Patents by Inventor Robert M. Mauldin, III
Robert M. Mauldin, III has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 8577792Abstract: A method for process monitoring is disclosed. A borrower is offered a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan. The proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection (PP) entity on behalf of the borrower in response to a covered event occurring.Type: GrantFiled: July 7, 2010Date of Patent: November 5, 2013Assignee: Bank of America CorporationInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Patent number: 8380620Abstract: 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.Type: GrantFiled: July 7, 2010Date of Patent: February 19, 2013Assignee: Bank of America CorporationInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Patent number: 8255301Abstract: A method of debt cancellation is described. Occurrence data representative of an occurrence of a triggering event on a customer is received. A current benefit amount associated with the customer is determined, and a current amount of debt in the account of the customer is determined. A determination is made as to whether the current amount of debt in the account of the customer is less than the current benefit amount associated with the customer. The current amount of debt in the account of the customer may then be canceled to zero, and a new current benefit amount associated with the customer is maintained as the difference between the current benefit amount and the current amount of debt in the account of the customer prior to canceling.Type: GrantFiled: August 22, 2007Date of Patent: August 28, 2012Assignee: Bank of America CorporationInventors: Courtland A. Willin, Eric H. H. Choltus, Robert M. Mauldin, III
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Publication number: 20120046974Abstract: Embodiments of the invention include systems, methods, and computer-program products that provide for a unique unemployment insurance underwriting system. In one embodiment of the invention, the unemployment insurance underwriting system receives a request to enroll in the unemployment insurance from a user. The system then receives data associated with the user from a financial institution. The system then determines the benefits to be paid to the user based, in some cases, on the data received from the financial institution. The system then determines whether the user qualifies to enroll in the unemployment insurance based on the benefits and the user data. In an embodiment of the invention, the unemployment insurance provides benefits for monthly expenses to users that have become involuntarily unemployed.Type: ApplicationFiled: August 23, 2010Publication date: February 23, 2012Applicant: BANK OF AMERICA CORPORATIONInventors: Robert H. Eshleman, Robert M. Mauldin, III, Allan S. Voltz, III, Jeffrey H. Bierer
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Publication number: 20120046973Abstract: Embodiments of the invention include systems, methods, and computer-program products that provide for a unique unemployment insurance marketing system. In one embodiment of the invention, the unemployment insurance marketing system determines selection criteria for the unemployment insurance product. The system then receives data associated with a user, the data received from a financial institution. The system compares the selection criteria with the user data to determine whether the user qualifies to receive an offer. If the user qualifies to receive an offer, the system offers the unemployment insurance to the user. In another embodiment of the invention, the offer is customized to the user's expenses. For example, the offer may be customized based on user's expenses in an online bill payment system.Type: ApplicationFiled: August 23, 2010Publication date: February 23, 2012Applicant: BANK OF AMERICA CORPORATIONInventors: Robert H. Eshleman, Robert M. Mauldin, III, Allan S. Voltz, III, Jeffrey H. Bierer
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Publication number: 20110087594Abstract: A system and method for providing emergency reserve conditional credit to a customer of a financial institution. The emergency conditional credit may be provided to the customer in the form of a line-of-credit or a loan based on the occurrence of a predetermined condition, such as involuntary unemployment, disability or the like. The emergency reserve product of the present invention is a product that can be offered through a financial institution or other ER-providing entity and, as such, does not require the level of regulation required of an insurance product. The invention also provides for the emergency reserve product to be offered in conjunction with a debt cancellation feature, referred to as emergency reserve protection, which serves to cancel the outstanding debt associated with the loan or line-of-credit.Type: ApplicationFiled: October 4, 2010Publication date: April 14, 2011Applicant: BANK OF AMERICA CORPORATIONInventors: Jeffrey H. Bierer, Robert M. Mauldin, III
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Publication number: 20100293083Abstract: A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments in order for the borrower to avoid defaulting on the loan. 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.Type: ApplicationFiled: July 7, 2010Publication date: November 18, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Publication number: 20100293092Abstract: A method for process monitoring is disclosed. A borrower is offered a foreclosure prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the foreclosure prevention and protection plan. The foreclosure prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a foreclosure prevention and protection (FPP) entity on behalf of the borrower in response to a covered event occurring. The foreclosure prevention and protection plan additionally may allow for paying/cancelling the debt's investor in response to loss of the property by the borrower.Type: ApplicationFiled: July 7, 2010Publication date: November 18, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman