-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LmyoCkRh/1kH/P0Ob9p/4UjSOmg8CxtW1j8vDdsLBcRqoOgiycG8e06VLp6nclVs s36ECUg5KSGGzkeTGQh9uA== 0000950130-98-000862.txt : 19980225 0000950130-98-000862.hdr.sgml : 19980225 ACCESSION NUMBER: 0000950130-98-000862 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980224 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONEY STORE AUTO TRUST 1997-1 CENTRAL INDEX KEY: 0001036314 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 222293022 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-14075-02 FILM NUMBER: 98548317 BUSINESS ADDRESS: STREET 1: 2840 MORRIS AVE CITY: UNION STATE: NJ ZIP: 07083 BUSINESS PHONE: 9086862200 8-K 1 TMS AUTO HOLDINGS SERIES 1997-1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 -------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event report) 20-Feb-98 TMS Auto Holdings, Inc. (as Seller) under a Sale and Servicing Agreement dated as of February 28, 1997 in connection with the issuance of The Money Store Auto Trust Asset Backed Securities, (Series 1997-1) TMS Auto Holdings, Inc. ================================================================================ (Exact name of regristrant as specified in its charter) Delaware New Jersey 333-14075-02 91-181-5414 State or other (Commission (IRS Employer jurisdiction of File Number) ID Number) incorporation) 2840 Morris Avenue, Union, New Jersey 07083 ------------------------------------------------------------------ (Address of principal executive officer) Registrant's Telephone Number, including area code: 908-686-2000 ------------ n/a ------------------------------------------------------------------ (Former name or former address, if changed since last report) Item 5 Other Events Attached herein as Annex A is a copy of the Monthly Statement sent to the Noteholders 20-Feb-98 and Certificateholders for the remittance date of: Item 7 Financial Statements and Exhibits The quarterly financial statement for the period ended September 30, 1996 for Financial Security Assurance Holdings Ltd. ("FSA") is incorporated by reference to the Form 10Q filed by FSA with the Securities and Exchange Commission on November 11, 1996. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. THE MONEY STORE AUTO TRUST ASSET BACKED SECURITIES, 1997-I By /S/ James K. Ransom ---------------------- James K. Ransom Vice President Dated: 02/28/98 THE MONEY STORE AUTO TRUST 1997-1 6.83% Asset Backed Certificates Certificateholder Statement IN ACCORDANCE WITH SECTION 5.8 OF THE SALE AND SERVICING AGREEMENT DATED AS OF FEBRUARY 28, 1997, THE MONEY STORE AUTO FINANCE INC. REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1997 - 1 FOR THE FEBRUARY 11, 1998 DETERMINATION DATE DISTRIBUTION DATE 02/20/98 MONTHLY PERIOD Jan-98 A. Information Regarding the Current Monthly Distribution : I. CERTIFICATES (a) The aggregate amount of the distribution to Certificateholders 14,798.33 (b) The amount of the distribution set forth in A. 1. (a) above in respect of interest on the Certificates 14,798.33 (c) The amount of the distribution set forth in A. 1. (a) above in respect of principal on the Certificates 0.00 (d) The amount of the distribution in A.1. (a) payable pursuant to a claim on the Certificate Policy 0.00 (e) The remaining outstanding balance available to be drawn under the Certificate Policy 14,798.33 (f) The amount of the distribution set forth in paragraph A.1. (a) above per $1,000 interest in the Certificates 5.6916654 (g) The amount of the distribution set forth in paragraph A.1. (b) above per $1,000 interest in the Certificates 5.6916654 (h) The amount of the distribution set forth in paragraph A.1. (c) above per $1,000 interest in the Certificates 0.0000000 (i) The amount of the distribution set forth in paragraph A.1. (d) above per $1,000 interest in the Certificates 0.0000000 B. Information Regarding the Performance of the Trust : I. POOL BALANCE AND CERTIFICATE PRINCIPAL BALANCE. (a) The Pool Balance as of the close of business on the last day of the Monthly Period 89,497,631.84 (b) The Certificate Principal Balance after giving effect to payments allocated to principal as set forth in Paragraph A.1. (c) 2,600,000.00 (c) The Certificate Factor after giving affect to the payments set forth in paragraph A.1. (c) 1.0000000 (d) The amount of aggregate Realized