Invention Grant
- Patent Title: Method and system for effecting payment to a municipality and receiving a certificate of payment
- Patent Title (中): 向市政府付款并领取付款证明的方式和制度
-
Application No.: US13591551Application Date: 2012-08-22
-
Publication No.: US08682789B2Publication Date: 2014-03-25
- Inventor: Radni Davoodi , Raymond Y. Davoodi , Nicholas Yannello
- Applicant: Radni Davoodi , Raymond Y. Davoodi , Nicholas Yannello
- Applicant Address: US NY Great Neck
- Assignee: Municipality Real Time Payments Systems, LLC
- Current Assignee: Municipality Real Time Payments Systems, LLC
- Current Assignee Address: US NY Great Neck
- Agency: Carter, Deluca, Farrell & Schmidt, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A real estate closing payment system and method for transferring funds of a closing party to a municipality, where the funds are associated with fees due with respect to a particular real estate property, is provided. The system includes a registration module configured to register the closing party and a funding source of which the funds will be transferred from, a calculation module configured to calculate an amount of the funds due to the municipality, a transfer module configured to transfer the funds from the funding source of the closing party to the municipality, and a certification module configured to generate a certificate of payment and deliver the certificate of payment to the closing party, municipality, and/or an appropriate recording institution.
Public/Granted literature
- US20140058931A1 METHOD AND SYSTEM FOR EFFECTING PAYMENT TO A MUNICIPALITY AND RECEIVING A CERTIFICATE OF PAYMENT Public/Granted day:2014-02-27
Information query