<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
EQCC HOME EQUITY LOAN TRUST 1997-A
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(Exact name of registrant as specified in governing instruments)
Delaware 333-20675 59-3353406
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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
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Not Applicable
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(Former name or former address, if changed since last report)
Total Number of Pages 11
Exhibit Index Located at Page 5
Page 1 of 11
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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 1996-1 to holders of
Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class
A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates and Class R
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
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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 1997-A
(Registrant)
EQUICREDIT CORPORATION OF AMERICA
as Representative
December 15, 1997 BY: /s/ JOHN D. EVANS, JR.
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John D. Evans, Jr.
Senior Vice President
4
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
<S> <C> <C>
Sequentially
EXHIBIT Numbered
NUMBER Exhibit Page
- ------- ------- ------------
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
EQUICREDIT FUNDING TRUST 1997-A
PYMT PER FROM DATE DECEMBER 15, 1997
PYMT PER TO DATE JANUARY 15, 1998
PER $1,000 PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL
CLASS A-1 CLASS A-2 CLASS A-3
- ----------------------------------------------------------------------- ------------------ ------------- ------------------
<S> <C> <C> <C> <C>
86,192,000.00 50,383,000.00 14,255,000.00
CLASS A-1 PRINCIPAL BALANCE (Beginning)................ 58,908,059.16 683.45158669
CLASS A-2 PRINCIPAL BALANCE (Beginning)................ 50,383,000.00 1000.00000000
CLASS A-3 PRINCIPAL BALANCE (Beginning)................ 14,255,000.00 1000.00000000
CLASS A-4 PRINCIPAL BALANCE (Beginning)................ 10,123,000.00
CLASS A-5 PRINCIPAL BALANCE (Beginning)................ 9,524,000.00
CLASS A-6 PRINCIPAL BALANCE (Beginning)................ 18,942,000.00
CLASS A-7 PRINCIPAL BALANCE (Beginning)................ 4,685,630.26
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).......... 162,135,059.16 1881.09173891 3218.05091320 11373.90804349
Variable Rate POOL PRINCIPAL BALANCE (Beginning)....... 4,685,630.26
Total POOL PRINCIPAL BALANCE (Beginning)............... 166,820,689.42 1935.45444380 3311.05113669 11702.60886847
MORTGAGES:
NUMBER OF PRINCIPAL PREPAYMENTS........................ 102
PRINCIPAL BALANCE OF Fixed Rate MORTGAGES PREPAYING.... 3,729,418.10 43.26872680 74.02135839 261.62175377
PRINCIPAL BALANCE OF Var. Rate MORTGAGES PREPAYING..... 114,495.69
PRINCIPAL BALANCE OF MORTGAGES PREPAYING............... 3,843,913.79 44.59710634 76.29386480 269.65372080
AMOUNT OF Fixed Rate CURTAILMENTS RECEIVED............. 31,512.64 0.36560980 0.62546176 2.21063767
AMOUNT OF Variable Rate CURTAILMENTS RECEIVED.......... 585.76
TOTAL AMOUNT OF CURTAILMENTS RECEIVED.................. 32,098.40 0.37240579 0.63708791 2.25172922
AGGREGATE AMOUNT OF PRINCIPAL PORTION OF -
MONTHLY PAYMENTS RECEIVED-- Fixed Rate Pool............ 249,269.40 2.89202478 4.94749022 17.48645388
MONTHLY PAYMENTS RECEIVED-- Var. Rate Pool............. 2,223.61
MONTHLY PAYMENTS RECEIVED-- Total Pool................. 251,493.01 2.91782312 4.99162436 17.64244195
ENDING CLASS A-1 PRINCIPAL BALANCE..................... 54,858,498.19 636.46856077
ENDING CLASS A-2 PRINCIPAL BALANCE..................... 50,383,000.00 1000.00000000
ENDING CLASS A-3 PRINCIPAL BALANCE..................... 14,255,000.00 1000.00000000
ENDING CLASS A-4 PRINCIPAL BALANCE..................... 10,123,000.00
ENDING CLASS A-5 PRINCIPAL BALANCE..................... 9,524,000.00
ENDING CLASS A-6 PRINCIPAL BALANCE..................... 18,942,000.00
ENDING CLASS A-7 PRINCIPAL BALANCE..................... 4,568,325.20
Fixed Rate POOL PRINCIPAL BALANCE (Ending)............. 158,085,498.19 1834.10871299 3137.67537046 11089.82800351
Variable Rate POOL PRINCIPAL BALANCE (Ending).......... 4,568,325.20
Total POOL PRINCIPAL BALANCE (Ending).................. 162,653,823.39 1887.11044401 3228.34732727 11410.29978183
<CAPTION>
PER $1,000 PER $1,000 PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL
CLASS A-4 CLASS A-5 CLASS A-6 CLASS A- 7
- ------------------------------------------------------- -------------- -------------- ------------- --------------
<S> <C> <C> <C> <C>
10,123,000.00 9,524,000.00 18,942,000.00 5,124,000.00
CLASS A-1 PRINCIPAL BALANCE (Beginning)................
