-----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, C2mIjR9HfW2uEY/ucIcKvNcQtyskVsj722qclM7UL2000ffbN1bek19EYJMsl7gZ YLAAVXX4YGQvdEh/uqL34g== 0000950130-97-004742.txt : 19971103 0000950130-97-004742.hdr.sgml : 19971103 ACCESSION NUMBER: 0000950130-97-004742 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971015 ITEM INFORMATION: FILED AS OF DATE: 19971031 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: 97705557 BUSINESS ADDRESS: STREET 1: 2840 MORRIS AVE CITY: UNION STATE: NJ ZIP: 07083 BUSINESS PHONE: 9086862200 8-K 1 CURRENT REPORT 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) OCTOBER 15, 1997 The Money Store Inc. (as Representative under a Pooling and Servicing Agreement dated as of August 31, 1997 providing for the issuance of TMS SBA Loan-Backed Adjustable Rate Certificates, Series 1997-1, Class A and Class B), The Money Store Investment Corporation, The Money Store Commercial Mortgage Inc. and The Money Store of New York, Inc. The Money Store, Inc. - -------------------------------------------------------------------------------- (Exact name of regristrant as specified in its charter) New Jersey 333-20817 Applied For State or other (Commission (IRS Employer jurisdiction of File Number) ID Number) incorporation) 2840 Morris Avenue, Union, New Jersey 7083 -------------------------------------------------------------- (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 Class A Certificate holders with respect to the October 15, 1997 Remittance Date. 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 INC. THE MONEY STORE INVESTMENT CORPORATION THE MONEY STORE COMMERCIAL MORTGAGE INC. THE MONEY STORE OF NEW YORK INC. By: \S\ Harry Puglisi ------------------------------------------ Name: Harry Puglisi Title: Treasurer Dated: October 31, 1997 SERVICER'S CERTIFICATE IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF AUGUST 31, 1997, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1997-1 FOR THE OCTOBER 09, 1997 DETERMINATION DATE SERIES 1997-1 1. AVAILABLE FUNDS $2,486,815.19 2. (A) ORIGINAL CLASS A CERTIFICATE PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 130,200,000.00 (B) ORIGINAL CLASS B CERTIFICATE PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 9,800,000.00 (C) ORIGINAL POOL PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 124,075,084.21 3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD (A) NUMBER OF ACCOUNTS 0 (B) DOLLARS 0.00 4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 48,266.11 5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF PRINCIPAL RECEIVED DURING THE DUE PERIOD 292,030.69 6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION PAYABLE TO REGISTERED HOLDERS 1,872,313.38 7. (A) AMOUNT OF MONTHLY ADVANCE 0.00 (B) AMOUNT OF COMPENSATING INTEREST 2,535.96 8. DELINQUENCY AND FORECLOSURE INFORMATION (SEE EXHIBIT K)
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY REALIZED LOSSES ON A LIQUIDATED LOAN 0.00 10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT: (i) ACCRUED INTEREST 678,125.10 (ii) SHORTFALL, IF ANY, ON A PRECEDING REMITTANCE DATE PLUS INTEREST 0.00 (iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (955.96) ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 677,169.14 5.20099186 (B) CLASS B INTEREST DISTRIBUTION AMOUNT: (i) ACCRUED INTEREST 54,961.80 (ii) SHORTFALL, IF ANY, ON A PRECEDING REMITTANCE DATE PLUS INTEREST 0.00 (iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (77.60) ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 54,884.20 5.60042857 (C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT: (i) UNGUARANTEED PERCENTAGE OF PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 316,476.02 (ii) PRINCIPAL PORTION OF THE UNGUARANTEED INTEREST PURCHASED FOR BREACH OF WARRANTY AND RECEIVED BY THE TRUSTEE 0.00 (iii) SUBSTITUTION ADJUSTMENTS 0.00 (iv) UNGUARANTEED PERCENTAGE OF LOSSES THAT WERE LIQUIDATED 0.00 (v) UNGUARANTEED PERCENTAGE OF SBA LOAN DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00 (vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00 (vii) RECALCULATED PRINCIPAL ADJUSTMENT (132,531.99) TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 183,944.03 1.41278057 (D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT: (i) UNGUARANTEED PERCENTAGE OF PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 23,820.78 (ii) PRINCIPAL PORTION OF THE UNGUARANTEED INTEREST PURCHASED FOR BREACH OF WARRANTY AND RECEIVED BY THE TRUSTEE 0.00 (iii) SUBSTITUTION ADJUSTMENTS 0.00 (iv) UNGUARANTEED PERCENTAGE OF LOSSES THAT WERE LIQUIDATED 0.00 (v) UNGUARANTEED PERCENTAGE OF SBA LOAN DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00 (vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00 (vii) RECALCULATED PRINCIPAL ADJUSTMENT (9,975.53) TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 13,845.25 1.41278061
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 620,375.42 (B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00 12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 130,016,055.97 998.58721943 (B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 9,786,154.75 998.58721939 (C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 123,877,294.93 884.83782093 13. (A) EXCESS SPREAD 760,104.15 (B) EXTRA INTEREST 396,668.10 (C) SPREAD ACCOUNT BALANCE 620,375.42 (D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,335,705.32 14. (A) WEIGHTED AVERAGE MATURITY 223.615 (B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.569% 15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 139,080.00 (B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 147,971.08 (C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 6,203.75 16. AMOUNT OF REIMBURSEMENTS PURSUANT TO: (A) SECTION 5.04 (b) 0.00 (B) SECTION 5.04 (c) 0.00 (C) SECTION 5.04 (d)(ii) 0.00 (D) SECTION 5.04 (e) 0.00 (E) SECTION 5.04 (f) 0.00 17. (A) CLASS A REMITTANCE RATE 6.250% (B) CLASS B REMITTANCE RATE 6.730%
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT MORTGAGE LOANS PURCHASED DURING THE PRIOR DUE PERIOD 0.00 (B) AMOUNT ON DEPOSIT IN THE PRE-FUNDING ACCOUNT AS OF THE END OF SUCH DUE PERIOD 15,924,915.79 19. OTHER INFORMATION AS REQUESTED
I, Harry Puglisi, Treasurer, represent that The Money Store Investment Corporation complied with section 6.09 of the Pooling and Servicing Agreement dated August 31, 1997 pertaining to Series 1997 - 1 in preparing the accompanying Servicer's Certificate. THE MONEY STORE INVESTMENT CORPORATION By: /s/ Harry Puglisi --------------------- HARRY PUGLISI TREASURER -----END PRIVACY-ENHANCED MESSAGE-----