EXHIBIT 25
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
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STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) X
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BANK ONE, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
A National Banking Association 36-0899825
(I.R.S. employer
identification number)
1 Bank One Plaza, Chicago, Illinois 60670-0126
(Address of principal executive offices) (Zip Code)
Bank One, National Association
1 Bank One Plaza, Suite IL1-0126
Chicago, Illinois 60670-0126
Attn: Steven M. Wagner, (312) 407-1819
(Name, address and telephone number of agent for service)
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CWABS MASTER TRUST
(Exact name of obligor as specified in its charter)
Delaware Applied For
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
c/o Wilmington Trust Company
Rodney Square North
Wilmington, Delaware 19890-0001
(Address of principal executive offices) (Zip Code)
Revolving Home Equity Loan Asset Backed Notes, Series 2000-D
(Title of Indenture Securities)Item 1. General Information. Furnish the
following information as to the trustee:
(a) Name and address of each examining or
supervising authority to which it is subject.
Comptroller of Currency, Washington, D.C.;
Federal Deposit Insurance Corporation,
Washington, D.C.; The Board of Governors of
the Federal Reserve System, Washington D.C..
(b) Whether it is authorized to exercise
corporate trust powers.
The trustee is authorized to exercise corporate trust
powers.
Item 2. Affiliations With the Obligor. If the obligor
is an affiliate of the trustee, describe each
such affiliation.
No such affiliation exists with the trustee.
Item 16. List of exhibits. List below all exhibits filed as a
part of this Statement of Eligibility.
1. A copy of the articles of association of the
trustee now in effect.*
2. A copy of the certificates of authority of the
trustee to commence business.*
3. A copy of the authorization of the trustee to
exercise corporate trust powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not Applicable.
6. The consent of the trustee required by
Section 321(b) of the Act.
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7. A copy of the latest report of condition of the
trustee published pursuant to law or the
requirements of its supervising or examining
authority.
8. Not Applicable.
9. Not Applicable.
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bank One, National Association, a national
banking association organized and existing under the laws of the
United States of America, has duly caused this Statement of
Eligibility to be signed on its behalf by the undersigned, thereunto
duly authorized, all in the City of Chicago and State of Illinois, on
the 17th day of November, 2000.
Bank One, National Association,
Trustee
By /s/ Steven M. Wagner
Steven M. Wagner
First Vice President
* Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 of Bank One, National
Association, filed as Exhibit 25 to the Registration Statement on Form S-3 of
Household Finance Corporation filed with the Securities and Exchange
Commission on March 24, 2000 (Registration No. 333-33240).
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EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
November 17, 2000
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In connection with the qualification of an indenture between CWABS Master
Trust, and Bank One, National Association, as Trustee, the undersigned, in
accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended,
hereby consents that the reports of examinations of the undersigned, made by
Federal or State authorities authorized to make such examinations, may be
furnished by such authorities to the Securities and Exchange Commission upon
its request therefor.
Very truly yours,
Bank One, National Association
By: /s/ Steven M. Wagner
Steven M. Wagner
First Vice President
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EXHIBIT 7
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Legal Title of Bank: Bank One, NA Call Date: 06/30/00 ST-BK: 17-1630 FFIEC 031
Address: 1 Bank One Plaza, Ste 0303 Page RC-1
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
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Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for June 30, 2000
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.
Schedule RC--Balance Sheet
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Dollar Amounts in thousands C400
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RCFD BIL MIL THOU
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFD
a. Noninterest-bearing balances and currency and coin(1)............ 0081 7,526,899 1.a
b. Interest-bearing balances(2)..................................... 0071 7,575,812 1.b
2. Securities
a. Held-to-maturity securities(from Schedule RC-B, column A) 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)..... 1773 7,158,535 2.b
3. Federal funds sold and securities purchased under agreements to resell 1350 8,132,221 3.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income (from Schedule RCFD
RC-C)............................................................... 2122 56,784,990 4.a
b. LESS: Allowance for loan and lease losses........................ 3123 812,053,221 4.b
c. LESS: Allocated transfer risk reserve............................ 3128 0 4.c
d. Loans and leases, net of unearned income, allowance, and RCFD
reserve (item 4.a minus 4.b and 4.c)............................. 2125 55,972,937 4.d
5. Trading assets (from Schedule RD-D)................................. 3545 5,189,518 5.
6. Premises and fixed assets (including capitalized leases)............ 2145 637,997 6.
7. Other real estate owned (from Schedule RC-M)........................ 2150 1,695 7.
8. Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M)...................................... 2130 341,140 8.
