<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR
THE JUNE 10, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $4,508,359.31
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 76,260,926.30
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,740,069.70
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 82,000,996.00
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 2
(B) DOLLARS 153,467.96
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 20,151.41
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 196,753.75
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 850,774.41
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 928.62
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<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 345,080.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 2,231.17
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 347,311.87
4.14948471
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,982.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 180.97
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 28,163.77
4.47043968
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 344,447.00
(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 344,447.00
4.11525687
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 25,926.12
(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 25,926.12
4.11525714
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,468,565.27
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 75,916,479.30
907.00692115
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,714,143.58
907.00691746
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 81,630,622.88
907.00692089
13. (A) EXCESS SPREAD 204,191.84
(B) EXTRA INTEREST 264,542.10
(C) SPREAD ACCOUNT BALANCE 3,468,565.27
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,583,037.65
14. (A) WEIGHTED AVERAGE MATURITY 211.164
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.827%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 83,237.01
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 98,116.48
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,100.05
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) 7,195.96
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 97,918.67
17. (A) CLASS A REMITTANCE RATE 5.430%
(B) CLASS B REMITTANCE RATE 5.850%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY:_________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF MAY 31, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 38 20,270,527.53 7.323% 6,960,216.74 8.526%
30 TO 59 4 1,591,283.96 0.575% 397,821.02 0.487%
60 TO 89 5 1,139,758.70 0.412% 282,631.94 0.346%
90 TO 179 7 2,616,430.66 0.945% 654,107.71 0.801%
180 TO 719 8 2,603,853.30 0.941% 725,965.85 0.889%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 1 372,388.13 0.135% 93,097.03 0.114%
--- --------------- ------- -------------- ------
DELINQUENCY TOTALS 63 $ 28,594,242.28 10.331% $ 9,113,840.29 11.163%
=== =============== ======= ============== ======
OUTSTANDING 685 $276,813,179.21 $81,630,622.88
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for
each Class per $1,000 original dollar amount as of the Cut-Off Date.
<TABLE>
<CAPTION>
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
<S> <C> <C> <C>
(ii) 911 911 911
(iii) - - 2
(iv) - - 0
(v) - - 2
(x)(a & b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 4 4 4
(xii) 907 907 907
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the Servicing
Fee rate as specified in the Agreement over the prior month weighted average
customer rate.
Page 7 of 7 Series 1998-1
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE JULY 12, 1999
DETERMINATION DATE.
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 5,375,333.67
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 75,916,479.30
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,714,143.58
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 81,630,622.88
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 5
(B) DOLLARS 818,940.28
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 2,291.31
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 242,104.99
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 916,054.72
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 3,126.49
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<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 343,522.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 2,284.34
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 345,806.54
4.13149988
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,856.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 185.20
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 28,041.70
4.45106349
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 988,903.02
(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 988,903.02
11.81485090
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 74,433.56
(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 74,433.56
11.81485079
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,583,037.65
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 74,927,576.28
895.19207025
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,639,710.02
895.19206667
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 80,567,286.30
895.19207000
13. (A) EXCESS SPREAD 228,737.13
(B) EXTRA INTEREST 263,347.20
(C) SPREAD ACCOUNT BALANCE 3,583,037.65
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,754,701.11
14. (A) WEIGHTED AVERAGE MATURITY 209.867
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.828%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 89,504.00
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 97,591.28
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,081.53
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) 7,583.54
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 83,237.01
17. (A) CLASS A REMITTANCE RATE 5.430%
(B) CLASS B REMITTANCE RATE 5.850%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF JUNE 30, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 26 8,362,454.37 3.058% 2,083,990.07 2.587%
30 TO 59 5 2,067,808.80 0.756% 516,952.25 0.642%
60 TO 89 1 1,189,293.13 0.435% 459,963.87 0.571%
90 TO 179 9 2,701,713.81 0.988% 673,120.76 0.835%
180 TO 719 10 3,439,374.26 1.258% 934,846.09 1.160%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 1 372,388.13 0.136% 93,097.03 0.116%
-- --------------- ------ -------------- ------
DELINQUENCY TOTALS 52 $ 18,133,032.50 6.631% $ 4,761,970.07 5.911%
== =============== ====== ============== ======
OUTSTANDING 680 $273,488,302.40 $80,567,286.30
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
(ii) 907 907 907
(iii) - - 9
(iv) - - 0
(v) - - 3
(x)(a & b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 12 12 12
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 12 12 12
(xii) 895 895 895
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the Servicing
Fee rate as specified in the Agreement over the prior month weighted average
customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE AUGUST 11, 1999
DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $5,691,950.45
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 74,927,576.28
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,639,710.02
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 80,567,286.30
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 9
(B) DOLLARS 948,304.98
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 34,354.34
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 195,071.62
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 946,875.54
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 2,316.80
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<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 339,047.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 2,316.53
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 341,363.93
4.07842210
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,493.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 187.94
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 27,681.44
4.39387937
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,095,289.78
(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 1,095,289.78
13.08589940
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 82,441.16
(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 82,441.16
13.08589841
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,754,701.11
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 73,832,286.50
882.10617085
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,557,268.86
882.10616825
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 79,389,555.36
882.10617067
13. (A) EXCESS SPREAD 226,150.89
(B) EXTRA INTEREST 259,916.70
(C) SPREAD ACCOUNT BALANCE 3,754,701.11
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,063,187.72
14. (A) WEIGHTED AVERAGE MATURITY 208.602
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.831%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 90,896.63
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 96,460.51
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,028.36
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) 7,878.98
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 89,504.00
17. (A) CLASS A REMITTANCE RATE 5.430%
(B) CLASS B REMITTANCE RATE 5.850%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF JULY 31, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 23 10,986,527.44 4.087% 3,758,753.50 4.735%
30 TO 59 3 1,328,026.37 0.494% 332,006.61 0.418%
60 TO 89 3 1,246,024.61 0.463% 311,506.17 0.392%
90 TO 179 6 1,619,376.46 0.602% 402,536.40 0.507%
180 TO 719 13 4,465,814.69 1.661% 1,191,456.25 1.501%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 1 372,388.13 0.139% 93,097.03 0.117%
---- ---------------- ------ ------------- ------
DELINQUENCY TOTALS 49 $ 20,018,157.70 7.446% $ 6,089,355.96 7.670%
==== ================ ====== ============== ======
OUTSTANDING 671 $268,848,373.62 $79,389,555.36
==== ================ ==============
FORECLOSURE/REO
180 - 719 1 372,388.13 93,097.03
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided
for each Class per $1,000 original dollar amount as of the Cut-Off Date.
