Method and system for automatically producing loan documents
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
Apr 2, 2002
Grant Date -
N/A
app pub date -
Apr 5, 2000
filing date -
Apr 5, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A method for automating legal documents particularly for institutional and commercial loans includes the steps of providing in a database a plurality of provisions, including a plurality of standard clauses for each provision, and at least one optional clause associated with each standard clause, and a lender ranking value for each optional clause; selecting either the standard clause or the associated optional clause for each provision; allocating a borrower ranking value to each selected optional clause; comparing the associated lender ranking value to the borrower ranking value for each selected optional clause for determining which of the standard clauses will be retained and which of the selected optional clauses associated with the standard clause will be accepted to replace the standard clause; and generating a loan document having each of the accepted selected optional clauses and each of the retained standard clauses.
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