<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE APRIL 12, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 2,795,761.03
2. (A) ORIGINAL CLASS A CERTIFICATE
PRINCIPAL BALANCE 94,012,000.00
(B) ORIGINAL CLASS M CERTIFICATE
PRINCIPAL BALANCE 2,888,000.00
(C) ORIGINAL CLASS B CERTIFICATE
PRINCIPAL BALANCE 4,189,247.00
(D) ORIGINAL POOL
PRINCIPAL BALANCE 84,142,607.25
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 1
(B) PRINCIPAL BALANCES 36,344.33
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 0.00
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 45,261.61
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,554,847.46
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 40.19
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 434,805.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (1.24)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 434,804.36
4.62498787
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,608.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (0.07)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,608.43
5.05832064
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 24,611.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT 0.06
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,611.76
5.87498422
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 75,893.53
(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 (0.29)
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 75,893.24
0.89727184
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 2,333.93
(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 (0.01)
TOTAL CLASS M PRINCIPAL DISTRIBUTION AMOUNT 2,333.92
0.80814404
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 3,378.48
(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 (0.01)
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 3,378.47
0.80646235
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 400,000.00
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 93,936,106.76
999.19272816
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,885,666.08
999.19185596
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,185,868.53
999.19353765
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 84,061,001.62
831.55235710
13. (A) EXCESS SPREAD 797,799.68
(B) EXTRA INTEREST 255,442.80
(C) SPREAD ACCOUNT BALANCE 400,000.00
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,682,852.15
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 230.361
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.725%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 90,650.80
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 91,646.24
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,207.13
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 0.00
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
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 16,946,639.35
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Arthur Lyon, Senior Vice President, represent that The Money Store Investment
Corporation complied with section 6.09 of the Pooling and Servicing Agreement
dated February 28, 1999 pertaining to Series 1999 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
ARTHUR LYON
SENIOR VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF MARCH 31, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C>
SERIES 1999-1 1 TO 29 20 12,912,905.71 4.839% 4,444,781.72 5.288%
30 TO 59 1 278,478.81 0.104% 69,619.70 0.083%
60 TO 89 0 0.00 0.000% 0.00 0.000%
90 TO 179 0 0.00 0.000% 0.00 0.000%
180 TO 719 0 0.00 0.000% 0.00 0.000%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--- --------------- ----- -------------- -----
DELINQUENCY TOTALS 21 $ 13,191,384.52 4.943% $ 4,514,401.42 5.371%
=== =============== ===== ============== =====
OUTSTANDING 557 $266,825,814.89 $84,061,001.62
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
(ii) 1,000 1,000 1,000 832
(iii) - - - 0
(iv) - - - 0
(v) - - - 0
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 1 1 1 1
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 1 1 1 1
(xii) 999 999 999 832
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE MAY 12, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $4,153,733.35
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 93,936,106.76
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,885,666.08
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,185,868.53
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 84,061,001.62
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 6
(B) PRINCIPAL BALANCES 413,908.17
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 8,489.59
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 159,117.67
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,156,489.54
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 1,702.44
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 434,454.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (322.52)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 434,132.08
4.61783687
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,596.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (10.97)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,585.83
5.05049515
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 24,591.90
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (18.17)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,573.73
5.86590621
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 540,809.35
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUST 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 540,809.35
5.75255659
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 16,631.34
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUST 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 M PRINCIPAL DISTRIBUTION AMOUNT 16,631.34
5.75877424
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 24,074.74
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUST 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 24,074.74
5.74679411
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,373,835.81
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 93,395,297.41
993.44017157
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,869,034.74
993.43308172
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,161,793.79
993.44674353
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 83,479,486.19
825.79986168
13. (A) EXCESS SPREAD 369,707.71
(B) EXTRA INTEREST 255,195.30
(C) SPREAD ACCOUNT BALANCE 1,373,835.81
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,682,852.15
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 229.556
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.721%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 94,185.15
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 91,382.41
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,203.05
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 90,650.80
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
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 16,946,639.35
19. OTHER INFORMATION AS REQUESTED
</TABLE>
I, Arthur Lyon, Senior Vice President, represent that The Money Store Investment
Corporation complied with section 6.09 of the Pooling and Servicing Agreement
dated February 28, 1999 pertaining to Series 1999 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
ARTHUR LYON
SENIOR VICE PRESIDENT
Page 4 of 7
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF APRIL 30, 1999
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1999-1 1 TO 29 26 13,001,636.13 4.916% 3,378,994.91 4.048%
30 TO 59 2 2,827,462.15 1.069% 1,344,072.13 1.610%
60 TO 89 1 278,478.81 0.105% 69,619.70 0.083%
90 TO 179 0 0.00 0.000% 0.00 0.000%
180 TO 719 0 0.00 0.000% 0.00 0.000%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--------- -------------- ----- ------------- -----
DELINQUENCY TOTALS 29 $16,107,577.09 6.090% $4,792,686.74 5.741%
========= ============== ===== ============= =====
OUTSTANDING 551 $264,463,312.25 $83,479,486.19
========= ============== =============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- -------- -------- -------- ----
(ii) 999 999 999 832
(iii) - - - 4
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 6 6 6 6
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 6 6 6 6
(xii) 993 993 993 826
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
JUNE 10, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 5,050,339.61
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 93,395,297.41
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,869,034.74
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,161,793.79
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 83,479,486.19
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 2
(B) PRINCIPAL BALANCES 425,182.41
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 0.00
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 146,566.26
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 812,298.52
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 633.85
