<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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8-K
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 15, 1997
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EQCC HOME EQUITY LOAN TRUST 1996-3
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(Exact name of registrant as specified in governing instruments)
Delaware 33-99344 59-3392265
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
organization)
10401 Deerwood Park Boulevard, Jacksonville, Florida 32256
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(Address of principal offices) (Zip Code)
Registrant's telephone number, including area code: (904) 987-5000
----------------------
Not Applicable
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(Former name or former address, if changed since last report)
Total Number of Pages 10
Exhibit Index Located at Page 5
Page 1 of 10
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Items 1 through 4, Item 6, and Item 8 are not included because they are not
applicable.
Item 5. Other Events.
(a) Merger. On September 26, 1994, EquiCredit Corporation (the "Company")
entered into an Agreement and Plan of Merger (the "Merger Agreement") with
Barnett Banks, Inc. ("Barnett Banks") and a Delaware corporation to be formed as
wholly-owned subsidiary of Barnett Banks (the "Merger Subsidiary"). The
transaction was consummated on January 27, 1995.
(b) On August 15, 1996, (the "August Remittance Date") a scheduled distribution
was made from EQCC Home Equity Loan Trust 1996-2 to holders of Class A-1
Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4
Certificates and Class A-5 Certificates. The information contained in the
Trustee's Remittance Report in respect of the August Remittance Date, attached
hereto as Exhibit 99, is hereby incorporated by reference.
2
<PAGE>
As of October 1, 1993, Old Stone Credit Corporation is n/k/a EquiCredit
Corporation of America.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements - Not Applicable
(b) Pro Forma Financial Information - Not Applicable
(c) Exhibits
(Exhibit numbers conform to Item 601 of Regulation S-K):
99 Trustee's Remittance Report in respect of the August
Remittance Date.
[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
3
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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 the
undersigned hereto duly authorized.
EQCC HOME EQUITY LOAN TRUST 1996-3
(Registrant)
EQUICREDIT CORPORATION OF AMERICA
as Representative
December 15, 1997 BY: /s/ JOHN D. EVANS,
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John D. Evans, Jr.
Senior Vice President
4
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Sequentially
EXHIBIT Numbered
NUMBER Exhibit Page
------- ------- --------------
<S> <C>
99 -- Trustee's Remittance Report in respect of the
August Remittance Date. 7
</TABLE>
[ THIS SPACE IS INTENTIONALLY LEFT BLANK ]
5
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EXHIBIT 99
Trustee's Remittance Report in respect of the August Remittance Date.
[ THIS SPACE IS INTENTIONALLY LEFT BLANK ]
6
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<TABLE>
<CAPTION>
FIRST BANK NATIONAL ASSOCIATION
AS TRUSTEE
EQCC HOME EQUITY LOAN ASSET BACKED CERTIFICATES, SERIES 1996-3
PYMT PER FROM DATE DEC. 15, 1997
PYMT PER TO DATE JAN. 15, 1998
PER $1,000 PER $1,000 PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL
CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4
12,945,000.00 45,164,000.00 58,109,000.00 113,126,000.00
- --------------------------------------------------- ------------------ ------------- ------------- --------------
<S> <C> <C> <C> <C> <C>
CLASS A-1 PRINCIPAL BALANCE
(Beginning)...................... 0.00 0.00000000
CLASS A-2 PRINCIPAL BALANCE
(Beginning)...................... 11,738,504.83 259.90844090
CLASS A-3 PRINCIPAL BALANCE
(Beginning)...................... 11,738,504.84 202.00837796
CLASS A-4 PRINCIPAL BALANCE
(Beginning)...................... 113,126,000.00 1000.00000000
CLASS A-5 PRINCIPAL BALANCE
(Beginning)...................... 30,202,000.00
CLASS A-6 PRINCIPAL BALANCE
(Beginning)...................... 46,956,000.00
CLASS A-7 PRINCIPAL BALANCE
(Beginning)...................... 20,092,000.00
Total POOL PRINCIPAL BALANCE
(Beginning)...................... 233,853,009.65 18065.12241406 5177.86311332 4024.38537318 2067.19065157
MORTGAGES:
NUMBER OF PRINCIPAL PREPAYMENTS.... 180
PRINCIPAL BALANCE OF MORTGAGES
PREPAYING........................ 7,392,633.82 571.08024874 163.68421353 127.22011771 65.34867157
TOTAL AMOUNT OF CURTAILMENTS
RECEIVED......................... 71,857.57 5.55099034 1.59103644 1.23659967 0.63519942
MONTHLY PAYMENTS RECEIVED.......... 401,813.43 31.04004867 8.89676357 6.91482266 3.55191052
ENDING CLASS A-1 PRINCIPAL
BALANCE.......................... 0.00 0.00000000
ENDING CLASS A-2 PRINCIPAL
BALANCE.......................... 7,703,202.88 170.56068727
ENDING CLASS A-3 PRINCIPAL
BALANCE.......................... 7,703,202.89 132.56471270
ENDING CLASS A-4 PRINCIPAL
BALANCE.......................... 113,126,000.00 1000.00000000
ENDING CLASS A-5 PRINCIPAL
BALANCE.......................... 30,202,000.00
ENDING CLASS A-6 PRINCIPAL
BALANCE.......................... 46,956,000.00
ENDING CLASS A-7 PRINCIPAL
BALANCE.......................... 20,092,000.00
Total POOL PRINCIPAL BALANCE
(Ending)......................... 225,782,405.76 17441.66904287 4999.16760606 3885.49804264 1995.84892739
<CAPTION>
PER $1,000
ORIGINAL BAL
CLASS A-5
30,202,000.00
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<S> <C>
CLASS A-1 PRINCIPAL BALANCE
(Beginning)......................
CLASS A-2 PRINCIPAL BALANCE
(Beginning)......................
CLASS A-3 PRINCIPAL BALANCE
(Beginning)......................
CLASS A-4 PRINCIPAL BALANCE
(Beginning)......................
CLASS A-5 PRINCIPAL BALANCE
(Beginning)...................... 1000.00000000
CLASS A-6 PRINCIPAL BALANCE
(Beginning)......................
CLASS A-7 PRINCIPAL BALANCE
(Beginning)......................
Total POOL PRINCIPAL BALANCE
(Beginning)...................... 7742.96436163
MORTGAGES:
NUMBER OF PRINCIPAL PREPAYMENTS....
PRINCIPAL BALANCE OF MORTGAGES
PREPAYING........................ 244.77298921
TOTAL AMOUNT OF CURTAILMENTS
RECEIVED......................... 2.37923217
MONTHLY PAYMENTS RECEIVED.......... 13.30419939
ENDING CLASS A-1 PRINCIPAL
BALANCE..........................
ENDING CLASS A-2 PRINCIPAL
BALANCE..........................
ENDING CLASS A-3 PRINCIPAL
BALANCE..........................
ENDING CLASS A-4 PRINCIPAL
BALANCE..........................
ENDING CLASS A-5 PRINCIPAL
BALANCE.......................... 1000.00000000
ENDING CLASS A-6 PRINCIPAL
BALANCE..........................
ENDING CLASS A-7 PRINCIPAL
BALANCE..........................
Total POOL PRINCIPAL BALANCE
(Ending)......................... 7475.74351897
</TABLE>
