Patent ID: 6023687
Filing Date: 2000-02-08
Classification: G06Q

Abstract:
A computerized system for creating and managing a lease agreement comprising:a preprogrammed lease control computer including means for processing information regarding a potential lessee, said preprogrammed lease control computer being remote from the lessor and being operated to carry out tasks of a lease control intermediary, said lease control computer having means for storing predetermined data regarding the potential lessee, means to determine the level of financial risk associated with said potential lessee according to predetermined criteria to create and produce, upon determination of an acceptable risk level, a physical manifestation of a service product in the form of a guaranty directed to periodic lease payments received from an actual lessee by said lease control intermediary for payment from said lease control intermediary to said lessor, said guaranty being for a predetermined monetary amount defining a guaranty limit corresponding to a predetermined time period with said guaranty obligation becoming active upon failure of said potential lessee to pay periodic lease payments.