<PAGE>
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) 20-Feb-98
TMS Auto Holdings, Inc. (as Seller) under a Sale and Servicing Agreement dated
as of August 31, 1997 in connection with the issuance of The Money Store Auto
Trust (Series 1997-4), Class A-1, Class A-2, and Class A-3.
TMS Auto Holdings, Inc.
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(Exact name of regristrant as specified in its charter)
Delaware
New Jersey 333-14075-06 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)
<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 of: 20-Feb-98
Item 7 Financial Statements and Exhibits
The quarterly financial statement for the period ended September 30, 1996
for Financial Security Assurance Holdings Ltd. ("FSA") is incorporated by
reference to the 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.
THE MONEY STORE AUTO TRUST
ASSET BACKED SECURITIES, 1997-4
By /S/ James K. Ransom
-----------------------
James K. Ransom
Vice President
Dated: 02/28/98
<PAGE>
THE MONEY STORE AUTO TRUST 1997-4
0.00% Asset Backed Certificates
Certificateholder Statement
IN ACCORDANCE WITH SECTION 5.8 OF THE SALE AND SERVICING
AGREEMENT DATED AS OF NOVEMBER 30, 1997, THE MONEY STORE AUTO
FINANCE INC. REPORTS THE FOLLOWING INFORMATION PERTAINING
TO SERIES 1997 - 4 FOR THE FEBRUARY 11, 1998 DETERMINATION DATE
DISTRIBUTION DATE 02/20/98 MONTHLY PERIOD Jan-98
A. Information Regarding the Current Monthly Distribution :
I. CERTIFICATES
(a) The aggregate amount of the
distribution to Certificateholders 0.00
(b) The amount of the distribution set
forth in A. 1. (a) above in respect
of interest on the Certificates 0.00
(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 0.00
(f) The amount of the distribution set
forth in paragraph A.1. (a) above
per $1,000 interest in the
Certificates 0.0000000
(g) The amount of the distribution set
forth in paragraph A.1. (b) above
per $1,000 interest in the
Certificates 0.0000000
(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 66,463,881.24
(b) The Certificate Principal Balance
after giving effect to payments
allocated to principal as set forth
in Paragraph A.1.(c) 0.00
(c) The Certificate Factor after giving
affect to the payments set forth in
paragraph A.1.(c) 0.0000000
(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 19,944.34
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2. SERVICING FEE
(a) The aggregate amount of the
Servicing Fee paid to the Servicer
with respect to the preceding
Monthly Period 128,461.37
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 21,485,751.08
(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 140,814.12
(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: 0.0000000
(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 2,210,185.04
(b) The aggregate amount which was
received by the Trust from the
Servicer during the preceding
Monthly Period 2,284,084.25
(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 2,179,620.82
60 days 348,624.74
90 days 17,705.00
<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 November 30,
1997 pertaining to Series 1997 - 4 in preparing the accompanying
Certificateholder Statement.
THE MONEY STORE AUTO FINANCE INC.
BY: \s\ Harry Puglisi
-----------------
HARRY PUGLISI
TREASURER
<PAGE>
THE MONEY STORE AUTO TRUST 1997-4
Class A-1 5.90875% Money Store Asset Backed Notes
Class A-2 6.35% Asset Backed Notes
Class A-3 6.46% Asset Backed Notes
IN ACCORDANCE WITH THE SALE AND SERVICING AGREEMENT
DATED AS OF NOVEMBER 30, 1997, THE MONEY STORE AUTO FINANCE INC.
REPORTS THE FOLLOWING INFORMATION PERTAINING
TO SERIES 1997 - 4 FOR THE FEBRUARY 11, 1998 DETERMINATION DATE
DISTRIBUTION DATE 02/20/98 MONTHLY PERIOD Jan-98
A. Information Regarding the Current Monthly
Distribution :
I. NOTES
(a) The aggregate amount of the
distribution with respect to:
Class A-1 Notes 1,203,479.67
Class A-2 Notes 235,479.17
Class A-3 Notes 150,733.33
(b) The amount of the distribution set
forth in paragraph A.1.(a) above in
respect of interest on:
Class A-1 Notes 89,041.58
Class A-2 Notes 235,479.17
Class A-3 Notes 150,733.33
(c) The amount of the distribution set
forth in paragraph A.1.(a) above in
respect of principal of:
Class A-1 Notes 1,114,438.09
Class A-2 Notes 0.00
Class A-3 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
Class A-3 Notes 0.00
(e) The remaining outstanding balance
available to be drawn under the
Note Policy 1,589,692.17
(f) The amount of the distribution set
forth in paragraph A.1.(a) above
per $1,000 interest in:
Class A-1 Notes 68.7702669
Class A-2 Notes 5.2916667
Class A-3 Notes 5.3833332
(g) The amount of the distribution set
forth in paragraph A.1.(b) above
per $1,000 interest in:
Class A-1 Notes 5.0880903
Class A-2 Notes 5.2916667
Class A-3 Notes 5.3833332
(h) The amount of the distribution set
forth in paragraph A.1.(c) above
per $1,000 interest in:
Class A-1 Notes 63.6821766
Class A-2 Notes 0.0000000
Class A-3 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
Class A-3 Notes 0.0000000
(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 897,033.70
Class A-2 Notes 0.00
Class A-3 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 28.2530299
Class A-2 Notes 0.0000000
Class A-3 Notes 0.0000000
<PAGE>
II. CERTIFICATEHOLDERS
(i) The aggregate amount distributed to
the Certificate Distribution
Account on behalf of the
Certificateholders 679,496.37
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 66,463,881.24
(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) above with respect to:
Class A-1 Notes 15,449,632.32
Class A-2 Notes 44,500,000.00
Class A-3 Notes 28,000,000.00
(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 0.8828361
Class A-2 Notes 1.0000000
Class A-3 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 19,944.34
2. SERVICING FEE
(a) The aggregate amount of the Servicing Fee
paid to the Servicer with respect to the
preceding Monthly Period 128,461.37
(b) The aggregate amount of unpaid Servicing Fee 0.00
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
Class A-3 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
Class A-3 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
Class A-3 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
Class A-3 Notes 0.0000000
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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 21,485,751.08
(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 140,814.12
(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 1,227.7572046
Class A-2 Notes 482.8258670
Class A-3 Notes 767.3482529
(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
Class A-3 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
Class A-3 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 2,210,185.04
(b) The aggregate amount which was received by
the Trust from the Servicer during the
preceding Monthly Period 2,284,084.25
(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 2,179,620.82
60 days 348,624.74
90 days 17,705.00
6. Other Information
Weighted Average Coupon (WAC) 18.915%
Weighted Average Remaining Terms (WARM) 54.85
<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 November 30,
1997 pertaining to Series 1997 - 4 in preparing the accompanying Noteholder
Statement.
THE MONEY STORE AUTO FINANCE INC.
BY: \s\ Harry Puglisi
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HARRY PUGLISI
TREASURER