<TABLE>
<CAPTION>
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
<S> <C> <C> <C>
(ii) 895 895 895
(iii) - - 11
(iv) - - 0
(v) - - 2
(x)(a & b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 13 13 13
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vi) 0 0 0
total 13 13 13
(xii) 882 882 882
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the Servicing
Fee rate as specified in the Agreement over the prior month weighted average
customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE
SEPTEMBER 10, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 5,570,869.46
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 73,832,286.50
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,557,268.86
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 79,389,555.36
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) DOLLARS 400,181.01
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 17,358.93
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 273,943.90
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 1,009,617.46
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 446.37
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 25,922.34
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 334,091.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 2,466.70
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 336,557.80
4.02100119
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,091.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 199.91
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 27,291.71
4.33201746
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 643,079.97
(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 24,107.78
(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 667,187.75
7.97117981
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 48,403.87
(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 1,814.56
(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 50,218.43
7.97117937
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 4,063,187.72
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 73,165,098.75
874.13499104
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,507,050.43
874.13498889
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 78,672,149.18
874.13499089
13. (A) EXCESS SPREAD 269,231.10
(B) EXTRA INTEREST 256,117.20
(C) SPREAD ACCOUNT BALANCE 4,063,187.72
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,136,256.80
14. (A) WEIGHTED AVERAGE MATURITY 207.918
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.828%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 98,690.15
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 94,729.41
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 3,969.48
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) 6,739.95
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 90,896.63
17. (A) CLASS A REMITTANCE RATE 5.430%
(B) CLASS B REMITTANCE RATE 5.850%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY:_________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF AUGUST 31, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 15 6,535,012.32 2.456% 1,796,393.80 2.283%
30 TO 59 6 1,625,174.00 0.611% 402,831.32 0.512%
60 TO 89 1 819,247.47 0.308% 204,811.87 0.260%
90 TO 179 6 1,243,134.06 0.467% 308,475.81 0.392%
180 TO 719 13 4,858,527.87 1.826% 1,289,634.55 1.639%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 1 372,388.13 0.140% 93,097.03 0.118%
-------------------------------------------------------------
DELINQUENCY TOTALS 42 $15,453,483.85 5.808% $4,095,244.38 5.204%
=============================================================
OUTSTANDING 667 $266,078,538.09 $78,672,149.18
===================================================
FORECLOSURE/REO
180 - 719 1 372,388.13 93,097.03
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for
each Class per $1,000 original dollar amount as of the Cut-Off Date.