CLASS A-2 PRINCIPAL BALANCE (Beginning)................
CLASS A-3 PRINCIPAL BALANCE (Beginning)................
CLASS A-4 PRINCIPAL BALANCE (Beginning)................ 1000.00000000
CLASS A-5 PRINCIPAL BALANCE (Beginning)................ 1000.00000000
CLASS A-6 PRINCIPAL BALANCE (Beginning)................ 1000.00000000
CLASS A-7 PRINCIPAL BALANCE (Beginning)................ 914.44774785
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).......... 16016.50292996 17023.84073499 8559.55332911
Variable Rate POOL PRINCIPAL BALANCE (Beginning)....... 914.44774785
Total POOL PRINCIPAL BALANCE (Beginning)............... 16479.37265830 17515.82207266 8806.92056911 32556.73095628
MORTGAGES:
NUMBER OF PRINCIPAL PREPAYMENTS........................
PRINCIPAL BALANCE OF Fixed Rate MORTGAGES PREPAYING.... 368.41036254 391.58106888 196.88618414
PRINCIPAL BALANCE OF Var. Rate MORTGAGES PREPAYING..... 6.04454070 22.34498244
PRINCIPAL BALANCE OF MORTGAGES PREPAYING............... 379.72081300 403.60287589 202.93072484 750.17833528
AMOUNT OF Fixed Rate CURTAILMENTS RECEIVED............. 3.11297441 3.30876102 1.66363848
AMOUNT OF Variable Rate CURTAILMENTS RECEIVED.......... 0.03092387 0.11431694
TOTAL AMOUNT OF CURTAILMENTS RECEIVED.................. 3.17083868 3.37026459 1.69456235 6.26432475
AGGREGATE AMOUNT OF PRINCIPAL PORTION OF -
MONTHLY PAYMENTS RECEIVED-- Fixed Rate Pool............ 24.62406401 26.17276354 13.15961356
MONTHLY PAYMENTS RECEIVED-- Var. Rate Pool............. 0.11739046 0.43395980
MONTHLY PAYMENTS RECEIVED-- Total Pool................. 24.84372320 26.40623793 13.27700401 49.08138368
ENDING CLASS A-1 PRINCIPAL BALANCE.....................
ENDING CLASS A-2 PRINCIPAL BALANCE.....................
ENDING CLASS A-3 PRINCIPAL BALANCE.....................
ENDING CLASS A-4 PRINCIPAL BALANCE..................... 1000.00000000
ENDING CLASS A-5 PRINCIPAL BALANCE..................... 1000.00000000
ENDING CLASS A-6 PRINCIPAL BALANCE..................... 1000.00000000
ENDING CLASS A-7 PRINCIPAL BALANCE..................... 891.55448868
Fixed Rate POOL PRINCIPAL BALANCE (Ending)............. 15616.46727156 16598.64533704 8345.76592704
Variable Rate POOL PRINCIPAL BALANCE (Ending).......... 891.55448868
Total POOL PRINCIPAL BALANCE (Ending).................. 16067.74902598 17078.30988975 8586.94031201 31743.52525176
</TABLE>
