SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) January 15, 1997
----------------
UCFC ACCEPTANCE CORPORATION
- -----------------------------------------------------------------
(Exact name of registrant as specified in its Charter)
Louisiana 333-07081 72-1235336
--------- --------- ----------
(State or other (Commission (IRS Employer
jurisdiction File Number) ID Number)
of incorporation)
4041 Essen Lane, Baton Rouge, Louisiana 70809
----------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(Registrant's Telephone Number, (504)924-6007
- ------------------------------- -------------
including area code)
N/A
- ---------------------------------------------------------------
(Former name or former address, if changed since last report)
PAGE 1
<PAGE>
Item 5. Other Events.
- -----------------------
UCFC Acceptance Corporation (the "Company") from time to
time acts as depositor into and sponsor of trusts (each, a
"Trust"), the purpose of which is to issue one or more series of
Home Equity Loan Pass-Through Certificates (the "Certificates"),
to be issued in series (each a "Series").
The assets of each Trust will consist primarily of one or
more pools of mortgage loans and certain other mortgage-related
assets which may include fixed-or adjustable-rate home equity
loans, or participations or other beneficial interests in such
home equity loans secured primarily by first or second liens on
one- to four-family residential properties ("Home Equity Loans").
Each Series of Certificates will represent interests in the
related Trust and are not obligations of the Company. Holders of
Certificates will not have any recourse to the assets of the
Company except to the limited extent provided under the pooling
and servicing agreement related to each Series of Certificates
(each, a "Pooling Agreement"). Pursuant to the Pooling Agreement
for each Series of Certificates, United Companies Lending
Corporation (the "Servicer") will service the related Home
Equity Loans on behalf of the applicable Trust.
On each Distribution Date for a Series of Certificates, the
related Trustee will forward with each distribution to each
holder of record of Certificates of such Series a statement (the
"Monthly Statement") setting forth information required under the
related Pooling Agreement.
Pursuant to a request for No-Action granted by the
Securities and Exchange Commission on November 12, 1993, the
Servicer is filing this report on Form 8-K on behalf of the
Company.
PAGE 2
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
- -----------------------------------------------------------------
(c) Exhibits
--------
Exhibit No.
-----------
20.1 UCFC Loan Trust Series 1996-A1, Remics I and II and Series
1996-A2, Remic III, Monthly Report to Certificateholders for
the Distribution Date in January, 1997. Pages 6-8.
20.2 UCFC Loan Trust Series 1996-A, Reserve Fund Trust
Statement to Certificateholders for the Distribution
Date in January, 1997. Page 9.
20.3 UCFC Loan Trust Series 1996-A, Statement to
Certificateholders for the Distribution Date in
January, 1997. Pages 10-11.
20.4 UCFC Loan Trust Series 1996-A, Statement To Certificate
Insurer for the Distribution Date in January, 1997.
Page 12.
20.5 UCFC Loan Trust Series 1996-B1, Remics I and II and Series
1996-B2, Remic III, Monthly Report to Certificateholders for
the Distribution Date in January, 1997. Pages 13-15.
20.6 UCFC Loan Trust Series 1996-B1, Reserve Fund Trust
Statement to Certificateholders for the Distribution
Date in January, 1997. Page 16.
20.7 UCFC Loan Trust Series 1996-B1, Statement to
Certificateholders for the Distribution Date in
January, 1997. Pages 17-19.
20.8 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Remics I and II, and Series 1996-C2,
Remic III, Monthly Report to Certificateholders
for the Distribution Date in January, 1997.
Pages 20-22.
20.9 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Reserve Fund Trust Statement to
Certificateholders for the Distribution Date in
January, 1997. Page 23.
20.10 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Statement to Certificateholders for the
Distribution Date in January, 1997. Pages 24-26.
20.11 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1, Remics I
and II and Series 1996-D2, Remic III, Monthly Report
to Certificateholders for the Distribution Date in
January, 1997. Pages 27-29.
20.12 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and 1996-D2,
Reserve Fund Trust, Statement to Certificateholders for
the Distribution Date in January, 1997. Page 30.
