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<PAGE>
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-Aug-96
The Money Store Inc. (as Representative) and TMS Auto Holdings,
Inc. (as Seller) under a Sale and Servicing Agreement dated
as of March 31, 1996 in conection with the issuance of TMS Auto
Trust Asset Backed Securities, (Series 1996-1).
The Money Store Inc.
TMS Auto Holdings, Inc.
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(Exact name of regristrant as specified in its charter)
Delaware 22-3405381
New Jersey 33-94518 22-2293022
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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)
<PAGE>
Item 5 Other Events
----------------------------
Attached herein as Annex A is a copy of the Monthly Statement sent to the
Noteholders and Certificateholders with respect to the August 20, 1996
Remittance Date.
<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.
THE MONEY STORE INC.
TMS AUTO HOLDINGS, INC.
By /S/ James K. Ransom
-----------------------
James K. Ransom
Vice President
Dated: 08/20/96
<PAGE>
TMS AUTO RECEIVABLES TRUST 1996-1
Class A-1 5.6375% Money Store Asset Backed Notes
Class A-2 Floating Rate Asset Backed Notes
Class A-3 6.85% Asset Backed Notes
REVISED
IN ACCORDANCE WITH THE SALE AND SERVICING AGREEMENT
DATED AS OF MAY 31, 1996, THE MONEY STORE AUTO FINANCE INC.
REPORTS THE FOLLOWING INFORMATION PERTAINING
TO SERIES 1996 - 1 FOR THE AUGUST 15, 1996 DETERMINATION DATE
DISTRIBUTION DATE 08/20/96 MONTHLY PERIOD Jul-96
A. Information Regarding the Current Monthly Distribution:
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I. NOTES
(a) The aggregate amount of the distribution to
Noteholders' from the Collection Account with respect to:
Class A-1 Notes 4,608,615.82
Class A-2 Notes 402,159.68
Class A-3 Notes 330,512.50
(b) The amount of the distribution set forth in A.1.(a)
above in respect of interest from the Collection Account:
Class A-1 Notes 190,881.81
Class A-2 Notes 402,159.68
Class A-3 Notes 330,512.50
(c) The amount of the distribution set forth in A.1.(a)
above in respect of principal from the Collection
Account:
Class A-1 Notes 4,417,734.01
Class A-2 Notes 0.00
Class A-3 Notes 0.00
(d) The amount of such distribution payable out of amounts
withdrawn from the Spread Account or pursuant to a claim
on the Policy (Deficiency Claim Amount) with respect to:
Class A-1 Notes 0.00
Class A-2 Notes 0.00
Class A-3 Notes 0.00
(e) The amount of the distribution set forth in A.1.(a)
above per $1,000 interest with respect to:
Class A-1 Notes 102.1866035
Class A-2 Notes 4.4684409
Class A-3 Notes 5.7083333
(f) The amount of the distribution set forth in A.1.(b)
above per $1,000 interest with respect to:
Class A-1 Notes 4.2324126
Class A-2 Notes 4.4684409
Class A-3 Notes 5.7083333
(g) The amount of the distribution set forth in A.1.(c)
above per $1,000 interest with respect to:
Class A-1 Notes 97.9541909
Class A-2 Notes 0.0000000
Class A-3 Notes 0.0000000
(h) The amount of the distribution set forth in A.1.(d)
above per $1,000 interest with respect to:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
Class A-3 Notes 0.0000000
</TABLE>
<PAGE>
B. Information Regarding the Performance of the Trust:
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1. POOL AND NOTE BALANCES
(a) The Pool Balance as of the close of business
on the last day of the preceding Monthly Period 192,514,502.03
(b) The Class Note Balances as of the close of business
on the last day of the preceding Monthly Period, after
giving effect to payments allocated to principal set
forth in Paragraph A.1.(c) above wtih respect to:
Class A-1 Notes 37,615,597.77
Class A-2 Notes 90,000,000.00
Class A-3 Notes 57,900,000.00
(c) The Class Note Factor as of the close of business on the
last day of the preceding Monthly Period with respect to:
Class A-1 Notes 0.8340487
Class A-2 Notes 1.0000000
Class A-3 Notes 1.0000000
2. SERVICING FEE
(a) The aggregate amount of the Servicing Fee paid to the
Servicer with respect to the preceding Monthly Period
from the Collection Account 136,730.45
(b) The amount of such Servicing Fee per $ 1,000 interest 0.6836523
(c) The amount of any unpaid Servicing Fee 0.00
(d) The change in the amount of any unpaid Servicing Fee
from the previous Distribution Date 0.00
3. OTHER FEES
(a) The aggregate amount of Trustee Fees paid to the Trustee
from the Collection Account 333.33
(b) The aggregate amount of Insurance Premium paid to the
Noteholders' Insurer from the Collection Account 38,649.08
4. 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
Class A-3 Notes 0.00
(b) The amount of such Interest Carryover Shortfall
per $1,000 Interest
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
Class A-3 Notes 0.0000000
(c) The change in the amount of the Interest Carryover Shortfall
from the previous Distribution Date 0.00
(d) The amount of the Principal Carryover Shortfall after
giving effect to the payments set forth in Paragraph
A.1.(c) above 0.00
(e) The amount of such Principal Carryover Shortfall
per $1,000 Interest 0.0000000
(f) The change in the amount of the Principal Carryover Shortfall