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 431,953.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (575.68)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 431,377.52
4.58853678
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,512.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (19.31)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,493.19
5.01841759
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 24,450.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (32.65)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,417.95
5.82872053
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 531,726.26
(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 531,726.26
5.65594031
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 16,352.01
(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 M PRINCIPAL DISTRIBUTION AMOUNT 16,352.01
5.66205332
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 23,670.40
(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 23,670.40
5.65027557
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,682,852.15
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 92,863,571.15
987.78423127
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,852,682.73
987.77102839
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,138,123.39
987.79646796
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 82,907,737.52
820.14398149
13. (A) EXCESS SPREAD 149,759.92
(B) EXTRA INTEREST 253,429.80
(C) SPREAD ACCOUNT BALANCE 1,682,852.15
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,682,852.15
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 228.341
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.721%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 79,258.41
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 90,491.91
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,173.97
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 94,185.15
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
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 16,946,639.35
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, 1999 pertaining to Series 1999 - 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> <C>
SERIES 1999-1 1 TO 29 43 21,122,349.67 8.052% 6,423,808.37 7.748%
30 TO 59 6 4,232,428.55 1.613% 1,695,313.70 2.045%
60 TO 89 1 978,342.61 0.373% 244,585.65 0.295%
90 TO 179 0 0.00 0.000% 0.00 0.000%
180 TO 719 0 0.00 0.000% 0.00 0.000%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
------ -------------- ------ -------------- ------
DELINQUENCY TOTALS 50 $26,333,120.83 10.038% $ 8,363,707.72 10.088%
====== ============== ====== ============== ======
OUTSTANDING 549 $262,314,960.87 $82,907,737.52
====== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- -------- -------- -------- ----
(ii) 993 993 993 826
(iii) - - - 4
(iv) - - - 0
(v) - - - 1
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 6 6 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 6 6 6 5
(xii) 988 988 988 820
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
JULY 12, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 5,340,684.87
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 92,863,571.15
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,852,682.73
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,138,123.39
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 82,907,737.52
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) PRINCIPAL BALANCES 213,576.15
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 2,851.00
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 235,225.00
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,272,558.40
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 447.18
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 429,494.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (571.40)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 428,922.70
4.56242501
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,429.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (19.07)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,410.63
4.98983033
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 24,311.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (32.26)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,279.14
5.79558570
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 420,036.50
(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 20.27
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 420,056.77
4.46811864
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 12,917.25
(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 0.62
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS M PRINCIPAL DISTRIBUTION AMOUNT 12,917.87
4.47294668
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 18,698.40
(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 0.91
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 18,699.31
4.46364466
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,682,852.15
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 92,443,514.38
983.31611262
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,839,764.86
983.29808172
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,119,424.08
983.33282330
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 99,402,702.92
983.31628605
13. (A) EXCESS SPREAD 417,913.50
(B) EXTRA INTEREST 251,694.00
(C) SPREAD ACCOUNT BALANCE 1,682,852.15
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,682,852.15
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 223.199
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.699%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 104,157.91
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 89,703.61
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,145.39
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 94,185.15
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
LOANS PURCHASED DURING THE PRIOR DUE PERIOD 16,946,617.55
(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, 1999 pertaining to Series 1999 - 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>
SERIES 1999-1 1 TO 29 22 12,287,558.38 3.922% 4,362,889.02 4.389%
30 TO 59 4 1,346,105.26 0.430% 336,526.28 0.339%
60 TO 89 5 2,960,062.28 0.945% 740,015.54 0.744%
90 TO 179 1 978,342.61 0.312% 244,585.65 0.246%
180 TO 719 0 0.00 0.000% 0.00 0.000%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
-------- --------------- ----- -------------- -----
DELINQUENCY TOTALS 32 $ 17,572,068.53 5.609% $ 5,684,016.49 5.718%
======== =============== ===== ============== =====
OUTSTANDING 667 $313,337,766.24 $99,402,702.92
======== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
<S> <C> <C> <C> <C>
(ii) 988 988 988 820
(iii) - - - 2
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & d) (i) 4 4 4 4
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 4 4 4 4
(xii) 983 983 983 983
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
AUGUST 11, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 7,766,498.13
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 92,443,514.38
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,839,764.86
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,119,424.08
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 99,402,702.92
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 2
(B) PRINCIPAL BALANCES 572,913.49
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 13,186.38
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 224,838.47
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,206,958.88
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 1,492.50
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 427,551.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (2,301.29)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 425,250.01
4.52335883
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,364.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (77.44)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,287.16
4.94707756
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 24,201.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (130.25)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,071.35
5.74598490
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 754,172.65
(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 754,172.65
8.02208920
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 23,192.84
(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 M PRINCIPAL DISTRIBUTION AMOUNT 23,192.84
8.03076177
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 33,572.85
(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 33,572.85
8.01405360
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,682,852.14
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 91,689,341.73
975.29402342
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,816,572.02
975.26731994
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,085,851.23
975.31876970
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 98,591,764.58
975.29428209
13. (A) EXCESS SPREAD 246,888.09
(B) EXTRA INTEREST 301,770.00
(C) SPREAD ACCOUNT BALANCE 1,682,852.14
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,682,852.15
