Method and apparatus for monitoring guaranteed loans and notifying guarantors
First Claim
1. A method, executed on a data processing system, of notifying a guarantor of events likely to affect a guaranteed loan, comprising:
- providing loan data with information on at least one guaranteed loan wherein the loan data includes information about the loan;
monitoring, by the data processing system, changes in the loan data;
determining when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met; and
providing a notification to the guarantor based on the determination that the loan terms may not be met.
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Accused Products
Abstract
A method and apparatus are provided for notifying a guarantor associated with a guaranteed loan of events likely to affect their interest in the guaranteed loan. The disclosed method and apparatus provides loan data with information on at least one guaranteed loan wherein the loan data includes information on the terms of the loan. The method and apparatus then monitors changes in the loan data and determines when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met. Based on the determination the method and apparatus provides a notification to the guarantor based on the determination that the loan terms may not be met.
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Citations
26 Claims
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1. A method, executed on a data processing system, of notifying a guarantor of events likely to affect a guaranteed loan, comprising:
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providing loan data with information on at least one guaranteed loan wherein the loan data includes information about the loan; monitoring, by the data processing system, changes in the loan data; determining when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met; and providing a notification to the guarantor based on the determination that the loan terms may not be met. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. An apparatus for notifying a guarantor associated with a guaranteed loan of events likely to affect their interest in the guaranteed loan, comprising:
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a processor; and a memory containing instructions capable of executing on the processor that provide loan data with information on at least one guaranteed loan wherein the loan data includes information on the terms of the loan, monitor changes in the loan data, determine when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met, and provide a notification to the guarantor based on the determination that the loan terms may not be met. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. An apparatus for notifying a guarantor of events likely to affect a guaranteed loan, comprising:
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a providing module configured to provide loan data with information on at least one guaranteed loan wherein the loan data includes information about the loan; a monitoring module configured to monitor changes in the loan data;
a determination module configured to determine when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met; anda notification module configured to provide a notification to the guarantor based on the determination that the loan terms may not be met.
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24. A computer-readable medium including instructions for performing a method, when executed by a processor, for notifying a guarantor of events likely to affect a guaranteed loan, the method comprising:
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providing loan data with information on at least one guaranteed loan wherein the loan data includes information about the loan; monitoring changes in the loan data; determining when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met; and providing a notification to the guarantor based on the determination that the loan terms may not be met.
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25. A method, executed on a data processing system, of notifying a guarantor of events likely to affect a guaranteed loan, comprising:
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providing loan data with information on at least one guaranteed loan wherein the loan data includes information about the loan; monitoring changes in the loan data; determining when changes in the loan data corresponding to the at least one guaranteed loan indicates a possibility that a default on the loan may occur; and providing a notification to the guarantor based on the determination that a default on the loan may occur. - View Dependent Claims (26)
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Specification