<TABLE>
<CAPTION>
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
<S> <C> <C> <C>
(ii) 882 882 882
(iii) - - 4
(iv) - - 0
(v) - - 3
(x)(a & b)(i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d)(i) 8 8 8
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 8 8 8
(xii) 874 874 874
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the Servicing
Fee rate as specified in the Agreement over the prior month weighted average
customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE OCTOBER 12, 1999
DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $5,038,176.86
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 73,165,098.75
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,507,050.43
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 78,672,149.18
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 2
(B) DOLLARS 50,305.23
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 49,870.99
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 195,585.17
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 775,101.84
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 1,815.04
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<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 331,072.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 2,261.97
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 333,334.17
3.98248710
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 26,847.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 183.31
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 27,030.31
4.29052540
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 275,058.09
(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 275,058.09
3.28623763
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 20,703.30
(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 20,703.30
3.28623810
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 4,136,256.80
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 72,890,040.66
870.84875341
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,486,347.13
870.84875079
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 78,376,387.79
870.84875322
13. (A) EXCESS SPREAD 179,624.36
(B) EXTRA INTEREST 253,803.00
(C) SPREAD ACCOUNT BALANCE 4,136,256.80
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,340,235.94
14. (A) WEIGHTED AVERAGE MATURITY 207.059
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.828%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 75,239.98
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 93,703.19
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 3,933.61
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) 5,552.87
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 98,690.15
17. (A) CLASS A REMITTANCE RATE 5.430%
(B) CLASS B REMITTANCE RATE 5.850%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 21 8,897,215.22 3.358% 2,839,160.69 3.622%
30 TO 59 5 2,181,700.36 0.823% 545,425.16 0.696%
60 TO 89 3 1,329,281.24 0.502% 332,320.32 0.424%
90 TO 179 2 322,329.95 0.122% 80,582.52 0.103%
180 TO 719 17 5,725,081.98 2.161% 1,503,965.34 1.919%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 1 372,388.13 0.141% 93,097.03 0.119%
-------- -------------- ----- ------------- -----
DELINQUENCY TOTALS 49 $18,827,996.88 7.107% $5,394,551.06 6.883%
OUTSTANDING 665 $264,958,905.31 $78,376,387.79
======== =============== ==============
FORECLOSURE/REO
180 - 719 1 372,388.13 93,097.03
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
(ii) 874 874 874
(iii) - - 1
(iv) - - 1
(v) - - 2
(x)(a & b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 3 3 3
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vi) 0 0 0
total 3 3 3
(xii) 871 871 871
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED
AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE NOVEMBER 09, 1999
DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $5,561,048.24
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 72,890,040.66
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,486,347.13
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 78,376,387.79
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) DOLLARS 314,563.14
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 6,559.89
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 212,338.15
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 864,763.29
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 558.02
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 29,429.66
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 360,198.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (27,966.83)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 332,231.47
3.96931266
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 29,031.90
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (2,254.10)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 26,777.80
4.25044444
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 496,118.90
(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 27,369.58
(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 523,488.48
6.25434265
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 37,342.28
(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 2,060.08
(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 39,402.36
6.25434286
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 4,340,235.94
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 72,366,552.18
864.59441075
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,446,944.77
864.59440794
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 77,813,496.95
864.59441056
13. (A) EXCESS SPREAD 207,716.83
(B) EXTRA INTEREST 252,848.70
(C) SPREAD ACCOUNT BALANCE 4,340,235.94
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,336,108.12
14. (A) WEIGHTED AVERAGE MATURITY 206.234
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.310%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 84,120.91
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 93,291.26
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 3,918.82
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) 5,658.68
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 75,239.98
17. (A) CLASS A REMITTANCE RATE 5.930%
(B) CLASS B REMITTANCE RATE 6.350%
</TABLE>
Page 3 0f 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
</TABLE>
19. OTHER INFORMATION AS REQUESTED
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF OCTOBER 31, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 19 7,821,443.72 2.977% 2,426,141.61 3.118%
30 TO 59 8 2,972,506.83 1.131% 739,664.59 0.951%
60 TO 89 2 455,426.46 0.173% 113,856.64 0.146%
90 TO 179 3 1,223,763.16 0.466% 305,940.81 0.393%
180 TO 719 16 5,280,470.60 2.010% 1,393,783.81 1.791%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 875,407.67 0.333% 218,851.92 0.281%
--- --------------- ------ -------------- -----
DELINQUENCY TOTALS 50 $ 18,629,018.44 7.090% $ 5,198,239.38 6.680%
=== =============== ====== ============== =====
OUTSTANDING 661 $262,767,852.82 $77,813,496.95
=== =============== ==============
FORECLOSURE/REO
180 - 719 2 875,407.67 218,851.92
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided
for each Class per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
(ii) 871 871 871
(iii) - - 3
(iv) - - 0
(v) - - 2
(x)(a & b) (i) 4 5 4
(ii) 0 0 0
(iii 0 0 0
total 4 4 4
(c & d) (i) 6 6 6
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vi) 0 0 0
total 6 6 6
(xii) 865 865 865
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing rate as specified in the Agreement over the prior month weighted
average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE DECEMBER 10, 1999
DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $6,298,121.05
