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System and Method for Loss Checks Payable to Secured Party and Property Owner

  • US 20120310675A1
  • Filed: 04/10/2007
  • Published: 12/06/2012
  • Est. Priority Date: 07/21/2006
  • Status: Abandoned Application
First Claim
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1. A method for distributing insurance proceeds following a loss of property, the method comprising the steps of:

  • determining the amount of insurance proceeds to distribute;

    capturing banking information associated with an owner of the property;

    providing a portion of the payment to a named loss payee; and

    providing the residual vale to the owner of the property.

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