|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NEW PAMECO GEORGIA CORP, S-1/A, 1997-05-01 |
Next: MONEY STORE HOME EQUITY LOAN TRUST 1997-A, 8-K, 1997-05-01 |
<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) 21-Apr-97
TMS Auto Holdings, Inc. (as Seller) under a Sale and Servicing Agreement
dated as of February 28, 1997 in connection with the issuance of The Money
Store Auto Trust Asset Backed Securities, (Series 1997-I)
TMS Auto Holdings, Inc.
--------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware
New Jersey 333-14075-02 Applied For
---------- ------------ -----------
State or other (Commission (IRS Employer
jurisdiction File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
-------------------------------------------------------------
(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 21-Apr-97
Item 7 Financial Statements and Exhibits
---------------------------------
The quarterly financial statement for the period ended September
30, for Financial Security Assurance Holdings Ltd. ("FSA") is incorporated
by 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.
TMS AUTO HOLDINGS, INC.
By /S/ James K. Ransom
--------------------------
James K. Ransom
Vice President
Dated: 04/30/97
<PAGE>
THE MONEY STORE AUTO TRUST 1997-1
6.83% Asset Backed Certificates REVISED 4/14/97
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 APRIL 14, 1997 DETERMINATION DATE
DISTRIBUTION DATE 04/21/97 MONTHLY PERIOD Mar-97
<TABLE>
<S> <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 Certificates 14,798.33
(c) The amount of the distribution set forth in A. 1. (a) above in
respect of principal on the Certificates 0.00
(d) The amount of the distribution in A.1. (a) payable
pursuant to a claim on the Certificate Policy 0.00
(e) The remaining outstanding balance available to
be drawn under the Certificate Policy 14,798.33
(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 98,992,339.31
(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
(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 0.00
(e) The aggregate Purchase Amount for all Receivables that
were repurchased in the Monthly Period 0.00
</TABLE>
<PAGE>
<TABLE>
<S>
2. SERVICING FEE <C>
(a) The aggregate amount of the Servicing Fee paid to the
Servicer with respect to the preceding Monthly Period 130,836.85
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 26,095,415.50
(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: 10,036.6982692
(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 1,922,351.53
(b) The aggregate amount which was received by the Trust from the
Servicer during the preceding Monthly Period 1,922,351.53
(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 781,648.44
60 days 0.00
90 days 0.00
</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
(3)
<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
REVISED 4/14/97
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 APRIL 14, 1997 DETERMINATION DATE
DISTRIBUTION DATE 04/21/97 MONTHLY PERIOD Mar-97
A. Information Regarding the Current Monthly Distribution :
I. NOTES
<TABLE>
<S> <C>
(a) The aggregate amount of the distribution with respect
to:
Class A-1 Notes 1,634,733.46
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 469,408.33
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 1,125,837.42
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
Class A-2 Notes 0.00
(e) The remaining outstanding balance available to be drawn
under the Note Policy 1,836,146.79
(f) The amount of the distribution set forth in paragraph A. 1. (a)
above per $1,000 interest in:
Class A-1 Notes 17.9641039
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 5.1583333
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 12.3718398
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
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(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 39,487.71
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 0.4339309
Class A-2 Notes 0.0000000
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 98,992,339.31
(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 89,834,674.87
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 0.9871942
Class A-2 Notes 1.0000000
(d) The amount of aggregate Realized Losses for the
second preceding Monthly Period 0.00
(e) The aggregate Purchase Amount for all Receivables
that were repurchased in the Monthly Period 0.00
2. SERVICING FEE
(a) The aggregate amount of the Servicing Fee paid to the
Servicer with respect to the preceding Monthly Period 130,836.85
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
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
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
</TABLE>
( 2 )
<PAGE>
<TABLE>
<S> <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 26,095,415.50
(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:
Class A-1 Notes 286.7628077
Class A-2 Notes 716.9070192
(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
(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 1,922,351.53
(b) The aggregate amount which was received by the
Trust from the Servicer during the preceding Monthly
Period 1,922,351.53
(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 781,648.44
60 days 0.00
90 days 0.00
6. Other Information
Weighted Average Coupon (WAC) 19.210%
Weighted Average Remaining Terms (WARM) 52.72
</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
|
|