
US Patent No: 6,025,774
Number of patents in Portfolio can not be more than 2000
Method for retrieving vehicular collateral
Stats
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Feb 15, 2000
Issued date -
Jun 24, 1998
filing date -
09/103,419
serial no -
In Force
status
Importance
Abstract
In accordance with the present invention, there is provided a method of securing collateral for a loan when indicated by a loan status wherein the collateral is a vehicle. The method provides for installing a transmitter within the vehicle. The transmitter is capable of transmitting locational data regarding the vehicle. The loan status is monitored for a default condition. A data link is established from a base terminal to the transmitter of the vehicle upon an occurrence of the default condition in the loan status. Locational data is transmitted from the transmitter of the vehicle to the base terminal via the data link. The location of the vehicle is determined from the locational data transmitted to the base terminal. Finally, the vehicle is confiscated.
First Claim
Related Publications
International Classification(s)
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- [Patents Count]
Cited Art
| Patent Info | (Count) | # Cites | Year |
|---|---|---|---|
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| 5,519,621 Vehicle locating and communicating method and apparatus | 173 | 1995 | |
| 5,652,707 Vehicle locating and communicating method and apparatus | 72 | 1996 | |
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| 5,629,693 Clandestine location reporting by a missing vehicle | 75 | 1995 | |
| 5,929,752 Clandestine missing vehicle location reporting using cellular channels | 50 | 1997 | |
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| 5,459,304 Smart card techniques for motor vehicle record administration | 202 | 1994 | |
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| 4,736,294 Data processing methods and apparatus for managing vehicle financing | 139 | 1987 | |
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| 5,914,675 Emergency locator device transmitting location data by wireless telephone communications | 118 | 1996 | |
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| 5,612,683 Security key holder | 43 | 1994 | |
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| 5,323,315 Computer system for monitoring the status of individual items of personal property which serve as collateral for securing financing | 149 | 1991 | |
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| 5,673,305 Apparatus and method for tracking and reporting the location of a motor vehicle | 223 | 1994 | |
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| 5,450,329 Vehicle location method and system | 206 | 1993 | |
| 5,513,244 Remote-controlled anti-theft, theft reporting, or vehicle recovery system and method for motor vehicles | 91 | 1995 | |