06025774 is referenced by 122 patents and cites 12 patents.

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.

Title
Method for retrieving vehicular collateral
Application Number
9/103419
Publication Number
6025774
Application Date
June 24, 1998
Publication Date
February 15, 2000
Inventor
Mark P Forbes
27758 Santa Margarita Pkwy., #314, Mission Viejo, 92691
CA, US
Agent
Stetina Brunda Garred & Brucker
IPC
B60R 25/10
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