from the previous Distribution Date 0.00
</TABLE>
(2)
<PAGE>
<TABLE>
<S> <C>
5. REALIZED LOSSES
(a) Realized Losses for the Period funded by the Spread Account 13,863.39
1. Cram Down Losses 519.31
2. Losses on Liquidated Receivables 13,344.08
(b) Aggregate Realized Losses, if any,
1. Preceding Monthly Period Jul-96 18,767.67
2. Second preceding Monthly Period Jul-96 0.00
6. PURCHASE AMOUNTS
The aggregate Purchase Amounts for Receivables,
if any, that were repurchased in such period 0.00
7. PAYAHEAD ACCOUNT
(a) The aggregate Payahead Balance 261,269.11
(b) The change in the Payahead Balance from the
previous Distribution Date 179,620.12
(1) The aggregate Payaheads pursuant to Section 5.6
for the Monthly Period which were transferred from
the Collection Account to the Payahead Account. 219,586.79
(2) The portion of the Payaheads constituting Scheduled
Payments on PreComputed Receivables or the portion
that are applied to Prepay a PreComputed Receivable in
full pursuant to Section 5.6 which were transferred from
the Payahead Account to the Collection Account. 39,966.67
(c) The investment earnings on funds in the Payahead Account
(transferred from the Payahead to the Collection Account) and
remitted to the Seller as Supplemental Servicing Fee 3.79
8. SPREAD ACCOUNT
(a) The Spread Account balance after giving effect to
distributions made on such Distribution Date 8,275,700.59
(b) The change in the Spread Account balance on such
Distribution Date 1,928,192.76
(c) The Amount withdrawn from the Spread Account and
payable to the Certificateholders (Deficiency Claim Amount) 0.00
(d) The Amount withdrawn from the Spread Account and
payable to the Seller (Remaining Funds). 0.00
(e) The investment earnings on funds in the Spread Account
(transferred from the Spread to the Collection Account) and
remitted to the Seller as Supplemental Servicing Fee 2,125.05
9. THE POLICY
The amount distributable from the Policy and payable to the
Noteholders, after giving effect to withdrawals from the
Spread Account (Deficiency Claim Amount) 0.00
10. THE NOTICES
(a) Pursuant to Section 5.4, there is a Deficiency Claim Amount of
$0.00 to be withdrawn from the Spread Account to fund the
amount payable on the related Distribution Date for items (i) thru (vi)
of Section 5.6 (
(b) Pursuant to Section 5A.1, there is a Deficiency Claim Amount of
$0.00 to be withdrawn from the Policy to fund the amount
payable on the related Distribution Date for items (i) thru (vi) of
Section 5.6 (b)
</TABLE>
(3)
<PAGE>
<TABLE>
<S> <C>
11. TERMINATION OF TRUST
The amount to be distributed to the Certificateholders from the Collection
Account pursuant to the Termination of the Trust ( Section 307 ) 0.00
12. PRE-FUND ACCOUNT
(a) The Pre-Fund Account balance after giving effect to
distributions made on such Distribution Date 0.00
(b) The Pre-Fund Account Balance per $1,000 interest
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
Class A-3 Notes 0.0000000
(c) The Amount withdrawn from the Pre-Fund Account and transferred
to the Collection Account (payable to the Noteholders) 1,095.74
(d) The amount of Pre-Fund Account distribution per $1,000 interest 0.1565343
(e) The interest earnings on funds in the Pre-Fund Account
(transferred from the Pre-Fund to the Collection Account) and
remitted to the Seller as Supplemental Servicing Fee 26,867.22
13. CAPITALIZED INTEREST ACCOUNT
(a) The Capitalized Interest Account balance after giving effect to
distributions made on such Distribution Date 0.00
(b) The Amount withdrawn from the Capitalized Interest Account
and transferred to the Collection Account (payable to the
Certificateholders and Noteholders) 230,172.25
(c) The Amount withdrawn from the Capitalized Interest Account
and transferred to the Collection Account (payable to the
Sellers) 189,019.48
(e) The interest earnings on funds in the Capitalized Interest Account
(transferred from the Capitalized Interest to the Collection Account)
and remitted to the Seller as Supplemental Servicing Fee 225.25
14. OTHER INFORMATION
Pursuant to Section 4.9(b)(i)
(a) Delinquency Ratio 3.4390%
(b) Average Delinquency Ratio 2.4377%
(c) Default Rate 0.8864%
(d) Average Default Rate 0.5283%
(e) Net Loss Rate 0.1090%
(f) Average Net Loss Rate 0.0545%
Pursuant to Section 4.9(b)(ii)
Trigger Event occurred as of NO
Pursuant to Section 4.9(b)(iii)
Prior Trigger Event Deemed Cured as NO
Pursuant to Section 4.9(b)(iv)
Insurance Agreement Event of Default NO
Weighted Average Coupon Rate 19.530
Weighted Average Remaining Terms 49.690
**NOTE** Pursuant to Section 5.2 (b)
Amount deposited into the Collection Account due to
mistaken deposits, postings or checks returned for
insufficient funds to be reimbursed to the Servicer 0.00
</TABLE>
(4)
<PAGE>
I, Harry Puglisi, Treasurer, represent that The Money Store Auto Finance Inc.
complied with section 4.9 of the Pooling and Servicing Agreement dated May 31
1996 pertaining to Series 1996 - 1 in preparing the accompanying Servicer's
Noteholders' Statement.
THE MONEY STORE AUTO FINANCE INC.
BY: /s/ Harry Puglisi
---------------------------
HARRY PUGLISI
TREASURER
(5)
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