06249217 is referenced by 88 patents and cites 14 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
9/430424
Publication Number
6249217 (B1)
Application Date
October 29, 1999
Publication Date
June 19, 2001
Inventor
Mark P Forbes
27758 Santa Margarita Pkwy., #314, Mission Viejo
CA, US
Agent
Stetina Brunda Garred & Brucker
US
IPC
B60R 25/10
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