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 221.940
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.700%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 108,654.48
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 106,967.53
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,970.14
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 94,185.15
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 31 18,576,250.52 5.976% 6,204,277.92 6.293%
30 TO 59 3 1,964,308.00 0.632% 599,887.76 0.608%
60 TO 89 3 796,668.67 0.256% 199,167.15 0.202%
90 TO 179 6 3,341,883.70 1.075% 835,470.89 0.847%
180 TO 719 0 0.00 0.000% 0.00 0.000%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
-------- --------------- ----- -------------- -----
DELINQUENCY TOTALS 43 $ 24,679,110.89 7.939% $ 7,838,803.72 7.950%
======== =============== ===== ============== =====
OUTSTANDING 665 $310,870,538.02 $98,591,764.58
======== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
<S> <C> <C> <C> <C>
(ii) 983 983 983 983
(iii) - - - 6
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 8 8 8 8
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 8 8 8 8
(xii) 975 975 975 975
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE SEPTEMBER 10, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $ 9,068,926.22
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 91,689,341.33
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,816,572.02
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,085,851.23
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 98,591,764.58
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 5
(B) PRINCIPAL BALANCES 456,911.49
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 42,612.50
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 280,673.50
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,111,402.48
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 777.06
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 424,063.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (2,172.25)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 421,890.95
4.48762871
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,247.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (73.12)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,174.18
4.90795706
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 24,004.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (123.09)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 23,881.41
5.70064501
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 725,583.67
(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 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 725,583.67
7.71798994
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 22,313.65
(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 M PRINCIPAL DISTRIBUTION AMOUNT 22,313.65
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 32,300.17
(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 32,300.17
7.71025676
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,682,376.73
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 90,963,757.66
967.57602923
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,794,258.37
967.54098684
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,053,551.06
967.60851294
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 97,811,567.09
967.57637427
13. (A) EXCESS SPREAD 221,807.94
(B) EXTRA INTEREST 299,308.20
(C) SPREAD ACCOUNT BALANCE 1,682,376.73
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,682,852.15
</TABLE>
Page 3 of 7
<PAGE>
** REVISED 09/14/99
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 220.824
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.699%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 111,015.13
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 106,139.39
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,929.59
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) ** 108,654.48
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
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, 1999 pertaining to Series 1999 - 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> <C>
SERIES 1999-1 1 TO 29 18 9,276,526.42 3.013% 3,460,439.36 3.538%
30 TO 59 5 4,175,941.03 1.356% 1,884,916.55 1.927%
60 TO 89 2 1,273,982.61 0.414% 427,306.41 0.437%
90 TO 179 7 3,718,003.63 1.208% 929,500.86 0.950%
180 TO 719 0 0.00 0.000% 0.00 0.000%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--- -------------- ----- ------------- -----
DELINQUENCY TOTALS 32 $18,444,453.69 5.991% $6,702,163.18 6.852%
=== ============== ===== ============= =====
OUTSTANDING 660 $307,893,553.72 $97,811,567.09
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ----- - ----- - ----- - ----
(ii) 975 975 975 975
(iii) - - - 5
(iv) - - - 0
(v) - - - 3
(x)(a,b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 4 5 6 5
(d,e & f) (i) 8 8 8 7
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 8 8 8 7
(xii) 968 968 968 968
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
OCTOBER 12, 1999 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $9,685,290.92
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 90,963,757.66
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,794,258.37
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,053,551.06
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 97,811,567.09
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 2
(B) PRINCIPAL BALANCES 194,065.28
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 12,019.34
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 210,510.09
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 904,160.56
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 790.31
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 420,707.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (2,319.26)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 418,388.14
4.45036953
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 14,134.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (77.83)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,056.37
4.86716413
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 23,814.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (131.27)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 23,683.33
5.65336205
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 387,433.08
(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 387,433.08
4.12110241
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 11,914.60
(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 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 M PRINCIPAL DISTRIBUTION AMOUNT 11,914.60
4.12555402
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 17,247.03
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) UNGUARANTEED PERCENTAGE OF
LOSSES THAT WERE LIQUIDATED 0.00
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 17,247.03
4.11697615
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,681,770.70
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 90,576,324.58
963.45492682
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,782,343.77
963.41543283
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,036,304.03
963.49153678
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 97,394,972.38
963.45531568
13. (A) EXCESS SPREAD 125,367.98
(B) EXTRA INTEREST 296,939.70
(C) SPREAD ACCOUNT BALANCE 1,681,770.70
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 1,927,437.80
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 219.808
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 9.716%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 88,878.75
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 105,040.99
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,890.58
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 111,015.13
17. (A) CLASS A REMITTANCE RATE 5.550%
(B) CLASS M REMITTANCE RATE 6.070%
(C) CLASS B REMITTANCE RATE 7.050%
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 19 9,651,226.11 3.151% 2,991,881.51 3.072%
30 TO 59 6 3,401,309.79 1.110% 1,054,052.11 1.082%
60 TO 89 3 2,364,034.20 0.772% 1,228,215.14 1.261%
90 TO 179 8 3,982,269.88 1.300% 1,104,378.18 1.134%
180 TO 719 1 978,342.61 0.319% 244,585.65 0.251%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--------- -------------- ----- -------------- -----
DELINQUENCY TOTALS 37 $20,377,182.59 6.652% $ 6,623,112.59 6.800%
========= ============== ===== ============== =====
OUTSTANDING 658 $306,337,139.54 $97,394,972.38
========= =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- -------- -------- -------- ----
(ii) 968 968 968 968
(iii) - - - 2
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 4 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 4 5 6 5
(d, e & f) (i) 4 4 4 4
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 4 4 4 4
(xii) 963 963 963 963
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE NOVEMBER 09, 1999 DETERMINATION DATE
1. AVAILABLE FUNDS $10,540,446.52
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 90,576,324.58
