SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 reported) June 26, 1997
TMS Auto Holdings, Inc. (as Seller) under a Sale and Servicing
Agreement dated as of May 31, 1997 in connection with the
issuance of The Money Store Auto Trust Asset Backed Securities.
TMS Auto Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-14075 22-3405381
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
1625 West North Market Blvd., Sacramento, California 95834
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (916) 928-4400
N/A
(Former name or former address, if changed since last report)
Item 5. Other Event
This Current Report on Form 8-K is being filed to amend the Form 8-K filed
by the registrant on June 27, 1997. The section entitled "Certain
Characteristics" in the Form 8-K filed on June 27, 1997 is deleted in its
entirety. This Form 8-K presents a revised detailed description of the Initial
Receivables for The Money Store Auto Trust 1997-2 (the "Trust").
On the Closing Date, the Seller delivered to the Trust Initial Receivables
in the amount of $185,927,062.83.
Capitalized terms not defined herein have the meanings assigned in the Sale
and Servicing Agreement filed as Exhibit 4.1 to the Form 8-K filed on June 27,
1997.
Certain Characteristics
The final characteristics of the Initial Receivables are as set forth in
Exhibit 99.1 attached hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Final Characteristics of Initial Receivables
<PAGE>
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.
TMS AUTO HOLDINGS, INC.
By: /s/ Morton Dear
----------------------
Name: Morton Dear
Title: Executive Vice President
Dated: June 26, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No.
Description of Exhibit
99.1 Final Characteristics of Initial Receivables
Exhibit 99.1
The Money Store Auto Trust 1997-2
Final Characteristics of Initial Receivables
The Money Store
Auto Trust 1997-2
Initial Receivables
POOL BAL LOANS AVG BAL
185,927,062.83 18,730 9,926.70
MIN BAL MAX BAL
1,118.50 30,500.00
WTD AVERAGES MIN MAX
WAC 11.48 30 19.46
WAM 12 73 52.88
WAOrigTerm 12 73 54.38
REMAINING BALANCE LOANS AMOUNT $ LOAN %
$0.00 - $2,499.99 128 273,970.64 0.15%
$2,500.00 - $4,999.99 1,695 6,771,624.36 3.64%
$5,000.00 - $7,499.99 3,451 21,942,099.93 11.80%
$7,500.00 - $9,999.99 4,760 41,686,684.89 22.42%
$10,000.00 - $12,499.99 4,187 46,813,686.05 25.18%
$12,500.00 - $14,999.99 2,661 36,256,886.04 19.50%
$15,000.00 - $17,499.99 1,191 19,108,077.73 10.28%
$17,500.00 - $19,999.99 444 8,273,963.96 4.45%
$20,000.00 - $22,499.99 127 2,672,380.31 1.44%
$22,500.00 - $24,999.99 56 1,321,967.52 0.71%
$25,000.00 - $27,499.99 21 545,763.20 0.29%
$27,500.00 - $29,999.99 8 229,458.20 0.12%
$30,000.00 - $32,499.99 1 30,500.00 0.02%
Total: 18,730 185,927,062.83 100.00%
ANNUAL INTEREST RATE LOANS AMOUNT LOAN %
11.000% - 11.999% 2 27,533.61 0.01%