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 72,366,552.18
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,446,944.77
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 77,813,496.95
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) DOLLARS 869,581.61
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 4,503.35
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 249,284.60
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 1,018,709.55
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 3,796.52
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<S> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 102,744.24
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 357,611.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 1,158.17
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 358,769.57
4.28637479
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 28,823.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 93.37
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 28,916.77
4.58996349
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,044,733.70
(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 95,552.14
(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 1,140,285.84
13.62348674
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 78,635.86
(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 7,192.10
(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 85,827.96
13.62348571
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 4,336,108.12
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 71,226,266.34
850.97092401
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,361,116.81
850.97092222
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 76,587,383.15
850.97092389
13. (A) EXCESS SPREAD 221,527.38
(B) EXTRA INTEREST 251,032.80
(C) SPREAD ACCOUNT BALANCE 4,336,108.12
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,188,705.79
14. (A) WEIGHTED AVERAGE MATURITY 204.873
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.309%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 87,589.00
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 92,477.18
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 3,890.68
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) 8,394.52
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 84,120.91
17. (A) CLASS A REMITTANCE RATE 5.930%
(B) CLASS B REMITTANCE RATE 6.350%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
</TABLE>
19. OTHER INFORMATION AS REQUESTED
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF NOVEMBER 30, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 20 6,803,979.12 2.621% 1,693,987.44 2.212%
30 TO 59 6 2,792,205.79 1.076% 698,051.51 0.911%
60 TO 89 6 2,191,592.17 0.844% 547,898.12 0.715%
90 TO 179 5 1,672,692.08 0.644% 418,173.08 0.546%
180 TO 719 15 4,862,517.31 1.873% 1,289,295.46 1.683%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 875,407.67 0.337% 218,851.92 0.286%
--- --------------- ----- -------------- -----
DELINQUENCY TOTALS 54 $ 19,198,394.14 7.395% $ 4,866,257.53 6.353%
=== =============== ===== ============== =====
OUTSTANDING 657 $259,598,153.30 $76,587,383.15
=== =============== ==============
FORECLOSURE/REO
180 - 719 2 875,407.67 218,851.92
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for
each Class per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
(ii) 865 865 865
(iii) - - 10
(iv) - - 0
(v) - - 3
(x)(a & b) (i) 4 5 4
(ii) 0 0 0
(iii) 0 0 0
total 4 5 4
(c & d) (i) 12 12 12
(ii) 0 0 0
(iii) 0 0 0
(iv) 1 1 1
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 14 14 14
(xii) 851 851 851
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED
AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE JANUARY 12, 2000
DETERMINATION DATE
1. AVAILABLE FUNDS $ 7,012,925.27
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 71,226,266.34
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,361,116.81
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 76,587,383.15
3. PRINCIPAL PREPAYMENTS RECEIVED DURING
DUE PERIOD
(A) NUMBER OF ACCOUNTS 4
(B) DOLLARS 1,794,692.35
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 31,512.31
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 223,655.64
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 950,816.93
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 4,280.97
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
Page 1 of 7
<PAGE>
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 275,664.64
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 351,976.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 1,081.01
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 353,057.51
4.21813035
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 28,369.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 87.18
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 28,456.38
4.51688571
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,906,370.09
(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 256,368.12
(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 (31.46)
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 2,162,706.75
25.83879032
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 143,490.21
(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 19,296.52
(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 (2.37)
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 162,784.36
25.83878730
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 4,188,705.79
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 69,063,559.59
825.13213369
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 5,198,332.45
825.13213492
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 74,261,892.04
825.13213378
13. (A) EXCESS SPREAD 226,567.72
(B) EXTRA INTEREST 247,077.30
(C) SPREAD ACCOUNT BALANCE 4,188,705.79
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,828,643.64
14. (A) WEIGHTED AVERAGE MATURITY 203.234
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.308%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 84,952.36
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 91,505.39
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 3,829.37
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) 11,904.95
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 87,589.00
17. (A) CLASS A REMITTANCE RATE 5.930%
(B) CLASS B REMITTANCE RATE 6.350%
Page 3 of 7
<PAGE>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF DECEMBER 31, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 20 8,371,403.31 3.304% 3,211,641.05 4.325%
30 TO 59 6 3,002,909.73 1.185% 747,265.25 1.006%
60 TO 89 5 2,517,333.50 0.994% 629,333.44 0.847%
90 TO 179 8 2,711,855.49 1.070% 677,963.95 0.913%
180 TO 719 12 3,747,837.56 1.479% 1,010,625.50 1.361%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 875,407.67 0.346% 218,851.92 0.295%
--- -------------- ----- ------------- -----
DELINQUENCY TOTALS 53 $ 21,226,747.26 8.378% $ 6,495,681.11 8.747%
=== =============== ===== ============== =====
OUTSTANDING 650 $253,354,158.52 $74,261,892.04
=== =============== ==============
FORECLOSURE/REO
180 - 719 2 875,407.67 218,851.92
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for
each Class per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
(ii) 851 851 851
(iii) - - 20
(iv) - - 0
(v) - - 2
(x)(a&b) (i) 4 5 4
(ii) 0 0 0
(iii) 0 0 0
total 4 5 4
(c&d) (i) 23 23 23
(ii) 0 0 0
(iii) 0 0 0
(iv) 3 3 3
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 26 26 26
(xii) 825 825 825
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Services rate as specified in the Agreement over the prior month weighted
average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR
