“By using a Patented System 60/40 The Plan, Inc. pioneers a seamless fusion of innovation and practicality, redefining the landscape of homeownership.”

What is a Utility Patent?

A utility patent is a type of patent granted by the United States Patent and Trademark Office (USPTO) that protects new and useful inventions. This invention is U.S. Patent No. 8,583,525 B1:

• Processes: Methods or procedures, such as a new way to manufacture a product or a novel method of treating a disease.

A utility patent gives the inventor the right to exclude others from making, using, selling, or importing the invention for a limited period, typically 20 years from the filing date of the patent application. To be granted a utility patent, the invention must be:

• Novel: It must be different from anything previously known or used.
• Non-obvious: It must not be something that would be easily thought of by someone with knowledge and experience in the subject area.
• Useful: It must have a practical application or benefit.

Utility patents are the most common type of patents and cover a wide range of inventions across various industries.

To participate government entities, banks, and financial companies must enter into franchise agreements that grant licensing and rights to use the patent. Enable them to enhance loan performance, reduce default rates, and increase the value of their loan portfolios. Once they have improved the credit quality of a portfolio, they will be in a position to monetize the enhanced value through various disposition strategies, which will also help bring additional revenues for them.

THE PLAN offers an efficient cost effective way to address the increasing volume of under performing loans while improving the overall values of currently held mortgage portfolios and does it in the private sector and with the use of private funds.