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,782,343.77
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,036,304.03
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 97,394,972.38
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 1
(B) PRINCIPAL BALANCES 111,573.79
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 0.00
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 208,509.93
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 958,565.51
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 287.83
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 SBA LOAN 121,466.07
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 456,655.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (38,310.08)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 418,345.42
4.44991512
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,233.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (1,278.04)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 13,955.36
4.83218837
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 25,395.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (2,130.39)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 23,264.61
5.55341091
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 297,677.85
(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 112,963.44
(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 410,641.29
4.36796675
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 9,154.41
(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 3,473.93
(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 M PRINCIPAL DISTRIBUTION AMOUNT 12,628.34
4.37269391
</TABLE>
Page 2 of 7
<PAGE>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 13,251.46
(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 5,028.70
(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 18,280.16
4.36359088
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 1,926,356.35
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 90,165,683.29
959.08696007
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,769,715.43
959.04273892
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,018,023.87
959.12794591
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 96,953,422.59
959.08739522
13. (A) EXCESS SPREAD 156,495.15
(B) EXTRA INTEREST 295,674.90
(C) SPREAD ACCOUNT BALANCE 1,926,356.35
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 2,448,703.34
Page 3 of 7
<PAGE>
14. (A) WEIGHTED AVERAGE MATURITY 218.996
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.181%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 94,352.54
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 104,471.08
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,869.75
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 88,878.75
17. (A) CLASS A REMITTANCE RATE 6.050%
(B) CLASS M REMITTANCE RATE 6.570%
(C) CLASS B REMITTANCE RATE 7.550%
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 36 17,868,748.63 5.865% 5,966,226.18 6.154%
30 TO 59 7 4,247,147.98 1.394% 1,265,511.70 1.305%
60 TO 89 4 1,917,826.10 0.629% 479,456.50 0.495%
90 TO 179 5 3,630,807.56 1.192% 1,653,719.23 1.706%
180 TO 719 5 3,063,404.89 1.005% 765,851.19 0.790%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
-- -------------- ------ -------------- -------
DELINQUENCY TOTALS 57 $30,727,935.16 10.085% $10,130,764.80 10.450%
== ============== ======= ============== =======
OUTSTANDING 656 $304,679,888.35 $96,953,422.59
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
(ii) 963 963 963 963
(iii) - - - 1
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 (1) 0
total 4 5 6 5
(d, e & f) (i) 3 3 3 3
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 1 1 1 1
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 4 4 4 4
(xii) 959 959 959 959
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
DECEMBER 10, 1999 DETERMINATION DATE
<TABLE>
<S> <C> <C>
1. AVAILABLE FUNDS $12,243,791.62
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 90,165,683.29
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,769,715.43
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,018,023.87
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 96,953,422.59
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 1
(B) PRINCIPAL BALANCES 29,778.33
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 12,786.73
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 378,252.29
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,202,285.09
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 361.08
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 454,585.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (3,636.47)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 450,948.73
4.79671457
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,164.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (121.22)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 15,042.88
5.20875346
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 25,280.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (202.27)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 25,077.83
5.98623810
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 391,360.13
(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 391,360.13
4.16287421
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 12,035.39
(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 M PRINCIPAL DISTRIBUTION AMOUNT 12,035.39
4.16737881
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 17,421.83
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) UNGUARANTEED PERCENTAGE OF
LOSSES THAT WERE LIQUIDATED 0.00
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 17,421.83
4.15870203
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 2,112,749.34
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 89,774,323.16
954.92408586
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,757,680.04
954.87536011
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 4,000,602.04
954.96924388
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 96,532,605.24
954.92456522
13. (A) EXCESS SPREAD 201,180.48
(B) EXTRA INTEREST 294,334.50
(C) SPREAD ACCOUNT BALANCE 2,112,749.34
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 2,483,043.50
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 218.138
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.180%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 109,666.95
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 103,863.23
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,847.67
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 94,352.54
17. (A) CLASS A REMITTANCE RATE 6.050%
(B) CLASS M REMITTANCE RATE 6.570%
(C) CLASS B REMITTANCE RATE 7.550%
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 23 15,473,684.90 5.099% 5,643,596.89 5.846%
30 TO 59 7 2,358,592.51 0.777% 697,701.59 0.723%
60 TO 89 3 2,176,898.64 0.717% 544,224.67 0.564%
90 TO 179 7 4,279,360.30 1.410% 1,707,046.64 1.768%
180 TO 719 6 3,200,765.57 1.055% 800,191.35 0.829%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
---------- ------------- ----- ------------ -----
DELINQUENCY TOTALS 46 $27,489,301.92 9.058% $9,392,761.14 9.730%
== ============== ===== ============= =====
OUTSTANDING 655 $303,451,832.35 $96,532,605.24
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ----- - ----- - ----- - ----
(ii) 959 959 959 959
(iii) - - - 0
(iv) - - - 0
(v) - - - 4
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 4 4 4 4
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 4 4 4 4
(xii) 955 955 955 955
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
JANUARY 12, 2000 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $14,120,132.94
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 89,774,323.16
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,757,680.04
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 4,000,602.04
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 96,532,605.24
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 7
(B) PRINCIPAL BALANCES 732,037.94
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 15,516.25
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 227,347.18
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE FTA'S FEE,
THE ADDITIONAL FEE AND THE SERVICING FEE ATTRIBUTABLE TO THE
UNGUARANTEED INTEREST 1,120,012.67
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 1,947.94
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 452,612.10
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (3,695.27)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 448,916.83
4.77510137
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,098.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (123.37)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,975.03
5.18525970
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 25,170.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (205.65)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,964.95
5.95929292
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 906,658.26
(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 906,658.26
9.64406948