THE FEBRUARY 10, 2000 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 5,942,306.03
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 69,063,559.59
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,198,332.45
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 74,261,892.04
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) DOLLARS 1,257,862.69
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 2,293.58
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 168,680.85
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 852,846.98
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 897.68
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY REALIZED LOSSES ON A LIQUIDATED LOAN 113,783.97
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 355,677.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (13,328.89)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 342,348.41
4.09018411
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 28,590.90
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (1,071.51)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 27,519.39
4.36815714
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,328,818.52
(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 105,819.09
(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 1,434,637.61
17.14023429
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 100,018.60
(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 7,964.88
(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 107,983.48
17.14023492
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,828,643.64
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 67,628,921.98
807.99189940
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 5,090,348.97
807.99190000
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 72,719,270.95
807.99189944
13. (A) EXCESS SPREAD 193,979.48
(B) EXTRA INTEREST 239,575.20
(C) SPREAD ACCOUNT BALANCE 3,828,643.64
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,935,114.44
14. (A) WEIGHTED AVERAGE MATURITY 201.313
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.545%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 78,475.58
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 89,546.13
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,713.10
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) 11,140.45
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 84,952.36
17. (A) CLASS A REMITTANCE RATE 6.180%
(B) CLASS B REMITTANCE RATE 6.600%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: __________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF JANUARY 31, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 8 2,660,258.54 1.066% 824,094.20 1.133%
30 TO 59 6 2,098,770.04 0.841% 524,692.57 0.722%
60 TO 89 5 2,671,290.91 1.071% 664,360.56 0.914%
90 TO 179 10 3,305,046.20 1.325% 826,261.67 1.136%
180 TO 719 13 4,389,687.66 1.760% 1,171,088.04 1.610%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 875,407.67 0.351% 218,851.92 0.301%
-------- --------------- ------ -------------- ------
DELINQUENCY TOTALS 44 $ 16,000,461.02 6.414% $ 4,229,348.96 5.816%
======== =============== ====== ============== ======
OUTSTANDING 646 $249,452,135.72 $72,719,270.95
======== =============== ==============
FORECLOSURE/REO
180 - 719 2 875,407.67 218,851.92
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
(ii) 825 825 825
(iii) - - 14
(iv) - - 0
(v) - - 2
(x)(a & b) (i) 4 5 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 16 16 16
(ii) 0 0 0
(iii) 0 0 0
(iv) 1 1 1
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 17 17 17
(xii) 808 808 808
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR
THE MARCH 10, 2000 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $5,025,353.86
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 67,628,921.98
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,090,348.97
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 72,719,270.95
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 1
(B) DOLLARS 168,439.04
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 30,117.88
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 233,019.42
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 822,353.49
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 948.32
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<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 348,288.90
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 240.86
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 348,529.76
4.16403536
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,996.90
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 19.38
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 28,016.28
4.44702857
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 401,366.00
(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 325,480.19
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 726,846.19
8.68394492
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 30,210.34
(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 24,498.51
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 54,708.85
8.68394444
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,935,114.44
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 67,861.66
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 66,902,075.79
799.30795448
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 5,035,640.12
799.30795556
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 71,937,715.91
799.30795456
13. (A) EXCESS SPREAD 184,532.03
(B) EXTRA INTEREST 234,598.50
(C) SPREAD ACCOUNT BALANCE 3,935,114.44
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,613,539.15
14. (A) WEIGHTED AVERAGE MATURITY 200.294
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.545%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 75,323.98
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 88,366.43
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,635.96
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) 7,133.48
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 78,475.58
17. (A) CLASS A REMITTANCE RATE 6.180%
(B) CLASS B REMITTANCE RATE 6.600%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF FEBRUARY 29, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 9 2,564,670.95 1.040% 638,206.73 0.887%
30 TO 59 2 562,890.74 0.228% 140,722.71 0.196%
60 TO 89 4 1,283,072.39 0.520% 320,768.17 0.446%
90 TO 179 13 4,926,049.10 1.997% 1,228,050.19 1.707%
180 TO 719 13 3,512,814.12 1.424% 876,867.17 1.219%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 875,407.67 0.355% 218,851.92 0.304%
--- -------------- ----- -------------- -----
DELINQUENCY TOTALS 43 $13,724,904.97 5.564% $ 3,423,466.89 4.759%
=== ============== ===== ============== =====
OUTSTANDING 644 $246,707,833.28 $71,937,715.91
=== =============== ==============
FORECLOSURE/REO
180 - 719 2 875,407.67 218,851.92
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- --------
(ii) 808 808 808
(iii) - - 2
(iv) - - 0
(v) - - 3
(x)(a & b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 5 5 5
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 4 4 4
(vi) 0 0 0
(vi) 0 0 0
total 9 9 9
(xii) 799 799 799
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR
THE APRIL 12, 2000 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 5,845,175.33
2. (A) ORIGINAL CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 66,902,075.79
(B) ORIGINAL CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 5,035,640.12
(C) ORIGINAL POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 71,937,715.91
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 8
(B) DOLLARS 1,054,500.92
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 255,104.88
