ARCADIA RECEIVABLES FINANCE CORP
305B2, 2000-09-21
ASSET-BACKED SECURITIES
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM T-1

                            STATEMENT OF ELIGIBILITY
                      UNDER THE TRUST INDENTURE ACT OF 1939
                  OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

                CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
                  OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) X
                                                            ---


                         BANK ONE, NATIONAL ASSOCIATION
               (EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)

    A NATIONAL BANKING ASSOCIATION                     36-0899825
                                                    (I.R.S. EMPLOYER
                                                  IDENTIFICATION NUMBER)

  1 BANK ONE PLAZA, CHICAGO, ILLINOIS                  60670-0126
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)               (ZIP CODE)

                         BANK ONE, NATIONAL ASSOCIATION
                        1 BANK ONE PLAZA, SUITE IL1-0126
                          CHICAGO, ILLINOIS 60670-0126
                     ATTN: STEVEN M. WAGNER, (312) 407-1819
            (NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)



                 ASSOCIATES AUTOMOBILE RECEIVABLES TRUST 2000-2
               (EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)


              DELAWARE                                    41-1743653
   (STATE OR OTHER JURISDICTION OF                     (I.R.S. EMPLOYER
    INCORPORATION OR ORGANIZATION)                   IDENTIFICATION NUMBER)

C/O WILMINGTON TRUST COMPANY
RODNEY SQUARE NORTH
WILMINGTON, DELAWARE                                      19890-0001
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                  (ZIP CODE)



                      AUTOMOBILE RECEIVABLES - BACKED NOTES
                         (TITLE OF INDENTURE SECURITIES)

<PAGE>   2


ITEM 1.  GENERAL INFORMATION.  FURNISH THE FOLLOWING
                  INFORMATION AS TO THE TRUSTEE:

                  (a) NAME AND ADDRESS OF EACH EXAMINING OR
                  SUPERVISING AUTHORITY TO WHICH IT IS SUBJECT.

                  Comptroller of Currency, Washington, D.C.;
                  Federal Deposit Insurance Corporation,
                  Washington, D.C.; The Board of Governors of
                  the Federal Reserve System, Washington D.C..

                  (b) WHETHER IT IS AUTHORIZED TO EXERCISE
                  CORPORATE TRUST POWERS.

                  The trustee is authorized to exercise corporate trust powers.

ITEM 2.  AFFILIATIONS WITH THE OBLIGOR.  IF THE OBLIGOR
                  IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH
                  SUCH AFFILIATION.

                  No such affiliation exists with the trustee.


ITEM 16.          LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART
                  OF THIS STATEMENT OF ELIGIBILITY.

                  1.  A copy of the articles of association of the
                      trustee now in effect.*

                  2.  A copy of the certificates of authority of the
                      trustee to commence business.*

                  3.  A copy of the authorization of the trustee to
                      exercise corporate trust powers.*

                  4.  A copy of the existing by-laws of the trustee.*

                  5.  Not Applicable.

                  6.  The consent of the trustee required by
                      Section 321(b) of the Act.


<PAGE>   3


                  7.  A copy of the latest report of condition of the
                      trustee published pursuant to law or the
                      requirements of its supervising or examining
                      authority.

                  8.  Not Applicable.

                  9.  Not Applicable.


         Pursuant to the requirements of the Trust Indenture Act of 1939, as
         amended, the trustee, Bank One, National Association, a national
         banking association organized and existing under the laws of the United
         States of America, has duly caused this Statement of Eligibility to be
         signed on its behalf by the undersigned, thereunto duly authorized, all
         in the City of Chicago and State of Illinois, on the 23rd day of
         August, 2000.


                      BANK ONE, NATIONAL ASSOCIATION,
                      TRUSTEE

                      BY   /s/ STEVEN M. WAGNER
                           STEVEN M. WAGNER
                           FIRST VICE PRESIDENT





* EXHIBITS 1, 2, 3, AND 4 ARE HEREIN INCORPORATED BY REFERENCE TO EXHIBITS
BEARING IDENTICAL NUMBERS IN ITEM 16 OF THE FORM T-1 OF BANK ONE, NATIONAL
ASSOCIATION, FILED AS EXHIBIT 25 TO THE REGISTRATION STATEMENT ON FORM S-3 OF
HOUSEHOLD FINANCE CORPORATION FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
ON MARCH 24, 2000 (REGISTRATION NO. 333-33240).



<PAGE>   4
                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT
NUMBER            DESCRIPTION
-------           -----------
<S>               <C>
   1.             A copy of the articles of association of the trustee now in
                  effect.*

   2.             A copy of the certificates of authority of the trustee to
                  commence business.*

   3.             A copy of the authorization of the trustee to exercise
                  corporate trust powers.*

   4.             A copy of the existing by-laws of the trustee.*

   5.             Not Applicable.

   6.             The consent of the trustee required by Section 321(b) of the
                  Act.

   7.             A copy of the latest report of condition of the trustee
                  published pursuant to law or the requirements of its
                  supervising or examining authority.

   8.             Not Applicable.

   9.             Not Applicable.
</TABLE>

* EXHIBITS 1, 2, 3, AND 4 ARE HEREIN INCORPORATED BY REFERENCE TO EXHIBITS
BEARING IDENTICAL NUMBERS IN ITEM 16 OF THE FORM T-1 OF BANK ONE, NATIONAL
ASSOCIATION, FILED AS EXHIBIT 25 TO THE REGISTRATION STATEMENT ON FORM S-3 OF
HOUSEHOLD FINANCE CORPORATION FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
ON MARCH 24, 2000 (REGISTRATION NO. 333-33240).




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