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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 report) JANUARY 15, 1997
The Money Store Inc. (as Representative under a Pooling and Servicing
Agreement dated as of February 29, 1996 providing for the issuance of
TMS SBA Loan-Backed Adjustable Rate Certificates, Series 1996-1, 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.
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(Exact name of regristrant as specified in its charter)
33-98734
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New Jersey 33-84492 68-6127681
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State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
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(Address of principal executive officer)
Registrant's Telephone Number,
including area code: 908-686-2000
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n/a
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(Former name or former address, if changed since last report)
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Item 5 Other Events
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Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the January 15, 1997 Remittance
Date.
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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
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Name: Harry Puglisi
Title: Treasurer
Dated: JANUARY 24, 1997
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SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 29, 1996, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1996 - 1 FOR
THE JANUARY 10, 1997 DETERMINATION DATE
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<CAPTION>
<S> <C>
1. AVAILABLE FUNDS $5,539,147.32
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 88,385,840.06
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 6,652,697.64
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 95,038,040.03
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 11
(B) DOLLARS 437,684.36
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 79,029.20
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 213,731.33
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE AGENT
OF THE SBA's FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE
AND PORTION PAYABLE TO REGISTERED HOLDERS 1,185,791.54
7. (A) AMOUNT OF MONTHLY ADVANCE 0
(B) AMOUNT OF COMPENSATING INTEREST 1,183.04
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
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<S> <C>
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 456,660.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (881.06)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 455,779.24
4.90085204
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 37,421.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (72.16)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 37,349.24
5.33560571
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 679,313.75
(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) RECALCULATED PRINCIPAL ADJUSTMENT 7,430.72
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 686,744.47
7.38434914
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 51,131.14
(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) RECALCULATED PRINCIPAL ADJUSTMENT 559.30
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 51,690.44
7.38434857
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS ***********
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
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<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 87,699,095.59
943.00102785
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 6,601,007.20
943.00102857
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 94,299,605.12
942.99605120
13. (A) EXCESS SPREAD 248,389.88
(B) EXTRA INTEREST 296,320.80
(C) SPREAD ACCOUNT BALANCE 3,854,370.36
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,855,145.08
14. (A) WEIGHTED AVERAGE MATURITY 229.930
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.427%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 113,648.74
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 125,800.75
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,751.90
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) 112,679.21
17. (A) CLASS A REMITTANCE RATE 6.200%
(B) CLASS B REMITTANCE RATE 6.750%
18. OTHER INFORMATION AS REQUESTED 0.00
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I, Harry Puglisi, Treasurer, represent that The Money Store Investment
Corporation complied with section 6.09 of the Pooling and Servicing Agreement
dated March 29, 1996 pertaining to Series 1996 - 1 in preparing the accompanying
Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
By: \S\ Harry Puglisi
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HARRY PUGLISI
TREASURER
