Apparatus and method for providing collateral construction loan insurance coverage
CA 2339385 A1 · Owner: Dillard, Greg · Inventors: Dillard, Greg
Overview
Its claims, description and drawings are in the Canadian Patents Database.
Open the CIPO recordAbstract From the Canadian patent
A centralized automated apparatus (10) for lending institutions (16) to initiate (44), report (52), and confirm insurance coverage (34) on buildings (20) used as collateral for construction loans under a single builder's risk policy (15) provided by an insurance provider (14) with the lending institution (14) named as the named insured and the borrower/builder (18) named as additional insured. Coverage rates are computed for construction loans added to the system by the lending institution (16) using rate information provided by the insurance provider (14). Premium payments are transferred (46, 62) from the lending institution to the insurance provider for active loans from …
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Listed from its CIPO record in Patent Yard's archive of Canadian patents past their term. Its claims, description and drawings are in the CIPO record and on Google Patents, and the Claude kit works from them.
Why it's free to use
- Filed May 31, 2000. No grant is recorded for it in Canada; had it been granted, its 20-year term would have ended May 31, 2020.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by May 31, 2022.
- We check Canadian rights only. A patent in its family in another country could still be in force: check its family on Google Patents.
Timeline
Timeline From CIPO dates
Sources & verification
Official CIPO records
Everything on this page comes from the CIPO record linked above. Contains information licensed under the Open Government Licence – Canada.