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 223,895.97
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 861,564.36
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 4,190.93
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<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 344,545.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 238.60
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 344,784.40
4.11928793
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,696.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 19.21
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 27,715.21
4.39923968
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,426,156.65
(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 1,426,156.65
17.03890860
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 107,345.12
(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 107,345.12
17.03890794
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,613,539.15
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 65,475,919.14
782.26904588
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 4,928,295.00
782.26904762
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 70,404,214.14
782.26904600
13. (A) EXCESS SPREAD 204,631.16
(B) EXTRA INTEREST 232,077.00
(C) SPREAD ACCOUNT BALANCE 3,613,539.15
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,669,028.54
14. (A) WEIGHTED AVERAGE MATURITY 198.860
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.543%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 76,044.89
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 87,385.06
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,596.89
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) 8,518.14
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 75,323.98
17. (A) CLASS A REMITTANCE RATE 6.180%
(B) CLASS B REMITTANCE RATE 6.600%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that
The Money Store Investment Corporation complied with section 6.09
of the Pooling and Servicing Agreement dated February 28, 1998
pertaining to Series 1998 - 1 in preparing the accompanying
Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF MARCH 31, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 3 536,066.01 0.222% 134,016.55 0.190%
30 TO 59 2 773,397.00 0.320% 193,349.28 0.275%
60 TO 89 3 671,269.25 0.278% 167,817.35 0.238%
90 TO 179 11 3,946,009.62 1.635% 983,040.30 1.396%
180 TO 719 16 4,430,157.21 1.835% 1,106,202.99 1.571%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 394,712.24 0.164% 98,678.06 0.140%
-------- --------------- ------ -------------- ------
DELINQUENCY TOTALS 37 $ 10,751,611.33 4.454% $ 2,683,104.53 3.810%
======== =============== ====== ============== ======
OUTSTANDING 636 $241,403,054.09 $70,404,214.14
======== =============== ==============
FORECLOSURE/REO
180 - 719 2 394,712.24 98,678.06
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
(ii) 799 799 799
(iii) - - 12
(iv) - - 3
(v) - - 2
(x)(a & b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 17 17 17
(ii) 0 0 0
(iii) 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 17 17 17
(xii) 782 782 782
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE
MAY 10, 2000
DETERMINATION DATE
1. AVAILABLE FUNDS $ 5,450,560.29
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 65,475,919.14
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,928,295.00
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 70,404,214.14
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 4
(B) DOLLARS 906,554.71
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 44,731.89
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 190,361.29
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 799,733.84
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 2,097.65
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
Page 1 of 7
<PAGE>
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 53,268.13
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 364,482.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (27,037.56)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 337,445.04
4.03160143
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 29,159.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (2,163.06)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 26,996.04
4.28508571
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,061,732.54
(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 49,539.36
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING A 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 1,111,271.90
13.27684468
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 79,915.35
(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 3,728.77
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING A 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 83,644.12
13.27684444
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,669,028.54
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 64,364,647.24
768.99220119
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 4,844,650.88
768.99220317
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 69,209,298.12
768.99220133
13. (A) EXCESS SPREAD 186,614.67
(B) EXTRA INTEREST 227,130.00
(C) SPREAD ACCOUNT BALANCE 3,669,028.54
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,939,671.45
14. (A) WEIGHTED AVERAGE MATURITY 197.434
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 11.018%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 74,350.56
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 85,499.42
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,520.21
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) 9,616.76
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 76,044.89
17. (A) CLASS A REMITTANCE RATE 6.680%
(B) CLASS B REMITTANCE RATE 7.100%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY:_________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF APRIL 30, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 7 3,050,301.23 1.281% 925,100.17 1.337%
30 TO 59 1 827,156.77 0.347% 206,789.21 0.299%
60 TO 89 3 842,641.11 0.354% 207,198.10 0.299%
90 TO 179 8 2,856,045.69 1.200% 714,011.51 1.032%
180 TO 719 18 5,736,861.58 2.410% 1,432,879.11 2.070%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 2 337,867.63 0.142% 84,466.91 0.122%
--- --------------- ------ -------------- -----
DELINQUENCY TOTALS 39 $ 13,650,874.01 5.734% $ 3,570,445.01 5.159%
=== =============== ====== ============== =====
OUTSTANDING 631 $238,090,362.98 $69,209,298.12
=== =============== ==============
FORECLOSURE/REO
180 - 719 2 337,867.63 84,466.91
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
<TABLE>
<CAPTION>
SUBCLAUSE CLASS A CLASS B POOL
--------- ------- ------- ----
<S> <C> <C> <C>
(ii) 782 782 782
(iii) - - 10
(iv) - - 0
(v) - - 2
(x)(a & b) (i) 4 5 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 13 13 13
(ii) 0 0 0
(iii) 0 0 0
(iv) 1 1 1
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 13 13 13
(xii) 769 769 769
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE JUNE 12, 2000
DETERMINATION DATE
<TABLE>
<S> <C> <C>
1. AVAILABLE FUNDS $8,429,260.31
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 64,364,647.24
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,844,650.88
(C) AGGREGATE POOL PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH
69,209,298.12
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 9
(B) DOLLARS 3,499,931.46
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 13,236.25
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 253,022.79
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 921,278.10
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 6,062.98