Losses for the second preceding Month Period 5,661,193.18 (e) The aggregate Purchase Amount for all Receivables that were repurchased in the Monthly Period 0.00 2. SERVICING FEE (a) The aggregate amount of the Servicing Fee paid to the Servicer with respect to the preceding Monthly Period 0.00 3. PAYMENT SHORTFALLS (a) The amount of the Certificateholders' Interest Carryover Shortfall after giving effect to the payments set forth in Paragraph A. 1. (b) above 0.00 (b) The amount of the Certificateholder's Interest Carryover Shortfall set forth in paragraph B.3. (a) above per $1,000 interest with respect to the Certificate: 0.0000000 (c) The amount of the Certificateholders' Principal Carryover Shortfall after giving effect to the payments set forth in Paragraph A.1. (b) above 0.00 (d) The amount of the Certificateholders' Principal Carryover Shortfall set forth in paragraph B.3. (a) above per $1,000 interest with respect to the Certificate: 0.00 4. TRANSFER OF SUBSEQUENT RECEIVABLES (a) Aggregate amount on deposit in the Prefunding Account on such Distribution Date after giving effect to all withdrawals therefrom on such Distribution Date 0.00 (b) Aggregate amount on deposit in the Capitalized Interest Account on such Distribution Date after giving effect to all withdrawals therefrom on such Distribution Date 0.00 (c) Aggregate amount on deposit in the Pre-Funding Account on the final Subsequent Transfer Date after giving effect to all withdrawals therefrom on such Distribution Date 0.00 (d) The amount set forth in paragraph B.4. (a) per $1,000 interest in the Certificates: 0.0000000 (e) The amount set forth in paragraph B.4. (b) to be distributed to Certificateholders per $1,000 interest in the Certificates: 0.0000000 (f) The amount set forth in paragraph B.4. (c) to be distributed to Certificateholders per $1,000 interest in the Certificates: 0.0000000 5. (a) The aggregate amount of collections by the Servicer during the preceding Monthly Period 4,252,982.79 (b) The aggregate amount which was received by the Trust from the Servicer during the preceding Monthly Period 4,865,268.31 (c) The aggregate amount of reimbursements to the Security Insurer during the preceding Monthly Period 0.00 (d) The amount of Receivables that are delinquent for over: 30 days 10,357,171.99 60 days 4,119,018.09 90 days 1,457,855.29 I, Harry Puglisi, Treasurer, represent that The Money Store Auto Finance Inc. complied with section 5.8 of the Sale and Servicing Agreement dated February 28, 1997 pertaining to Series 1997 - 1 in preparing the accompanying Certificateholder Statement. THE MONEY STORE AUTO FINANCE INC. BY: \s\ Harry Puglisi HARRY PUGLISI TREASURER THE MONEY STORE AUTO TRUST 1997-1 Class A-1 6.19% Money Store Asset Backed Notes Class A-2 6.64% Asset Backed Notes IN ACCORDANCE WITH THE SALE AND SERVICING AGREEMENT DATED AS OF FEBRUARY 28, 1997, THE MONEY STORE AUTO FINANCE INC. REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1997 - 1 FOR THE FEBRUARY 11, 1998 DETERMINATION DATE DISTRIBUTION DATE 02/20/98 MONTHLY PERIOD Jan-98 A. Information Regarding the Current Monthly Distribution : I. NOTES (a) The aggregate amount of the distribution with respect to: Class A-1 Notes 4,647,612.38 Class A-2 Notes 201,413.33 (b) The amount of the distribution set forth in paragraph A. 1. (a) above in respect of interest on: Class A-1 Notes 282,997.75 Class A-2 Notes 201,413.33 (c) The amount of the distribution set forth in paragraph A. 1. (a) above in respect of principal of: Class A-1 Notes 4,364,614.63 Class A-2 Notes 0.00 (d) The amount of the distribution in A. 1. (a) payable pursuant to a claim on the Note Policy with respect to: Class A-1 Notes 0.00 Class A-2 Notes 0.00 (e) The remaining outstanding balance available to be drawn under the Note Policy 4,849,025.71 (f) The amount of the distribution set forth in paragraph A. 1. (a) above per $1,000 interest in: Class A-1 Notes 51.0726635 Class A-2 Notes 5.5333332 (g) The amount of the distribution set forth in paragraph A. 1. (b) above per $1,000 interest in: Class A-1 Notes 3.1098654 Class A-2 Notes 5.5333332 (h) The amount of the distribution set forth in paragraph A. 1. (c) above per $1,000 interest in: Class A-1 Notes 47.9627981 Class A-2 Notes 0.0000000 (i) The amount of the distribution set forth in paragraph A. 1. (d) above per $1,000 interest