Systems and methods for providing loan management from cash or deferred income arrangements
US10497061B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Dec 3, 2013 |
| Grant date | Dec 3, 2019 |
| Priority date | — |
| Expiry date | Jul 6, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The method comprising: administering a first plurality of loan fund accounts; maintaining an association of each different one of the first plurality of loan fund accounts with a different investment vehicle that is part of the respective benefit plan account; receiving a selection from a selecting entity of one or more loan fund accounts from among the first plurality of loan fund accounts; investing loan fund assets comprising participant assets associated with the selecting entity in the different investment vehicles associated with loan fund accounts; associating a respective loan accounting process with each of the selected loan fund accounts; receiving a loan-request; initiating transfer of an amount requested; and updating account information to reflect said loan-request funds transferred from said loan fund account.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.