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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-Jun-97
The Money Store Auto Trust Asset Backed Securities, Series 1997-1
- ------------------------------------------------------------------------------
(Exact name of regristrant as specified in its charter)
Delaware
New Jersey 333-14075-02 Applied For
---------- ------------ -----------
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
-------------------
n/a
------------------------------------------------------------------
(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 for the remittance date 20-Jun-97
Item 7 Financial Statements and Exhibits
---------------------------------
The quarterly financial statement for the period ended September 30,
1996 for Financial Security Assurance Holdings Ltd. ("FSA") is incorporated by
reference to the Form 10Q filed by FSA with the Securities and Exchange
Commission on November 11, 1996.
<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 AUTO TRUST
ASSET BACKED SECURITIES, 1997-I
By /S/ James K. Ransom
-------------------------------
James K. Ransom
Vice President
Dated: 06/30/97
<PAGE>
THE MONEY STORE AUTO TRUST 1997-1
6.83% ASSET BACKED CERTIFICATES
CERTIFICATEHOLDER STATEMENT
IN ACCORDANCE WITH SECTION 5.8 OF THE SALE AND SERVICING
AGREEMENT DATED AS OF FEBRUARY 28, 1997, THE MONEY STORE AUTO
FINANCE INC. REPORTS THE FOLLOWING INFORMATION PERTAINING
TO SERIES 1997 - 1 FOR THE JUNE 13, 1997 DETERMINATION DATE
DISTRIBUTION DATE 06/20/97 MONTHLY PERIOD MAY-97
<TABLE>
<S> <C> <C>
A. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION:
I. CERTIFICATES
(a) The aggregate amount of the distribution to
Certificateholders 14,798.33
(b) The amount of the distribution set forth in A. 1. (a) above in
respect of interest on the Certificate 14,798.33 5.8(ii)
(c) The amount of the distribution set forth in A. 1.(a) above in
respect of principal on the Certificates 0.00 5.8(i)
(d) The amount of the distribution in A.1. (a) payable
pursuant to a claim on the Certificate Policy 0.00 5.8(iii)
(e) The remaining outstanding balance available to
be drawn under the Certificate Policy 14,798.33 5.8(iii)
(f) The amount of the distribution set forth
in paragraph A.1. (a) above per $1,000 interest in the Certificates 5.6916654
(g) The amount of the distribution set forth in paragraph
A.1. (b) above per $1,000 interest in the Certificates 5.6916654
(h) The amount of the distribution set forth in paragraph
A.1. (c) above per $1,000 interest in the Certificates 0.0000000
(i) The amount of the distribution set forth in paragraph
A.1. (d) above per $1,000 interest in the Certificates 0.0000000
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST:
I. POOL BALANCE AND CERTIFICATE PRINCIPAL BALANCE.
(a) The Pool Balance as of the close of business
on the last day of the Monthly Period 119,087,642.34 5.8(iv)
(b) The Certificate Principal Balance after giving effect
to payments allocated to principal as set forth in
Paragraph A.1. (c) 2,600,000.00 5.8(v)
(c) The Certificate Factor after giving affect to the payments
set forth in paragraph A.1. (c) 1.0000000
(d) The amount of aggregate Realized Losses for the
second preceding Month Period 30,656.17
(e) The aggregate Purchase Amount for all Receivables that
were repurchased in the Monthly Period 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2. SERVICING FEE
(a) The aggregate amount of the Servicing Fee paid to the
Servicer with respect to the preceding Monthly Period 201,941.48
3. PAYMENT SHORTFALLS
(a) The amount of the Certificateholders' Interest Carryover
Shortfall after giving effect to the payments set forth in
Paragraph A. 1. (b) above 0.00
(b) The amount of the Certificateholder's Interest Carryover
Shortfall set forth in paragraph B.3. (a) above per $1,000
interest with respect to the Certificate: 0.0000000
(c) The amount of the Certificateholders' Principal Carryover
Shortfall after giving effect to the payments set forth in
Paragraph A.1. (b) above 0.00