12.000% - 12.999% 1 7,715.83 0.00%
13.000% - 13.999% 6 61,874.89 0.03%
14.000% - 14.999% 92 1,423,538.36 0.77%
15.000% - 15.999% 297 4,217,577.86 2.27%
16.000% - 16.999% 998 13,798,777.37 7.42%
17.000% - 17.999% 2,215 27,490,504.74 14.79%
18.000% - 18.999% 3,317 38,288,263.88 20.59%
19.000% - 19.999% 2,097 22,161,552.81 11.92%
20.000% - 20.999% 3,525 32,696,717.06 17.59%
21.000% - 21.999% 3,384 25,523,403.75 13.73%
22.000% - 22.999% 969 7,736,737.14 4.16%
23.000% - 23.999% 618 4,658,532.97 2.51%
24.000% - 24.999% 622 4,022,042.71 2.16%
25.000% - 25.999% 380 2,467,229.37 1.33%
26.000% - 26.999% 81 578,133.16 0.31%
27.000% - 27.999% 42 309,580.81 0.17%
28.000% - 28.999% 38 241,409.16 0.13%
29.000% - 29.999% 45 210,772.61 0.11%
30.000% - 30.999% 1 5,164.74 0.00%
Total: 18,730 185,927,062.83 100.00%
PRECOMPUTED OR SIMPLE LOANS AMOUNT LOAN %
Precomputed 8,077 76,616,587.96 41.21%
Simple 10,653 109,310,474.87 58.79%
Total: 18,730 185,927,062.83 100.00%
STATE LOANS AMOUNT LOAN %
CA 4,548 38,979,401.25 20.96%
IL 1,604 18,060,874.20 9.71%
FL 1,233 12,419,799.34 6.68%
TX 1,081 12,092,359.47 6.50%
GA 788 9,671,666.70 5.20%
NC 677 7,481,126.04 4.02%
NJ 724 7,057,549.07 3.80%
PA 522 5,503,042.36 2.96%
OR 643 4,829,949.95 2.60%
NV 542 4,785,769.74 2.57%
AL 450 4,679,597.88 2.52%
CO 504 4,619,056.43 2.48%
MO 439 4,402,871.08 2.37%
MD 360 4,402,062.29 2.37%
OH 365 3,703,893.71 1.99%
IN 383 3,589,299.84 1.93%
WA 346 3,319,475.47 1.79%
TN 282 3,214,687.92 1.73%
KY 331 3,154,452.14 1.70%
MI 270 3,147,135.36 1.69%
VA 278 3,123,667.70 1.68%
AZ 265 2,738,247.84 1.47%
SC 252 2,697,031.73 1.45%
MS 217 2,649,377.75 1.42%
OK 228 2,363,761.98 1.27%
UT 216 2,195,205.27 1.18%
KS 182 2,027,741.55 1.09%
CT 185 1,951,988.71 1.05%
NM 173 1,597,619.37 0.86%
IA 117 1,118,492.52 0.60%
WI 89 962,637.89 0.52%
MA 128 951,745.28 0.51%
NH 88 659,516.92 0.35%
RI 65 528,555.00 0.28%
MT 50 437,427.84 0.24%
VT 22 169,077.04 0.09%
ID 18 162,348.73 0.09%
ND 21 157,638.65 0.08%
ME 20 148,121.04 0.08%
SD 15 84,303.81 0.05%
WY 5 54,317.10 0.03%
MN 2 18,600.50 0.01%
DE 2 15,568.37 0.01%
Total: 18,730 185,927,062.83 100.04%
REMAINING TERM LOANS AMOUNT LOAN %
7 Months to 12 Moths 8 16,477.22 0.01%
13 Months to 18 Months 167 498,037.79 0.27%
19 Months to 24 Months 654 2,523,459.50 1.36%
25 Months to 30 Months 587 2,926,669.31 1.57%
31 Months to 36 Months 2,393 14,927,770.27 8.03%
37 Months to 42 Months 1,451 11,233,528.61 6.04%
43 Months to 48 Months 3,490 31,086,001.10 16.72%
49 Months to 54 Months 2,600 27,186,811.95 14.62%
55 Months to 60 Months 5,706 71,062,202.38 38.22%
61 Months to 66 Months 1,337 18,664,390.84 10.04%
67 Months to 72 Months 292 4,972,290.99 2.67%
73 Months to 78 Months 45 829,422.87 0.45%
Total: 18,730 185,927,062.83 100.00%
LOAN TYPE LOANS AMOUNT LOAN %
NEW 1,310 18,680,719.43 10.05%
USED 17,420 167,246,343.40 89.95%
Total: 18,730 185,927,062.83 100.00%
