<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 1997-2
- ----------------------------------------------------------------------------
(Exact name of registrant as specified in governing instruments)
Delaware 333-20675 59-3353406
- --------------- ---------------- -------------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
organization)
10401 Deerwood Park Boulevard, Jacksonville, Florida 32256
- ----------------------------------------------------------------------------
(Address of principal offices) (Zip Code)
Registrant's telephone number, including area code: (904) 987-5000
--------------------
Not Applicable
- ----------------------------------------------------------------------------
(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
<PAGE>
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
<PAGE>
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
<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
the undersigned hereto duly authorized.
EQCC HOME EQUITY LOAN TRUST 1997-2
(Registrant)
EQUICREDIT CORPORATION OF AMERICA
as Representative
December 15, 1997 BY: /s/ JOHN D. EVANS, JR.
---------------------------
John D. Evans, Jr.
Senior Vice President
4
<PAGE>
INDEX TO EXHIBITS
-----------------
<TABLE>
<CAPTION>
Sequentially
EXHIBIT Numbered
NUMBER Exhibit Page
- ------- ------- ------------
<S> <C> <C>
99 -- Trustee's Remittance Report in respect 7
of the August Remittance Date.
</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>
FIRST BANK NATIONAL ASSOCIATION
AS TRUSTEE
EQCC HOME EQUITY LOAN ASSET BACKED CERTIFICATES, SERIES 1997-2
PYMT PER FROM DATE DEC. 15, 1997
PYMT PER TO DATE JAN. 15, 1998
PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL
CLASS A-1 CLASS A-2
------------------- --------------
<S> <C> <C> <C>
65,666,000.00 31,292,000.00
CLASS A-1 PRINCIPAL BALANCE (Beginning).......................... 48,990,772.54 746.05994792
CLASS A-2 PRINCIPAL BALANCE (Beginning).......................... 15,457,014.91 493.96059408
CLASS A-3 PRINCIPAL BALANCE (Beginning).......................... 78,535,000.00
CLASS A-4 PRINCIPAL BALANCE (Beginning).......................... 62,228,000.00
CLASS A-5 PRINCIPAL BALANCE (Beginning).......................... 86,789,000.00
CLASS A-6 PRINCIPAL BALANCE (Beginning).......................... 22,646,000.00
CLASS A-7 PRINCIPAL BALANCE (Beginning).......................... 72,769,000.00
CLASS A-8 PRINCIPAL BALANCE (Beginning).......................... 33,034,000.00
CLASS A-9 PRINCIPAL BALANCE (Beginning).......................... 50,300,000.00
CLASS A-10 PRINCIPAL BALANCE (Beginning)......................... 163,530,156.27
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 470,748,787.45 7168.83604072 15043.74240860
Variable Rate POOL PRINCIPAL BALANCE (Beginning)................. 163,530,156.27
Total POOL PRINCIPAL BALANCE (Beginning)......................... 634,278,943.72 9659.16827156 20269.68374409
ENDING CLASS A-1 PRINCIPAL BALANCE............................... 46,241,536.95 704.19299105
ENDING CLASS A-2 PRINCIPAL BALANCE............................... 9,485,650.75 303.13341269
ENDING CLASS A-3 PRINCIPAL BALANCE............................... 78,535,000.00
ENDING CLASS A-4 PRINCIPAL BALANCE............................... 62,228,000.00
ENDING CLASS A-5 PRINCIPAL BALANCE............................... 86,789,000.00
ENDING CLASS A-6 PRINCIPAL BALANCE............................... 22,646,000.00
ENDING CLASS A-7 PRINCIPAL BALANCE............................... 72,769,000.00
ENDING CLASS A-8 PRINCIPAL BALANCE............................... 33,034,000.00
ENDING CLASS A-9 PRINCIPAL BALANCE............................... 50,300,000.00
ENDING CLASS A-10 PRINCIPAL BALANCE.............................. 156,184,629.89
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 462,028,187.70 7036.03368105 14765.05776876
Variable Rate POOL PRINCIPAL BALANCE (Ending).................... 156,184,629.89
Total POOL PRINCIPAL BALANCE (Ending)............................ 618,212,817.59 9414.50396842 19756.25775246
<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>
78,535,000.00 62,228,000.00 86,789,000.00
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)..........................
CLASS A-9 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-10 PRINCIPAL BALANCE (Beginning).........................
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 5994.12729929 7564.90305731 5424.06050824
Variable Rate POOL PRINCIPAL BALANCE (Beginning).................
Total POOL PRINCIPAL BALANCE (Beginning)......................... 8076.38560795 10192.82226200 7308.28726820
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...............................
ENDING CLASS A-9 PRINCIPAL BALANCE...............................
ENDING CLASS A-10 PRINCIPAL BALANCE..............................
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 5883.08636531 7424.76357428 5323.58003549
Variable Rate POOL PRINCIPAL BALANCE (Ending)....................
Total POOL PRINCIPAL BALANCE (Ending)............................ 7871.81279162 9934.64063749 7123.17018966
<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>
22,646,000.00 72,769,000.00 33,034,000.00
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).......................... 1000.00000000
CLASS A-9 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-10 PRINCIPAL BALANCE (Beginning).........................
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 20787.28196812 6469.08419038 14250.43250742
Variable Rate POOL PRINCIPAL BALANCE (Beginning).................
Total POOL PRINCIPAL BALANCE (Beginning)......................... 28008.43167535 8716.33447924 19200.79141854
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............................... 1000.00000000
ENDING CLASS A-9 PRINCIPAL BALANCE...............................
ENDING CLASS A-10 PRINCIPAL BALANCE..............................
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 20402.19852071 6349.24470173 13986.44389720
Variable Rate POOL PRINCIPAL BALANCE (Ending).................... 841.42134409
Total POOL PRINCIPAL BALANCE (Ending)............................ 27298.98514484 8495.55191895 18714.44020070
<CAPTION>
PER $1,000 PER $1,000
ORIGINAL BAL ORIGINAL BAL
CLASS A-9 CLASS A-10
-------------- --------------
50,300,000.00 185,620,000.00
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)..........................
CLASS A-7 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-8 PRINCIPAL BALANCE (Beginning)..........................
CLASS A-9 PRINCIPAL BALANCE (Beginning).......................... 1000.00000000
CLASS A-10 PRINCIPAL BALANCE (Beginning)......................... 880.99426931
Fixed Rate POOL PRINCIPAL BALANCE (Beginning).................... 9358.82281213
Variable Rate POOL PRINCIPAL BALANCE (Beginning)................. 880.99426931
Total POOL PRINCIPAL BALANCE (Beginning)......................... 12609.91935825 3417.08298524
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...............................
ENDING CLASS A-7 PRINCIPAL BALANCE...............................
ENDING CLASS A-8 PRINCIPAL BALANCE...............................
ENDING CLASS A-9 PRINCIPAL BALANCE............................... 1000.00000000
ENDING CLASS A-10 PRINCIPAL BALANCE.............................. 841.42134409
Fixed Rate POOL PRINCIPAL BALANCE (Ending)....................... 9185.45104771
Variable Rate POOL PRINCIPAL BALANCE (Ending)....................
Total POOL PRINCIPAL BALANCE (Ending)............................ 12290.51327217 3330.52913258
</TABLE>