(d) The amount of the Certificateholders' Principal Carryover Shortfall
set forth in paragraph B.3. (a)above per $1,000 interest with
respect to the Certificate: 0.00
4. TRANSFER OF SUBSEQUENT RECEIVABLES
(a) Aggregate amount on deposit in the Prefunding Account on
such Distribution Date after giving effect to all withdrawals
therefrom on such Distribution Date 0.00
(b) Aggregate amount on deposit in the Capitalized Interest Account
on such Distribution Date after giving effect to all withdrawals
therefrom on such Distribution Date 0.00
(c) Aggregate amount on deposit in the Pre-Funding Account on the
final Subsequent Transfer Date after giving effect to all withdrawals
therefrom on such Distribution Date 0.00
(d) The amount set forth in paragraph B.4. (a) per $1,000
interest in the Certificates: 0.0000000
(e) The amount set forth in paragraph B.4. (b) to be distributed
to Certificateholders per $1,000 interest in the Certificates: 0.0000000
(f) The amount set forth in paragraph B.4. (c) to be distributed
to Certificateholders per $1,000 interest in the Certificates: 0.0000000
5. (a) The aggregate amount of collections by the Servicer during the
preceding Monthly Period 4,744,264.65
(b) The aggregate amount which was received by the Trust from the
Servicer during the preceding Monthly Period 4,744,264.65
(c) The aggregate amount of reimbursements to the Security
Insurer during the preceding Monthly Period 0.00
(d) The amount of Receivables that are delinquent for over:
30 days 4,388,300.79
60 days 1,153,729.44
90 days 174,131.52
</TABLE>
(2)
<PAGE>
I, Harry Puglisi, Treasurer, represent that The Money Store Auto
Finance Inc. complied with section 5.8 of the Sale and Servicing
Agreement dated February 28, 1997 pertaining to Series 1997 -1 in
preparing the accompanying Certificateholder Statement.
THE MONEY STORE AUTO FINANCE INC.
BY: \s\ Harry Puglisi
-------------------
HARRY PUGLISI
TREASURER
<PAGE>
THE MONEY STORE AUTO TRUST 1997-1
CLASS A-1 6.19% MONEY STORE ASSET BACKED NOTES
CLASS A-2 6.64% ASSET BACKED NOTES
IN ACCORDANCE WITH THE SALE AND SERVICING AGREEMENT DATED AS OF FEBRUARY 28,
1997, THE MONEY STORE AUTO FINANCE INC. REPORTS THE FOLLOWING INFORMATION
PERTAINING TO SERIES 1997- 1 FOR THE JUNE 13, 1997 DETERMINATION DATE
DISTRIBUTION 06/20/97 MONTHLY PERIOD MAY-97
<TABLE>
<S> <C> <C>
A. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION :
I. NOTES
(a) The aggregate amount of the distribution with respect to:
Class A-1 Notes 4,329,925.69
Class A-2 Notes 201,413.33
(b) The amount of the distribution set forth in paragraph A. 1.
(a) above in respect of interest on:
Class A-1 Notes 440,149.74 5.8(ii)
Class A-2 Notes 201,413.33
(c) The amount of the distribution set forth in paragraph A. 1.
(a) above in respect of principal of:
Class A-1 Notes 2,852,068.23 5.8(i)
Class A-2 Notes 0.00
(d) The amount of the distribution in A. 1. (a) payable pursuant
to a claim on the Note Policy with respect to:
Class A-1 Notes 0.00 5.8(iii)
Class A-2 Notes 0.00
(e) The remaining outstanding balance available to be drawn
under the Note Policy 4,531,339.02 5.8(iii)
(f) The amount of the distribution set forth in paragraph A. 1.
(a) above per $1,000 interest in:
Class A-1 Notes 47.5816010
Class A-2 Notes 5.5333332
(g) The amount of the distribution set forth in paragraph A. 1.
(b) above per $1,000 interest in:
Class A-1 Notes 4.8368103
Class A-2 Notes 5.5333332
(h) The amount of the distribution set forth in paragraph A. 1.
(c) above per $1,000 interest in:
Class A-1 Notes 31.3414091
Class A-2 Notes 0.0000000
(i) The amount of the distribution set forth in paragraph A. 1.
(d) above per $1,000 interest in:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
(j) Prior to the Parity Date, from the Available Funds, to the
Note Distribution Account the amount of the distribution set
forth in paragraph A. 1. (a) above in respect of principal
of:
Class A-1 Notes 1,037,707.72
Class A-2 Notes 0.00
(k) The amount of the distribution set forth in paragraph A. 1.