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 27,882.19
(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 M PRINCIPAL DISTRIBUTION AMOUNT 27,882.19
9.65449792
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 40,360.92
(ii) PRINCIPAL PORTION OF THE UNGUARANTEED
INTEREST PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) UNGUARANTEED PERCENTAGE OF
LOSSES THAT WERE LIQUIDATED 0.00
(v) UNGUARANTEED PERCENTAGE OF SBA LOAN
DELINQUENT 24 MONTHS OR UNCOLLECTIBLE 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 40,360.92
9.63440924
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT
IN CASH AND FROM LIQUIDATION OF
PERMITTED INSTRUMENTS 2,483,043.50
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO ALTERNATE
CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 88,867,664.90
945.28001638
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 2,729,797.85
945.22086219
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE
ON THE REMITTANCE DATE 3,960,241.12
945.33483464
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 95,557,703.87
945.28059814
13. (A) EXCESS SPREAD 193,676.89
(B) EXTRA INTEREST 293,056.80
(C) SPREAD ACCOUNT BALANCE 2,483,043.50
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 2,483,043.50
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
14. (A) WEIGHTED AVERAGE MATURITY 217.581
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.183%
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 103,031.85
(B) PREMIUM PROTECTION FEE FOR THE RELATED
DUE PERIOD 103,459.61
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,826.63
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 109,666.95
17. (A) CLASS A REMITTANCE RATE 6.050%
(B) CLASS M REMITTANCE RATE 6.570%
(C) CLASS B REMITTANCE RATE 7.550%
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 26 11,452,712.42 3.822% 3,201,787.90 3.351%
30 TO 59 5 2,013,913.44 0.672% 611,531.84 0.640%
60 TO 89 2 248,277.32 0.083% 62,069.33 0.065%
90 TO 179 9 5,599,112.02 1.868% 2,036,984.58 2.132%
180 TO 719 6 3,200,765.57 1.068% 800,191.35 0.837%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--------- -------------- ------ ------------- -----
DELINQUENCY TOTALS 48 $22,514,780.77 7.513% $6,712,565.00 7.025%
========= ============== ===== ============= =====
OUTSTANDING 648 $299,673,436.33 $95,557,703.87
========= =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
(ii) 955 955 955 955
(iii) - - - 7
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 10 10 10 9
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 10 10 10 9
(xii) 945 945 945 945
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE
FEBRUARY 10, 2000 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $13,793,386.21
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 88,867,664.90
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,729,797.85
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 3,960,241.12
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 95,557,703.87
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) PRINCIPAL BALANCES 441,133.17
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 4,474.93
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 184,425.79
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 1,052,649.98
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 956.19
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 466,555.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (21,730.31)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 444,824.89
4.73157565
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,514.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (722.75)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,791.75
5.12179709
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 25,741.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (1,198.88)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,542.62
5.85848006
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 585,931.51
(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 585,931.51
6.23251830
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 18,018.98
(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 M PRINCIPAL DISTRIBUTION AMOUNT 18,018.98
6.23925900
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 26,083.40
(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 26,083.40
6.22627408
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 2,483,043.50
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 88,281,733.39
939.04749809
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,711,778.87
938.98160319
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,934,157.72
939.10856056
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 94,927,669.98
939.04814604
13. (A) EXCESS SPREAD 170,443.15
(B) EXTRA INTEREST 290,097.30
(C) SPREAD ACCOUNT BALANCE 2,483,043.50
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 3,708,133.64
14. (A) WEIGHTED AVERAGE MATURITY 216.541
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.420%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 95,613.88
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 102,057.87
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,777.89
16. AMOUNT OF REIMBURSEMENTS PURSUANT TO:
(A) SECTION 5.04 (b) 0
(B) SECTION 5.04 (c) 0.00
(C) SECTION 5.04 (d)(ii) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 103,031.85
17. (A) CLASS A REMITTANCE RATE 0.063
(B) CLASS M REMITTANCE RATE 6.820%
(C) CLASS B REMITTANCE RATE 7.800%
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
LOANS PURCHASED DURING THE PRIOR DUE PERIOD 0
(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, 1999 pertaining to Series 1999 - 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>
SERIES 1999-1 1 TO 29 19 7,209,712.22 2.426% 2,532,053.45 2.667%
30 TO 59 3 872,436.36 0.294% 218,109.09 0.230%
60 TO 89 2 1,403,177.69 0.472% 458,847.91 0.483%
90 TO 179 8 3,485,855.14 1.173% 871,463.77 0.918%
180 TO 719 9 5,552,299.77 1.868% 2,025,281.49 2.133%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--------- --------------- ------ -------------- -----
DELINQUENCY TOTALS 41 $18,523,481.18 6.233% $6,105,755.71 6.431%
========= =============== ====== ============== =====
OUTSTANDING 645 $297,245,773.56 $94,927,669.98
========= =============== ====== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
<S> <C> <C> <C> <C>
(ii) 945 945 945 945
(iii) - - - 4
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 6 6 6 6
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 6 6 6 6
(xii) 939 939 939 939
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE MARCH 10, 2000 DETERMINATION DATE
<TABLE>
<S> <C>
1. AVAILABLE FUNDS $15,613,925.20
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 88,281,733.39
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,711,778.87
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 3,934,157.72
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 94,927,669.98
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 7
(B) PRINCIPAL BALANCES 1,154,864.02
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 49,960.54
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 242,937.47
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 1,013,731.15
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 2,794.70
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7
<PAGE>
**Revised 05/22/00
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 463,479.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (4,362.30)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 459,116.70
4.88359677
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,411.90 **
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (145.02)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 15,266.88
5.28631579
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 25,572.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (240.67)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 25,331.33
6.04675017
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,346,418.68
(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 1,346,418.68
14.32177467
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 41,405.99
(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 M PRINCIPAL DISTRIBUTION AMOUNT 41,405.99
14.33725416
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 59,937.36
(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 59,937.36
14.30743043
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 2,859,757.37
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 86,935,314.71
924.72572342
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,670,372.88
924.64434903
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,874,220.36
924.80113013
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 93,479,907.95
924.72652358
13. (A) EXCESS SPREAD 163,561.14
(B) EXTRA INTEREST 288,184.50
(C) SPREAD ACCOUNT BALANCE 2,859,757.37
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,002,060.66
14. (A) WEIGHTED AVERAGE MATURITY 215.470
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.420%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 90,265.97
