unique identification code is associated with each individual item of personal property which serves as collateral for securing financing from the first and second financing sources. The financing information from the first financing source is compared with the financing information from the second financing source based at least in part upon the identification codes of the items of personal property to identify particular items of personal property that simultaneously serve as collateral to secure financing from both the first and second financing sources. The affected first and second financing sources are notified about the identified item of personal property.