(j) above per $1,000 interest in:
Class A-1 Notes 11.4033816
Class A-2 Notes 0.0000000
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST :
1. POOL BALANCE AND NOTE PRINCIPAL BALANCE
(a) The Pool Balance at the close of business on the last day of
the Monthly Period 119,087,642.34 5.8(iv)
(b) The aggregate outstanding principal amount of each Class of
Notes after giving effect to payments allocated to principal
as set forth in Paragraph A.1 (c) and (j) above with respect
to:
Class A-1 Notes 81,438,122.90 5.8(v)
Class A-2 Notes 36,400,000.00
(c) The Note Pool Factor for each Class of Notes after giving
effect to the payments set forth in paragraph A.1 (c) with
respect to:
Class A-1 Notes 0.8949244
Class A-2 Notes 1.0000000
(d) The amount of aggregate Realized Losses for the second
preceding Monthly Period 30,656.17 5.8(viii)
(e) The aggregate Purchase Amount for all Receivables that were
repurchased in the Monthly Period 0.00 5.8(ix)
2. SERVICING FEE
(a) The aggregate amount of the Servicing Fee paid to the
Servicer with respect to the preceding Monthly Period 201,941.48 5.8(vi)
3. 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 5.8(vii)
Class A-2 Notes 0.00
(b) The amount of the Noteholders' Interest Carryover Shortfall
set forth in paragraph B.3. (a) above per $1,000 interest
with respect to:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
(c) The amount of the Noteholders' Principal 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 5.8(vii)
Class A-2 Notes 0.00
(d) The amount of the Noteholders' Principal Carryover Shortfall
set forth in Paragraph B.3. (a) above per $1,000 interest
with respect to:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
(2)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
4. TRANSFER OF SUBSEQUENT RECEIVABLES
(a) Aggregate amount on deposit in the Pre-Funding
Account on such Distribution Date after giving effect
to all withdrawals therefrom on such Distribution Date 0.00 5.8(x)
(b) Aggregate amount on deposit in the Capitalized
Interest Account on such Distribution Date after giving
effect to all withdrawals therefrom on such Distribution
Date 0.00 5.8(x)
(c) Aggregate amount on deposit in the Pre-Funding
Account on the final Subsequent Transfer Date after
giving effect to all withdrawals therefrom on such
Distribution Date 0.00 5.8(xi)
(d) the amount set forth in paragraph B_4 (a) per $1000
interest in:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
(e) the amount set forth in paragraph B.4 (b) to be distributed
to Noteholders per $1,000 interest in:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
(f) the amount set forth in paragraph B.4 (c) to be distributed
to Noteholders per $1,000 interest in:
Class A-1 Notes 0.0000000
Class A-2 Notes 0.0000000
(g) The Amount withdrawn from the Pre-Fund Account and transferred
to the Collection Account (included in paragraph A .1 (c)):
Class A-1 Notes 0.00 5.8(xi)
(h) the amount set forth in paragraph B.4 (g) to be distributed
to Noteholders per $1,000 interest in:
Class A-1 Notes 0.0000000
5. (a) The aggregate amount of collections by the Servicer
during the preceding Monthly Period 4,744,264.65 5.8(xii)
(b) The aggregate amount which was received by the
Trust from the Servicer during the preceding Monthly
Period 4,744,264.65 5.8(xiii)
(c) The aggregate amount of reimbursements to the
Security Insurer during the preceding Monthly
Period 0.00 5.8(xiv)
(d) The amount of Receivables that are delinquent for
over:
30 days 4,388,300.79 5.8(xv)
60 days 1,153,729.44
90 days 174,131.52
6. Other Information 10.3
Weighted Average Coupon (WAC) 19.200%
Weighted Average Remaining Terms (WARM) 51.19
</TABLE>
(3)
<PAGE>
I, Harry Puglisi, Treasurer, represent that The Money Store Auto Finance Inc.
complied with section 5.8 of the Sale and Servicing Agreement dated February 28,
1997 pertaining to Series 1997 - 1 in preparing the accompanying Noteholder
Statement.
THE MONEY STORE AUTO FINANCE INC.
BY: \s\ Harry Puglisi
----------------------
HARRY PUGLISI
TREASURER
(4)
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