<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------
8-K
------------------------------
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-B
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(Exact name of registrant as specified in governing instruments)
Delaware 333-20675 59-3466219
---------------- ---------------- ------------------
(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) 987-500
-------------------
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-B
(Registrant)
EQUICREDIT CORPORATION OF AMERICA
as Representative
December 15, 1997 BY: /s/ JOHN D. EVANS, JR.
- ----------------- -------------------------------
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> <C>
99 -- Trustee's Remittance Report in respect of the
August Remittance Date. 7
</TABLE>
[ THIS SPACE IS INTENTIONALLY LEFT BLANK ]
5
<PAGE>
EXHIBIT 99
Trustee's Remittance Report in respect of the August Remittance Date.
[ THIS SPACE IS INTENTIONALLY LEFT BLANK ]
6
<PAGE>
<TABLE>
<CAPTION>
U. S. BANK NATIONAL ASSOCIATION
AS TRUSTEE
EQUICREDIT FUNDING TRUST 1997-B
PYMT PER FROM DATE DECEMBER 15, 1997
PYMT PER TO DATE JANUARY 15, 1998
PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL
CLASS A-1 CLASS A-2
------------------- --------------
<S> <C> <C> <C>
28,390,000.00 18,290,000.00
CLASS A-1 PRINCIPAL BALANCE (Beginning).......................... 23,187,183.07 816.73769179
CLASS A-2 PRINCIPAL BALANCE (Beginning).......................... 18,290,000.00 1000.00000000
CLASS A-3 PRINCIPAL BALANCE (Beginning).......................... 31,700,000.00
CLASS A-4 PRINCIPAL BALANCE (Beginning).......................... 17,270,000.00
CLASS A-5 PRINCIPAL BALANCE (Beginning).......................... 24,800,000.00
CLASS A-6 PRINCIPAL BALANCE (Beginning).......................... 12,750,000.00
CLASS A-7 PRINCIPAL BALANCE (Beginning).......................... 14,800,000.00
CLASS A-8 PRINCIPAL BALANCE (Beginning).......................... 24,233,659.51
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 142,797,183.07 5029.84089715 7807.39109185
Variable Rate POOL PRINCIPAL BALANCE (Beginning)................. 24,233,659.51
Total POOL PRINCIPAL BALANCE (Beginning)......................... 167,030,842.58 5883.43933005 9132.35880700
ENDING CLASS A-1 PRINCIPAL BALANCE............................... 20,725,883.85 730.04169954
ENDING CLASS A-2 PRINCIPAL BALANCE............................... 18,290,000.00 1000.00000000
ENDING CLASS A-3 PRINCIPAL BALANCE............................... 31,700,000.00
ENDING CLASS A-4 PRINCIPAL BALANCE............................... 17,270,000.00
ENDING CLASS A-5 PRINCIPAL BALANCE............................... 24,800,000.00
ENDING CLASS A-6 PRINCIPAL BALANCE............................... 12,750,000.00
ENDING CLASS A-7 PRINCIPAL BALANCE............................... 14,800,000.00
ENDING CLASS A-8 PRINCIPAL BALANCE............................... 23,727,504.56
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 140,335,883.85 4943.14490490 7672.82033078
Variable Rate POOL PRINCIPAL BALANCE (Ending).................... 23,727,504.56
Total POOL PRINCIPAL BALANCE (Ending)............................ 164,063,388.41 5778.91470271 8970.11418316
<CAPTION>
PER $1,000 PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL
CLASS A-3 CLASS A-4 CLASS A-5
------------------ -------------- --------------
<S> <C> <C> <C>
31,700,000.00 17,270,000.00 24,800,000.00
CLASS A-1 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-2 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-3 PRINCIPAL BALANCE (Beginning).......................... 1000.00000000
CLASS A-4 PRINCIPAL BALANCE (Beginning).......................... 1000.00000000
CLASS A-5 PRINCIPAL BALANCE (Beginning).......................... 1000.00000000
CLASS A-6 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-7 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-8 PRINCIPAL BALANCE (Beginning)..........................
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 4504.64299905 8268.51088998 5757.95093024
Variable Rate POOL PRINCIPAL BALANCE (Beginning).................
Total POOL PRINCIPAL BALANCE (Beginning)......................... 5269.11175331 9671.73379155 6735.11462016
ENDING CLASS A-1 PRINCIPAL BALANCE...............................
ENDING CLASS A-2 PRINCIPAL BALANCE...............................
ENDING CLASS A-3 PRINCIPAL BALANCE............................... 1000.00000000
ENDING CLASS A-4 PRINCIPAL BALANCE............................... 1000.00000000
ENDING CLASS A-5 PRINCIPAL BALANCE............................... 1000.00000000
ENDING CLASS A-6 PRINCIPAL BALANCE...............................
ENDING CLASS A-7 PRINCIPAL BALANCE...............................
ENDING CLASS A-8 PRINCIPAL BALANCE...............................
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 4426.99949054 8125.99211639 5658.70499395
Variable Rate POOL PRINCIPAL BALANCE (Ending)....................
Total POOL PRINCIPAL BALANCE (Ending)............................ 5175.50121167 9499.90668269 6615.45921008
<CAPTION>
PER $1,000 PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL ORIGINAL BAL
CLASS A-6 CLASS A-7 CLASS A-8
-------------- -------------- --------------
<S> <C> <C> <C>
12,750,000.00 14,800,000.00 27,000,000.00
CLASS A-1 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-2 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-3 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-4 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-5 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-6 PRINCIPAL BALANCE (Beginning).......................... 1000.00000000
CLASS A-7 PRINCIPAL BALANCE (Beginning).......................... 1000.00000000
CLASS A-8 PRINCIPAL BALANCE (Beginning).......................... 897.54294481
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 11199.77906431 9648.45831554
Variable Rate POOL PRINCIPAL BALANCE (Beginning)................. 897.54294481
Total POOL PRINCIPAL BALANCE (Beginning)......................... 13100.45824157 11285.86774189 6186.32750296
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...............................
ENDING CLASS A-6 PRINCIPAL BALANCE............................... 1000.00000000
ENDING CLASS A-7 PRINCIPAL BALANCE............................... 1000.00000000
ENDING CLASS A-8 PRINCIPAL BALANCE............................... 878.79646519
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 11006.73598824 9482.15431419
Variable Rate POOL PRINCIPAL BALANCE (Ending).................... 878.79646519
Total POOL PRINCIPAL BALANCE (Ending)............................ 12867.71673804 11085.36408176 6076.42179296
</TABLE>