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 101,159.05
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,746.38
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 95,613.88
17. (A) CLASS A REMITTANCE RATE 6.300%
(B) CLASS M REMITTANCE RATE 6.820%
(C) CLASS B REMITTANCE RATE 7.800%
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 14 4,366,398.92 1.490% 1,149,614.93 1.230%
30 TO 59 0 0.00 0.000% 0.00 0.000%
60 TO 89 2 730,366.43 0.249% 182,591.61 0.195%
90 TO 179 7 3,520,174.34 1.201% 988,097.08 1.057%
180 TO 719 12 6,728,007.96 2.296% 2,319,208.51 2.481%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
----- --------------- ------ --------------- -----
DELINQUENCY TOTALS 35 $15,344,947.65 5.236% $4,639,512.13 4.963%
===== =============== ====== =============== =====
OUTSTANDING 638 $293,065,051.59 $93,479,907.95
===== =============== ====== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
<S> <C> <C> <C> <C>
(ii) 939 939 939 939
(iii) - - - 11
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 (5) 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 14 14 14 14
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 14 14 14 14
(xii) 925 925 925 925
</TABLE>
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE APRIL 12, 2000 DETERMINATION DATE
1. AVAILABLE FUNDS $15,441,331.82
2. (A) ORIGINAL CLASS A CERTIFICATE
PRINCIPAL BALANCE 86,935,314.71
(B) ORIGINAL CLASS M CERTIFICATE
PRINCIPAL BALANCE 2,670,372.88
(C) ORIGINAL CLASS B CERTIFICATE
PRINCIPAL BALANCE 3,874,220.36
(D) ORIGINAL POOL
PRINCIPAL BALANCE 93,479,907.95
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) PRINCIPAL BALANCES 136,292.10
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 118,901.16
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 212,040.35
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE, THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 986,504.65
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 1,610.04
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
Page 1 of 7
<PAGE>
** Revised 05/22/00
<TABLE>
<S> <C> <C>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 456,410.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (4,295.56)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 452,114.84
4.80911841
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,176.70 **
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (142.92)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 15,033.78
5.20560249
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 25,182.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (236.87)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,945.43
5.95463337
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 434,527.25
(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 434,527.25
4.62204027
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 13,362.88
(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 M PRINCIPAL DISTRIBUTION AMOUNT 13,362.88
4.62703601
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 19,343.48
(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 19,343.48
4.61741215
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 3,188,275.01
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 86,500,787.46
920.10368315
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,657,010.00
920.01731302
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,854,876.88
920.18371798
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 93,012,674.34
920.10453238
13. (A) EXCESS SPREAD 161,514.98
(B) EXTRA INTEREST 283,789.50
(C) SPREAD ACCOUNT BALANCE 3,188,275.01
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,331,998.60
14. (A) WEIGHTED AVERAGE MATURITY 214.842
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.418%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 89,850.85
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 99,792.57
4,674.00
16. AMOUNT OF REIMBURSEMENTS PURSUANT TO:
(A) SECTION 5.04 (b)
(B) SECTION 5.04 (c) 0.00
(C) SECTION 5.04 (d)(ii) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 0.00
90,265.97
17. (A) CLASS A REMITTANCE RATE
(B) CLASS M REMITTANCE RATE 6.300%
(C) CLASS B REMITTANCE RATE 6.820%
7.800%
18. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT SBA
LOANS PURCHASED DURING THE PRIOR DUE PERIOD
(B) AMOUNT ON DEPOSIT IN THE PRE-FUNDING ACCOUNT AS OF THE END OF 0.00
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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 13 4,385,249.39 1.504% 1,100,306.81 1.183%
30 TO 59 2 224,071.90 0.077% 56,017.99 0.060%
60 TO 89 1 118,422.48 0.041% 29,605.63 0.032%
90 TO 179 6 2,381,821.44 0.817% 703,508.85 0.756%
180 TO 719 14 8,047,759.68 2.761% 2,649,146.45 2.848%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
-------- --------------- ----- -------------- -----
DELINQUENCY TOTALS 36 $ 15,157,324.89 5.200% $ 4,538,585.73 4.879%
======== =============== ===== ============== =====
OUTSTANDING 635 $291,524,083.89 $93,012,674.34
======== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- ------- ------- ------- ----
(ii) 925 925 925 925
(iii) - - - 1
(iv) - - - 1
(v) - - - 2
(x)(a, b & c) (i) 5 (5) 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 5 5 5 4
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 5 5 5 4
(xii) 920 920 920 920
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE MAY 10, 2000 DETERMINATION DATE
1. AVAILABLE FUNDS $15,699,647.92
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 86,500,787.46
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,657,010.00
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 3,854,876.88
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 93,012,674.34
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 5
(B) PRINCIPAL BALANCES 403,862.43
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 18,673.62
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 176,820.25
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE, THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 1,007,188.44
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 1,291.60
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 SBA LOAN 9,479.44
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 490,171.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (40,059.50)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 450,111.70
4.78781113
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 16,207.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (1,324.62)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 14,883.18
5.15345568
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 26,662.80
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (2,178.94)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 24,483.86
5.84445367
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 557,401.36
(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 8,815.88
(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 A PRINCIPAL DISTRIBUTION AMOUNT 566,217.24
6.02281879
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 17,141.60
(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 271.11
(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 M PRINCIPAL DISTRIBUTION AMOUNT 17,412.71
6.02933172
4.62703601
</TABLE>
Page 2 of 7
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 24,813.34
(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 392.45
(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 25,205.79
6.01678297
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 3,502,587.40
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 85,934,570.22
914.08086436
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,639,597.29
913.98798130
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,829,671.09
914.16693501
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 92,403,838.60
914.08177766
13. (A) EXCESS SPREAD 156,609.40
(B) EXTRA INTEREST 282,371.10
(C) SPREAD ACCOUNT BALANCE 3,502,587.40
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,142,495.21
14. (A) WEIGHTED AVERAGE MATURITY 213.967
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.894%
</TABLE>
Page 3 of 7
<PAGE>
<TABLE>
<S> <C>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 90,279.44
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 99,255.70
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,650.63
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 89,850.85
17. (A) CLASS A REMITTANCE RATE 6.800%
(B) CLASS M REMITTANCE RATE 7.320%
(C) CLASS B REMITTANCE RATE 8.300%
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) LETTER OF CREDIT AVAILABLE AMOUNT 10,780,050.92
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCE AFTER DISTRIBUTION 11.67%
</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, 1999 pertaining to Series 1999 - 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 1999-1 1 TO 29 24 9,130,894.75 3.158% 2,340,739.02 2.533%
30 TO 59 2 735,268.42 0.254% 183,817.10 0.199%
60 TO 89 0 0.00 0.000% 0.00 0.000%
90 TO 179 6 3,188,993.59 1.103% 905,301.89 0.980%
180 TO 719 15 7,289,746.12 2.521% 2,459,643.06 2.662%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
