Income curtailment protection
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United States of America Patent
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-
Feb 19, 2013
Grant Date -
Nov 18, 2010
app pub date -
Jul 7, 2010
filing date -
Jun 25, 2004
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments. If income curtailment has occurred, a determination is made as to what portion of the periodic payment is to be covered on behalf of the borrower. The determined portion of the periodic payment is covered by an entity other than the borrower on behalf of the borrower.
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