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<S> <C> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 108,014.51
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 358,296.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (1,212.69)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 357,083.91
4.26623548
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 28,664.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (96.93)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 28,567.17
4.53447143
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 3,502,557.16
(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 100,453.49
(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 3,603,010.65
43.04672222
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 263,633.34
(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 7,561.02
(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 271,194.36
43.04672381
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,904,618.08
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 60,761,636.59
725.94547897
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 4,573,456.52
725.94547937
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 65,335,093.11
725.94547900
13. (A) EXCESS SPREAD 220,565.19
(B) EXTRA INTEREST 223,275.00
(C) SPREAD ACCOUNT BALANCE 3,904,618.08
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,746,757.71
14. (A) WEIGHTED AVERAGE MATURITY 195.944
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 11.017%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 78,385.84
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 84,440.53
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,460.47
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) 13,276.11
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 74,350.56
17. (A) CLASS A REMITTANCE RATE 6.680%
(B) CLASS B REMITTANCE RATE 7.100%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
</TABLE>
19. OTHER INFORMATION AS REQUESTED
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF MAY 31, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS
(IN DAYS) ACCOUNTS AMOUNT PCT
<S> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 10 3,470,701.95 1.517%
30 TO 59 3 593,232.56 0.259%
60 TO 89 0 0.00 0.000%
90 TO 179 6 2,097,571.81 0.917%
180 TO 719 17 4,881,363.84 2.133%
720 AND OVER 0 0.00 0.000%
FORECLOSURE 0 0.00 0.000%
REO PROPERTY 3 964,099.01 0.421%
---------------- ------------------------- ----------------
DELINQUENCY TOTALS 39 $12,006,969.17 5.247%
OUTSTANDING 621 $228,802,719.87
FORECLOSURE/REO
180 - 719 3 964,099.01
<CAPTION>
RANGES POOL POOL
(IN DAYS) AMOUNT PCT
<S> <C> <C> <C>
SERIES 1998-1 1 TO 29 867,675.71 1.328%
30 TO 59 144,845.99 0.222%
60 TO 89 0.00 0.000%
90 TO 179 524,393.01 0.803%
180 TO 719 1,219,004.68 1.866%
720 AND OVER 0.00 0.000%
FORECLOSURE 0.00 0.000%
REO PROPERTY 241,024.77 0.369%
---------------- -------------
DELINQUENCY TOTALS $2,996,944.16 4.588%
OUTSTANDING $65,335,093.11
FORECLOSURE/REO
180 - 719 241,024.77
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
<TABLE>
<CAPTION>
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
<S> <C> <C> <C>
(ii) 769 769 769
(iii) - - 39
(iv) - - 0
(v) - - 3
(x)(a & b) (i) 4 5 4
(ii) 0 0 0
(iii) 0 0 0
total 4 5 4
(c & d) (i) 42 42 42
(ii) 0 0 0
(iii) 0 0 0
(iv) 1 1 1
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 43 43 43
(xii) 726 726 726
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR
THE JULY 12, 2000 DETERMINATION DATE
<TABLE>
<CAPTION>
<S> <C> <C>
1. AVAILABLE FUNDS $5,026,992.72
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 60,761,636.59
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,573,456.52
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 65,335,093.11
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) DOLLARS 447,715.41
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 18,159.07
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 195,448.82
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 770,033.07
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 1,217.09
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 138,495.66
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 338,239.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (1,194.61)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 337,045.19
4.02682425
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,059.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (95.65)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 26,964.05
4.28000794
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 615,030.67
(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 128,800.96
(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 743,831.63
8.88687730
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 46,292.63
(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 9,694.70
(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 55,987.33
8.88687778
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,746,757.71
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 60,017,804.96
717.05860167
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 4,517,469.19
717.05860159
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 64,535,274.15
717.05860167
13. (A) EXCESS SPREAD 168,317.77
(B) EXTRA INTEREST 210,776.40
(C) SPREAD BALANCE 3,746,757.71
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,795,855.15
14. (A) WEIGHTED AVERAGE MATURITY 195.008
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 11.020%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 69,387.55
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 81,733.81
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,266.76
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) 14,849.41
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 78,385.84
17. (A) CLASS A REMITTANCE RATE 6.680%
(B) CLASS B REMITTANCE RATE 7.100%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
(A) AMOUNT ON DEPOSIT IN SPREAD ACCOUNT AFTER ALL
REQUIRED TRANSFERS ON SUCH REMITTANCE DATE 3,879,129.54
(B) SPREAD ACCOUNT EXCESS DISTRIBUTED TO SPREAD
ACCOUNT DEPOSITOR PURSUANT TO SECTION 6.02(b) (iii) 83,274.39
</TABLE>
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store
Investment Corporation complied with section 6.09 of the Pooling and Servicing
Agreement dated February 28, 1998 pertaining to Series 1998 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF JUNE 30, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 9 4,760,946.75 2.109% 1,630,612.20 2.527%
30 TO 59 3 504,051.48 0.223% 126,012.92 0.195%
60 TO 89 2 276,745.26 0.123% 65,724.14 0.102%
90 TO 179 3 1,207,869.57 0.535% 301,967.40 0.468%
180 TO 719 19 5,193,613.29 2.301% 1,296,095.78 2.008%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 3 964,099.01 0.427% 241,024.77 0.373%
---------------- ----------- ---------------- ---------
DELINQUENCY TOTALS 39 $12,907,325.36 5.718% $3,661,437.21 5.673%
OUTSTANDING 617 $225,709,114.63 $64,535,274.15
FORECLOSURE/REO
180 - 719 3 964,099.01 241,024.77
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1998-1
The following additional information, presented in dollars, pursuant to Section
6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each Class
per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
(ii) 726 726 726
(iii) - - 5
(iv) - - 0
(v) - - 2
(x)(a&b) (i) 4 4 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 7 7 7
(ii) 0 0 0
(iii) 0 0 0
(iv) 2 2 2
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 9 9 9
(xii) 717 717 717
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the
Servicing Fee rate as specified in the Agreement over the prior month
weighted average customer rate.