-- -------------- ------ ------------- ------
DELINQUENCY TOTALS 47 $20,344,902.88 7.036% $5,889,501.07 6.374%
== ============== ====== ============= ======
OUTSTANDING 629 $289,140,529.01 $92,403,838.60
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- -------- -------- -------- ----
(ii) 920 920 920 920
(iii) - - - 4
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 6 6 5
(ii) 0 0 0 0
(iii) 0 0 (1) 0
total 5 5 6 5
(d, e & f) (i) 6 6 6 6
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 6 6 6 6
(xii) 914 914 914 914
Page 6 of 7
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE JUNE
12, 2000 DETERMINATION DATE
<TABLE>
<CAPTION>
<S> <C>
1. AVAILABLE FUNDS $16,179,285.46
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 85,934,570.22
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,639,597.29
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 3,829,671.09
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 92,403,838.60
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 7
(B) PRINCIPAL BALANCES 1,280,191.38
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 15,291.78
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 256,533.50
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE, THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 1,101,590.80
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 5,008.82
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED SBA LOAN 0.00
<S> <C> <C>
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 486,962.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (6,091.38)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 480,871.32
5.11499936
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 16,101.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (201.47)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 15,900.13
5.50558518
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 26,488.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (331.28)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 26,157.22
6.24389538
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 1,443,375.49
(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 1,443,375.49
15.35309843
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 44,387.67
(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 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 M PRINCIPAL DISTRIBUTION AMOUNT 44,387.67
15.36969183
</TABLE>
Page 2 of 7 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 64,253.50
(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 64,253.50
15.33772060
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 3,832,829.62
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 84,491,194.73
898.72776592
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,595,209.62
898.61828947
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,765,417.59
898.82921441
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 90,851,821.94
898.72884245
13. (A) EXCESS SPREAD 175,497.13
(B) EXTRA INTEREST 280,522.80
(C) SPREAD ACCOUNT BALANCE 3,832,829.62
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 4,598,797.41
14. (A) WEIGHTED AVERAGE MATURITY 213.700
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.889%
</TABLE>
Page 3 of 7 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 92,699.34
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 98,368.35
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,620.19
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 90,279.44
17. (A) CLASS A REMITTANCE RATE 6.800%
(B) CLASS M REMITTANCE RATE 7.320%
(C) CLASS B REMITTANCE RATE 8.300%
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) LETTER OF CREDIT AVAILABLE AMOUNT 9,883,916.07
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCE AFTER DISTRIBUTION 10.88%
</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, 1999 pertaining to Series 1999 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7 Series 1999-1
<PAGE>
EXHIBIT K
DELINQUENCY AND FORECLOSURE INFORMATION
AS OF MAY 31, 2000
<TABLE>
<CAPTION>
RANGES # GROSS GROSS POOL POOL
(IN DAYS) ACCOUNTS AMOUNT PCT AMOUNT PCT
<S> <C> <C> <C> <C> <C> <C>
SERIES 1999-1 1 TO 29 9 3,942,029.01 1.387% 1,045,458.19 1.151%
30 TO 59 4 1,519,607.93 0.535% 379,902.01 0.418%
60 TO 89 2 735,268.42 0.259% 183,817.10 0.202%
90 TO 179 5 2,069,901.95 0.728% 517,475.49 0.570%
180 TO 719 17 8,682,740.98 3.055% 2,915,945.26 3.210%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
-------- --------------- --------- -------------- ---------
DELINQUENCY TOTALS 37 $16,949,548.29 5.964% $5,042,598.05 5.551%
=== =============== ====== ============== ======
OUTSTANDING 622 $284,227,144.54 $90,851,821.94
==== ================ ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7 Series 1999-1
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- -------- -------- -------- ----
<S> <C> <C> <C> <C>
(ii) 914 914 914 914
(iii) - - - 13
(iv) - - - 0
(v) - - - 3
(x)(a, b & c) (i) 5 6 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 6 6 5
(d, e & f) (i) 15 15 15 15
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 15 15 15 15
(xii) 899 899 899 899
</TABLE>
Page 6 of 7 Series 1999-1
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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 1999-1
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE JULY
12, 2000 DETERMINATION DATE
<TABLE>
<CAPTION>
<S> <C>
1. AVAILABLE FUNDS $14,539,906.56
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 84,491,194.73
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,595,209.62
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 3,765,417.59
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 90,851,821.94
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 3
(B) PRINCIPAL BALANCES 512,060.77
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 5,498.45
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 197,887.95
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE, THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 985,191.10
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 2,003.09
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
</TABLE>
Page 1 of 7 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
9. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED BY
REALIZED LOSSES ON A LIQUIDATED SBA LOAN 0.00
<S> <C> <C>
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 478,783.50
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (6,337.55)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 472,445.95
5.02537921
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 15,830.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (209.47)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 15,621.23
5.40901316
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 26,044.20
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (344.80)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 25,699.40
6.13461083
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 665,365.87
(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 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 665,365.87
7.07745681
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 20,461.78
(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 M PRINCIPAL DISTRIBUTION AMOUNT 20,461.78
7.08510388
</TABLE>
Page 2 of 7 Series 1999-1
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 29,619.52
(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 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 29,619.52
7.07036849
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 4,233,903.37
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 83,825,828.86
891.65030911
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,574,747.84
891.53318560
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,735,798.07
891.75884592
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 90,136,374.77
891.65146091
13. (A) EXCESS SPREAD 151,608.10
(B) EXTRA INTEREST 275,811.00
(C) SPREAD ACCOUNT BALANCE 4,233,903.37
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 5,015,703.72
14. (A) WEIGHTED AVERAGE MATURITY 212.712
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 10.886%
</TABLE>
Page 3 of 7 Series 1999-1
<PAGE>
<TABLE>
<S> <C>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 84,520.43
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 96,687.66
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,542.59
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 92,699.34
17. (A) CLASS A REMITTANCE RATE 6.800%
(B) CLASS M REMITTANCE RATE 7.320%
(C) CLASS B REMITTANCE RATE 8.300%
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) LETTER OF CREDIT AVAILABLE AMOUNT 8,786,573.01
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCE AFTER DISTRIBUTION 9.75%
(C) AMOUNT ON DEPOSIT IN SPREAD ACCOUNT AFTER ALL
REQUIRED TRANSFERS ON SUCH REMITTANCE DATE 4,539,950.63
(D) SPREAD ACCOUNT EXCESS DISTRIBUTED TO SPREAD
ACCOUNT DEPOSITOR PURSUANT TO SECTION 6.02(b) (iii) 0.00
</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, 1999 pertaining to Series 1999 - 1 in preparing the
accompanying Servicer's Certificate.
