Liquidating loan

However, there may be any suitable benefits or motivations for the deposit account owner 2 to enter into the agreement. 5, the deposit account 6 preferably does not pay or build interest 7 on the deposited amount, as the funds in the deposit account 6 are loaned on interest 7 and are intended to increase the reported liquidity 8 of the deposit account owner 2.The self liquidating loan is preferably carried out by the processors on servers 5 held by the lending bank 1, and recorded on the computer readable medium of the servers.In the preferred embodiment and in accordance with the FDIC regulations, these funds are allowed to be withdrawn in physical amounts in accordance with law.

Preferably there is a contract 3 with or without a third party conducting oversight.

The principal amount does not leave the possession or accounts of the lending bank. 2014 and entitled “A SAFE SELF LIQUIDATING LOAN FOR BANKS AND A 105 MEDICAL REIMBURSMENT ACCOUNT FOR THE BORROWER”, the priority of which is claimed by this application, and the entire contents and substance of which are hereby incorporated in total by reference. 1 is a schematic representation of the method of the first preferred embodiments, showing the loan amount originating from the lending institution, transferred via one or more of the bank servers and physical instruments of value, and placed into a deposit account linked to the deposit account owner in the lending bank. 2 is a schematic representation of the method of the first preferred embodiments, wherein the deposit account owner pays interest into the deposit account. 3a is a schematic representation of the method of the first preferred embodiments, wherein one or more of the deposit account owner, the employees of the deposit account owner, and the associates of the deposit account owner, are enabled to enroll in one or more of a medical reimbursement program, and a reverse insurance program. 3b is a schematic representation of the method of the first preferred embodiments, wherein one or more of the deposit account owner, the employees of the deposit account owner, and the associates of the deposit account owner, are enabled to enroll in one or more of a government program, an insurance program, a medical program. 3c is a schematic representation of the method of the first preferred embodiments, wherein one or more of the deposit account owner, the employees of the deposit account owner, and the associates of the deposit account owner, are enabled to enroll in the IRS code 105 medical reimbursement program. 4 is a schematic representation of the method of the first preferred embodiments, showing the liquidity maintained by the bank as a result of the program. 5 is a schematic representation of the method of the first preferred embodiments, showing that the deposit account does not pay interest to the deposit account owner or into the deposit account.

The loan is additionally required under contract to have interest paid by the owner of the deposit account for the loan term. The following description of the preferred embodiments of the invention is intended to enable someone skilled in the prior art to make and use this invention, but is not intended to limit the invention to these preferred embodiments. 1, the method of the preferred embodiments provides a loan made to an individual into an account at the lending bank 1, under contract 3 that the owner of the deposit account 6 will leave the principal amount 4 in the account at the lending bank 1 unless authorized to do otherwise by the lending bank 1.

The manager of the IRS code 105 account may manage the loans and borrowers in accordance with the contract 3 of the loan, and also to satisfy the requirements of the IRS code 105 program 11.

In the alternative embodiment, the manager may manage such a system of multiple loans for multiple individuals in association with any suitable program.

Leave a Reply