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Administration of dual component financial instruments

  • US 20060195390A1
  • Filed: 02/28/2005
  • Published: 08/31/2006
  • Est. Priority Date: 02/28/2005
  • Status: Abandoned Application
First Claim
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1. A computer-assisted method for administering a financial instrument having a revolving loan component and a second loan component, said method comprising:

  • (i) storing revolving loan information corresponding to a revolving loan provided to a borrower by a lender;

    (ii) when a predetermined condition is met, automatically establishing on behalf of the borrower a second loan for a predetermined amount, and storing loan information corresponding to the second loan; and

    (iii) automatically crediting the predetermined amount towards an outstanding balance of the revolving loan.

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