in: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 (j) Prior to the Parity Date, from the Available Funds, to the Note Distribution Account the amount of the distribution set forth in paragraph A. 1. (a) above in respect of principal of: Class A-1 Notes 0.00 Class A-2 Notes 0.00 (k) The amount of the distribution set forth in paragraph A. 1. (j) above per $1,000 interest in: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 B. Information Regarding the Performance of the Trust : 1. POOL BALANCE AND NOTE PRINCIPAL BALANCE (a) The Pool Balance at the close of business on the last day of the Monthly Period 89,497,631.84 (b) The aggregate outstanding principal amount of each Class of Notes after giving effect to payments allocated to principal as set forth in Paragraph A.1 (c) and (j) above with respect to: 5.8(viii) Class A-1 Notes 50,497,631.84 Class A-2 Notes 36,400,000.00 (c) The Note Pool Factor for each Class of Notes after giving effect to the payments set forth in paragraph A.1 (c) with respect to: Class A-1 Notes 0.5549190 Class A-2 Notes 1.0000000 (d) The amount of aggregate Realized Losses for the second preceding Monthly Period 5,661,193.18 (e) The aggregate Purchase Amount for all Receivables 5.8(vii) that were repurchased in the Monthly Period 0.00 2. SERVICING FEE (a) The aggregate amount of the Servicing Fee paid to the Servicer with respect to the preceding Monthly Period 0.00 3. PAYMENT SHORTFALLS (a) The amount of the Noteholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A. 1. (b) above with respect to: Class A-1 Notes 0.00 Class A-2 Notes 0.00 (b) The amount of the Noteholders' Interest Carryover Shortfall set forth in paragraph B.3. (a) above per $1,000 interest with respect to: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 (c) The amount of the Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in Paragraph A. 1. (b) above with respect to: Class A-1 Notes 0.00 Class A-2 Notes 0.00 (d) The amount of the Noteholders' Principal Carryover Shortfall set forth in Paragraph B.3. (a) above per $1,000 interest with respect to: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 4. Transfer of Subsequent Receivables (a) Aggregate amount on deposit in the Pre-Funding Account on such Distribution Date after giving effect to all withdrawals therefrom on such Distribution Date 0.00 (b) Aggregate amount on deposit in the Capitalized Interest Account on such Distribution Date after giving effect to all withdrawals therefrom on such Distribution Date 0.00 (c) Aggregate amount on deposit in the Pre-Funding Account on the final Subsequent Transfer Date after giving effect to all withdrawals therefrom on such Distribution Date 0.00 (d) the amount set forth in paragraph B.4 (a) per $1,000 interest in: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 (e) the amount set forth in paragraph B.4 (b) to be distributed to Noteholders per $1,000 interest in: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 (f) the amount set forth in paragraph B.4 (c) to be distributed to Noteholders per $1,000 interest in: Class A-1 Notes 0.0000000 Class A-2 Notes 0.0000000 (g) The Amount withdrawn from the Pre-Fund Account and transferred to the Collection Account (included in paragraph A.1 (c)): Class A-1 Notes 0.00 (h) the amount set forth in paragraph B.4 (g) to be distributed to Noteholders per $1,000 interest in: Class A-1 Notes 0.0000000 5. (a) The aggregate amount of collections by the Servicer during the preceding Monthly Period 4,252,982.79 (b) The aggregate amount which was received by the Trust from the Servicer during the preceding Monthly Period 4,865,268.31 (c) The aggregate amount of reimbursements to the Security Insurer during the preceding Monthly Period 0.00 (d) The amount of Receivables that are delinquent for over: 30 days 10,357,171.99 60 days 4,119,018.09 90 days 1,457,855.29 6. Other Information 10.3 Weighted Average Coupon (WAC) 19.064% Weighted Average Remaining Terms (WARM) 43.74361 I, Harry Puglisi, Treasurer, represent that The Money Store Auto Finance Inc. complied with section 5.8 of the Sale and Servicing Agreement dated February 28, 1997 pertaining to Series 1997 - 1 in preparing the accompanying Noteholder Statement. THE MONEY STORE AUTO FINANCE INC. BY: \s\ Harry Puglisi HARRY PUGLISI TREASURER -----END PRIVACY-ENHANCED MESSAGE-----