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Universal line of credit having multiple financial product features

  • US 20070027799A1
  • Filed: 12/20/2005
  • Published: 02/01/2007
  • Est. Priority Date: 07/29/2005
  • Status: Abandoned Application
First Claim
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1. A method for providing a financial account associated with a customer asset, comprising:

  • establishing for a customer a financial account containing funds, at least a portion of the funds being secured by property owned by the customer, the account enabling the customer to;

    draw funds from the account up to an account limit;

    transfer funds from the account to another entity; and

    deposit funds into the account;

    after the establishing action, determining an appraised value of the property; and

    automatically changing the account limit based on the determined appraised value.

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