9. Customers' liability to this bank on acceptances outstanding 2155 497,442 9.
10. Intangible assets (from Schedule RC-M).............................. 2143 212,828 10.
11. Other assets (from Schedule RC-F)................................... 2160 2,547,817 11.
12. Total assets (sum of items 1 through 11)............................ 2170 95,794,841 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
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Legal Title of Bank: Bank One, NA Call Date: 06/30/00 ST-BK: 17-1630 FFIEC 031
Address: 1 Bank One Plaza, Ste 0303 Page RC-1
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
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Schedule RC-Continued
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C RCON
from Schedule RC-E, part 1)................... 2200 25,536,469 13.a
(1) Noninterest-bearing(1).................... 6631 10,190,185 13.a1
(2) Interest-bearing.......................... 6636 15,346,284 13.a2
b. In foreign offices, Edge and Agreement subsidiaries, and RCFN
IBFs (from Schedule RC-E, part II)... 2200 29,886,075 13.b
(1) Noninterest bearing....................... 6631 968,523 13.b1
(2) Interest-bearing.......................... 6636 28,917,552 13.b2
14. Federal funds purchased and securities sold under agreements
to repurchase: RCFD 2800 1,649,139 14
15. a. Demand notes issued to the U.S. Treasury RCON 2840 1,069,021 15.a
b. Trading Liabilities(from Schedule RC-D)............................. RCFD 3548 3,406,923 15.b
16. Other borrowed money: RCFD
a. With original maturity of one year or less.... 2332 18,292,450 16.a
b. With original maturity of more than one year. A547 3,396,127 16.b
c. With original maturity of more than three years.............. A548 1,122,303 16.c
17. Not applicable
18. Bank's liability on acceptance executed and outstanding 2920 497,442 18.
19. Subordinated notes and debentures................ 3200 3,400,000 19.
20. Other liabilities (from Schedule RC-G)........... 2930 1,786,069 20.
21. Total liabilities (sum of items 13 through 20)... 2948 90,042,018 21.
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus.... 3838 0 23.
24. Common stock..................................... 3230 200,858 24.
25. Surplus (exclude all surplus related to preferred stock) 3839 3,660,673 25.
26.a. Undivided profits and capital reserves......... 3632 1,986,539 26.a
b. Net unrealized holding gains (losses) on available-for-sale
securities.................................... 8434 ( 96,698) 26.b
c. Accumulated net gains (losses) on cash flow hedges....... 4336 0 26.c
27. Cumulative foreign currency translation adjustments 3284 1,451 27.
28. Total equity capital (sum of items 23 through 27) 3210 5,752,823 28.
29. Total liabilities, limited-life preferred stock, and equity
capital (sum of items 21, 22, and 28)............ 3300 95,794,841 29.
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Memorandum
To be reported only with the March Report of Condition.
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1. Indicate in the box at the right the number of the statement below that best describes the most
comprehensive level of auditing work performed for the bank by independent external
auditors as of any date during 1996 . . . . . . . . . . . . . . . . ...RCFD 6724 /N/A/ Number
1 = Independent audit of the bank conducted in accordance 4. = Directors' examination of the bank performed by M.1
with generally accepted auditing standards by a certified other external auditors (may be required by
public accounting firm which submits a report on the bank state chartering authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by
conducted in accordance with generally accepted auditing external auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements
submits a report on the consolidated holding company by external auditors
(but not on the bank separately) 7 = Other audit procedures (excluding tax
3 = Directors' examination of the bank conducted in preparation work)
accordance with generally accepted auditing standards 8 = No external audit work
by a certified public accounting firm (may be required
by state chartering authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
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