Page 7 of 7
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF FEBRUARY 28, 1998, THE MONEY STORE INVESTMENT CORPORATION REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1998-1 FOR THE AUGUST 10, 2000
DETERMINATION DATE
1. AVAILABLE FUNDS $4,990,315.47
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 60,017,804.96
(B) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,517,469.19
(C) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 64,535,274.15
3. PRINCIPAL PREPAYMENTS RECEIVED DURING DUE PERIOD
(A) NUMBER OF ACCOUNTS 4
(B) DOLLARS 291,554.10
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY CURTAILMENTS RECEIVED DURING THE DUE PERIOD 26,641.04
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 190,309.04
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED NET OF THE FTA's
FEE, PREMIUM PROTECTION FEE, ADDITIONAL FEE AND PORTION
PAYABLE TO REGISTERED HOLDERS 842,543.07
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 1,465.81
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
Page 1 of 7 Series 1998-1
<PAGE>
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED LOAN 9,231.03
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 359,106.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (25,936.36)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 333,170.24
3.98052855
(B) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 28,610.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT (2,066.45)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 26,544.25
4.21337302
(C) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 472,908.89
(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 8,584.86
(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 481,493.75
5.75261350
(D) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 35,595.29
(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 646.17
(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 36,241.46
5.75261270
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 3,795,855.15
(B) TRANSFER FROM SPREAD ACCOUNT TO CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
</TABLE>
Page 2 of 7 Series 1998-1
<PAGE>
<TABLE>
<S> <C>
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 59,536,311.21
711.30598817
(B) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 4,481,227.73
711.30598889
(C) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 64,017,538.94
711.30598822
13. (A) EXCESS SPREAD 193,669.39
(B) EXTRA INTEREST 208,196.10
(C) SPREAD BALANCE 3,795,855.15
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,828,643.19
14. (A) WEIGHTED AVERAGE MATURITY 194.217
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 11.496%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 76,000.01
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 80,586.92
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 3,226.76
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) 8,445.15
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 69,387.55
17. (A) CLASS A REMITTANCE RATE 7.180%
(B) CLASS B REMITTANCE RATE 7.600%
</TABLE>
Page 3 of 7 Series 1998-1
<PAGE>
<TABLE>
<S> <C>
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
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 0.00
19. OTHER INFORMATION AS REQUESTED
(A) AMOUNT ON DEPOSIT IN SPREAD ACCOUNT AFTER ALL
REQUIRED TRANSFERS ON SUCH REMITTANCE DATE 4,129,468.48
(B) SPREAD ACCOUNT EXCESS DISTRIBUTED TO SPREAD
ACCOUNT DEPOSITOR PURSUANT TO SECTION 6.02(b) (iii) 300,825.29
I, Stephanie Callahan, Assistant Vice President, represent that The Money Store Investment
Corporation complied with section 6.09 of the Pooling and Servicing Agreement dated
February 28, 1998 pertaining to Series 1998 - 1 in preparing the accompanying
Servicer's Certificate.
</TABLE>
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7 Series 1998-1
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF JULY 31, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1998-1 1 TO 29 9 4,223,788.03 1.888% 1,496,322.60 2.337%
30 TO 59 3 732,581.23 0.328% 183,145.37 0.286%
60 TO 89 2 244,240.42 0.109% 61,060.13 0.095%
90 TO 179 3 1,168,967.28 0.523% 292,241.86 0.457%
180 TO 719 19 5,388,017.35 2.409% 1,347,004.56 2.104%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 3 964,099.01 0.431% 241,024.77 0.376%
DELINQUENCY TOTALS 39 $ 12,721,693.32 5.688% $ 3,620,799.29 5.655%
--- --------------- ----- --------------- -----
OUTSTANDING 612 $223,673,634.90 $ 64,017,538.94
--- --------------- ---------------
FORECLOSURE/REO
180 - 719 3 964,099.01 241,024.77
</TABLE>
Page 5 of 7 Series 1998-1
<PAGE>
SERIES 1998-1
<TABLE>
<CAPTION>
The following additional information, presented in dollars, pursuant to
Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii) is provided for each
Class per $1,000 original dollar amount as of the Cut-Off Date.
SUBCLAUSE CLASS A CLASS B POOL
--------- -------- -------- ----
<S> <C> <C> <C>
(ii) 717 717 717
(iii) - - 3
(iv) - - 0
(v) - - 2
(x)(a & b) (i) 4 5 4
(ii) 0 0 0
(iii) 0 0 0
total 4 4 4
(c & d) (i) 6 6 6
(ii) 0 0 0
(iii) 0 0 0
(iv) 0 0 0
(v) 0 0 0
(vi) 0 0 0
(vii) 0 0 0
total 6 6 6
(xii) 711 711 711
</TABLE>
Page 6 of 7 Series 1998-1
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1998-1, CLASS A & B
EXHIBIT A
<TABLE>
<S> <C>
1. In the calculation of Servicing Fee, the Company computes the amount based
upon the product of the total interest collected and the ratio of the Servicing Fee
rate as specified in the Agreement over the prior month weighted average customer rate.
</TABLE>
Page 7 of 7 Series 1998-1