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Page 4 of 7 Series 1999-1
<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 1999-1 1 TO 29 11 5,300,983.37 1.880% 1,693,898.51 1.879%
30 TO 59 1 280,103.20 0.099% 70,025.79 0.078%
60 TO 89 4 1,607,806.97 0.570% 401,951.75 0.446%
90 TO 179 4 1,121,860.12 0.398% 280,465.03 0.311%
180 TO 719 20 10,350,366.23 3.671% 3,332,851.57 3.698%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
------------------ ---------------------- ------------ ----------------- ------------
DELINQUENCY TOTALS 40 $18,661,119.89 6.618% $5,779,192.65 6.412%
=== =============== ====== ============== ======
OUTSTANDING 619 $281,973,734.67 $90,136,374.77
==== ================ ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7 Series 1999-1
<PAGE>
SERIES 1999-1
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 M CLASS B POOL
--------- -------- -------- -------- ----
<S> <C> <C> <C> <C> <C>
(ii) 899 899 899 899
(iii) - - - 5
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 5 6 5
(ii) 0 0 0 0
(iii) 0 0 0 0
total 5 5 6 5
(d, e & f) (i) 7 7 7 7
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 7 7 7 7
(xii) 892 892 892 892
</TABLE>
Page 6 of 7 Series 1999-1
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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 1999-1
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 28, 1999, THE MONEY STORE INVESTMENT CORPORATION
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR
THE AUGUST 10, 2000 DETERMINATION DATE
1. AVAILABLE FUNDS $ 14,086,991.81
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 83,825,828.86
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 2,574,747.84
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 3,735,798.07
(D) AGGREGATE POOL PRINCIPAL BALANCE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 90,136,374.77
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 1
(B) PRINCIPAL BALANCES 83,808.75
4. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL CURTAILMENTS RECEIVED DURING THE DUE PERIOD 9,343.09
5. PRODUCT OF THE UNGUARANTEED PERCENTAGE MULTIPLIED
BY ALL EXCESS AND MONTHLY PAYMENTS IN RESPECT OF
PRINCIPAL RECEIVED DURING THE DUE PERIOD 190,903.36
5A. RECOVERIES ON LIQUIDATED LOANS 0.00
6. AGGREGATE AMOUNT OF INTEREST RECEIVED ON THE
UNGUARANTEED INTEREST OF EACH SBA LOAN NET OF THE
FTA'S FEE, THE ADDITIONAL FEE AND THE SERVICING FEE
ATTRIBUTABLE TO THE UNGUARANTEED INTEREST 1,101,289.84
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST PAYMENT 327.72
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 SBA LOAN 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 509,940.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (41,062.07)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 468,878.53
4.98743277
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 16,778.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (1,351.01)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 15,427.69
5.34199792
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 27,396.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (2,206.15)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 25,189.85
6.01297799
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 264,171.34
(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 0.00
(vi) AMOUNT RELEASED FROM PRE-FUNDING ACCOUNT 0.00
(vii) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 264,171.34
2.80997468
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 8,123.98
(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 M PRINCIPAL DISTRIBUTION AMOUNT 8,123.98
2.81301247
</TABLE>
Page 2 of 7 Series 1999-1
<PAGE>
<TABLE>
<S> <C> <C>
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) UNGUARANTEED PERCENTAGE OF PAYMENTS
AND OTHER RECOVERIES OF PRINCIPAL 11,759.88
(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 11,759.88
2.80715842
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 4,539,950.63
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT
TO CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) AMOUNT OF LETTER OF CREDIT PAYMENTS 0.00
(D) AMOUNT OF PAYMENTS WITH RESPECT TO
ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 83,561,657.52
888.84033443
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 2,566,623.86
888.72017313
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 3,724,038.19
888.95168750
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 89,852,319.57
888.84151615
13. (A) EXCESS SPREAD 180,186.65
(B) EXTRA INTEREST 273,639.00
(C) SPREAD ACCOUNT BALANCE 4,539,950.63
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 5,011,906.97
14. (A) WEIGHTED AVERAGE MATURITY 211.968
(B) WEIGHTED AVERAGE SBA LOAN INTEREST RATE 11.357%
</TABLE>
Page 3 of 7
<PAGE>
15. (A) SERVICING FEE FOR THE RELATED DUE PERIOD 97,927.19
(B) PREMIUM PROTECTION FEE FOR THE RELATED DUE PERIOD 95,918.68
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,506.82
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 84,520.43
17. (A) CLASS A REMITTANCE RATE 7.300%
(B) CLASS M REMITTANCE RATE 7.820%
(C) CLASS B REMITTANCE RATE 8.800%
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) LETTER OF CREDIT AVAILABLE AMOUNT 8,355,542.01
(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE
OF POOL PRINCIPAL BALANCE AFTER DISTRIBUTION 9.30%
(C) AMOUNT ON DEPOSIT IN SPREAD ACCOUNT AFTER ALL
REQUIRED TRANSFERS ON SUCH REMITTANCE DATE 4,956,433.08
(D) SPREAD ACCOUNT EXCESS DISTRIBUTED TO SPREAD
ACCOUNT DEPOSITOR PURSUANT TO SECTION 6.02(b) (iii) 0.00
<TABLE>
<S> <C>
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, 1999 pertaining to Series 1999 - 1 in preparing the accompanying
Servicer's Certificate.
</TABLE>
THE MONEY STORE INVESTMENT CORPORATION
BY: _________________________________
STEPHANIE CALLAHAN
ASSISTANT VICE PRESIDENT
Series 1999-1
Page 4 OF 7
<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>
SERIES 1999-1 1 TO 29 13 3,386,621.89 1.206% 842,232.18 0.937%
30 TO 59 5 1,918,228.29 0.683% 479,557.11 0.534%
60 TO 89 2 825,209.48 0.294% 206,302.36 0.230%
90 TO 179 5 1,813,580.50 0.646% 453,395.13 0.505%
180 TO 719 20 10,335,179.22 3.679% 3,329,054.82 3.705%
720 AND OVER 0 0.00 0.000% 0.00 0.000%
FORECLOSURE 0 0.00 0.000% 0.00 0.000%
REO PROPERTY 0 0.00 0.000% 0.00 0.000%
--- --------------- ----- -------------- -----
DELINQUENCY TOTALS 45 $ 18,278,819.38 6.508% $ 5,310,541.60 5.911%
=== =============== ===== ============== ======
OUTSTANDING 618 $280,922,329.38 $89,852,319.57
=== =============== ==============
FORECLOSURE/REO
180 - 719 0 0.00 0.00
</TABLE>
Page 5 of 7
<PAGE>
SERIES 1999-1
<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 M CLASS B POOL
--------- ------- ------- ------- ----
<S> <C> <C> <C> <C>
(ii) 892 892 892 892
(iii) - - - 1
(iv) - - - 0
(v) - - - 2
(x)(a, b & c) (i) 5 6 7 5
(ii) 0 0 0 0
(iii) 0 0 (1) 0
total 5 5 6 5
(d, e & f) (i) 3 3 3 3
(ii) 0 0 0 0
(iii) 0 0 0 0
(iv) 0 0 0 0
(v) 0 0 0 0
(vi) 0 0 0 0
(vii) 0 0 0 0
total 3 3 3 3
(xii) 889 889 889 889
</TABLE>
Page 6 of 7 Series 1999-1
<PAGE>
THE MONEY STORE INVESTMENT CORPORATION
TMS SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES
SERIES 1999-1, CLASS A, M & 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
