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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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) December 15, 1997
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The Money Store Inc. (as Representative under a Pooling and Servicing Agreement
dated as of August 31, 1997 providing for the issuance of TMS SBA Loan-Backed
Adjustable Rate Certificates, Series 1997-1, Class A and Class B), The Money
Store Investment Corporation, The Money Store Commercial Mortgage Inc. and The
Money Store of New York, Inc.
The Money Store, Inc.
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(Exact name of regristrant as specified in its charter)
New Jersey 333-20817 Applied For
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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
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n/a
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(Former name or former address, if changed since last report)
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Item 5 Other Events
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Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the December 15, 1997 Remittance
Date.
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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 by the
undersigned thereunto duly authorized.
THE MONEY STORE INC.
THE MONEY STORE INVESTMENT CORPORATION
THE MONEY STORE COMMERCIAL MORTGAGE INC.
THE MONEY STORE OF NEW YORK INC.
By: \S\ Harry Puglisi
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Name: Harry Puglisi
Title: Treasurer
Dated: December 31, 1997
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SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING
AGREEMENT DATED AS OF AUGUST 31, 1997, THE MONEY STORE INVESTMENT
CORPORATION REPORTS THE FOLLOWING INFORMATION PERTAINING SERIES
1997-1 FOR THE DECEMBER 10, 1997 DETERMINATION DATE SERIES 1997-1
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<S> <C>
1. AVAILABLE FUNDS $3,621,022.18
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 129,721,324.96
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 9,763,970.70
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 123,560,379.87
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 1
(B) DOLLARS 18,549.05
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 1,722.46
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 224,493.99
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 1,244,618.75
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 80.73
8. DELINQUENCY AND FORECOLOSURE INFORMATION
(SEE EXHIBIT K)
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<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 675,631.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (380.49)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 675,251.31
5.18626198
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 54,759.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (30.84)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 54,728.76
5.58456735
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 227,631.92
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) UNGUARANTEED PERCENTAGE OF
LOSSES THAT WERE LIQUIDATED 0.00
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR
UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 227,631.92
1.74832504
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 17,133.58
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) UNGUARANTEED PERCENTAGE OF
LOSSES THAT WERE LIQUIDATED 0.00
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR
UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 17,133.58
1.74832449
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<S> <C>
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 2,312,532.78
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 129,493,693.04
994.57521536
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 9,746,837.12
994.57521633
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 123,315,614.37
880.82581693
13. (A) EXCESS SPREAD 273,379.97
(B) EXTRA INTEREST 395,022.60
(C) SPREAD ACCOUNT BALANCE 2,312,532.78
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,316,046.50
14. (A) WEIGHTED AVERAGE MATURITY 221.945
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.575%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 117,229.02
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 147,053.99
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 6,178.02
16. AMOUNT OF REIMBURSEMENTS PURSUANT TO:
(A) SECTION 5.04 (b) 0.00
(B) SECTION 5.04 (c) 0.00
(C) SECTION 5.04 (d)(ii) 6,636.80
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 141,055.48
17. (A) CLASS A REMITTANCE RATE 6.250%
(B) CLASS B REMITTANCE RATE 6.730%
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<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT MORTGAGE
LOANS PURCHASED DURING THE PRIOR DUE PERIOD 0.00
(B) AMOUNT ON DEPOSIT IN THE PRE-FUNDING ACCOUNT AS OF THE END OF
SUCH DUE PERIOD 15,924,915.79
19. OTHER INFORMATION AS REQUESTED
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I, Harry Puglisi, Treasurer, represent that The Money Store Investment
Corporation complied with section 6.09 of the Pooling and Servicing Agreement
dated August 31, 1997 pertaining to Series 1997 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
By: /s/ Harry Puglisi
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HARRY PUGLISI
TREASURER