20.13 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and 1996-D2,
Statement to Certificateholders for the Distribution
Date in January, 1997. Pages 31-33.
PAGE 3
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
UNITED COMPANIES LENDING CORPORATION , as
Servicer
By: /s/ Sherry E. Anderson
-----------------------
Sherry E. Anderson
Secretary
Dated: February 6, 1997
PAGE 4
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
------- -----------
20.1 UCFC Loan Trust Series 1996-A1, Remics I and II and Series
1996-A2, Remic III, Monthly Report to Certificateholders
for the Distribution Date in January, 1997. Pages 6-8.
20.2 UCFC Loan Trust Series 1996-A, Reserve Fund Trust
Statement to Certificateholders for the Distribution
Date in January, 1997. Page 9.
20.3 UCFC Loan Trust Series 1996-A, Statement to
Certificateholders for the Distribution Date in
January, 1997. Pages 10-11.
20.4 UCFC Loan Trust Series 1996-A, Statement To Certificate
Insurer for the Distribution Date in January, 1997.
Page 12.
20.5 UCFC Loan Trust Series 1996-B1, Remics I and II and Series
1996-B2, Remic III, Monthly Report to Certificateholders
for the Distribution Date in January, 1997. Pages 13-15.
20.6 UCFC Loan Trust Series 1996-B1, Reserve Fund Trust
Statement to Certificateholders for the Distribution
Date in January, 1997. Page 16.
20.7 UCFC Loan Trust Series 1996-B1, Statement to
Certificateholders for the Distribution Date in
January, 1997. Pages 17-19.
20.8 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Remics I and II, and Series 1996-C2,
Remic III, Monthly Report to Certificateholders
for the Distribution Date in January, 1997.
Pages 20-22.
20.9 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Reserve Fund Trust Statement to
Certificateholders for the Distribution Date in
January, 1997. Page 23.
20.10 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Statement to Certificateholders for the
Distribution Date in January, 1997. Pages 24-26.
20.11 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1, Remics I and
II and Series 1996-D2, Remic III, Monthly Report to
Certificateholders for the Distribution Date in
January, 1997. Pages 27-29.
20.12 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and 1996-D2,
Reserve Fund Trust, Statement to Certificateholders for
the Distribution Date in January, 1997. Page 30.
20.13 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and 1996-D2,
Statement to Certificateholders for the Distribution Date
in January, 1997. Pages 31-33.
PAGE 5
UCFC EXHIBIT 20.1
UCFC Loan Trust
Series 1996-A1
REMIC I
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-1L 49,752,000.00 13,674,663.76 99,877.66 5,038,739.68 5,138,617.34 0.00 0.00 8,635,924.08
A-2L 31,412,000.00 31,412,000.00 269,962.07 0.00 269,962.07 0.00 0.00 31,412,000.00
A-3L 86,332,000.00 86,332,000.00 756,346.06 0.00 756,346.06 0.00 0.00 86,332,000.00
A-4L 27,625,000.00 27,625,000.00 244,897.48 0.00 244,897.48 0.00 0.00 27,625,000.00
A-5L 40,326,000.00 40,326,000.00 364,213.70 0.00 364,213.70 0.00 0.00 40,326,000.00
A-6L 39,704,000.00 39,704,000.00 365,213.30 0.00 365,213.30 0.00 0.00 39,704,000.00
A-7L 25,418,000.00 25,418,000.00 242,807.16 0.00 242,807.16 0.00 0.00 25,418,000.00
A-8L 24,431,000.00 24,431,000.00 239,282.93 0.00 239,282.93 0.00 0.00 24,431,000.00
R-I* 0.00 0.00 123.70 0.00 123.70 0.00 0.00 0.00
*Note: The Class R-1 represents the beneficial ownership of the R-I and R-II
Interests.
- ---------------------------------------------------------------------------------------------------------------------
TOTALS: 325,000,000.00 288,922,663.76 2,582,724.06 5,038,739.68 7,621,463.74 0.00 0.00 283,883,924.08
=====================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----- ------------ -------- ----------- ---------- ---------- -------- ---------
A-1L 274.856564 2.007510 101.277128 103.284639 173.579436 8.340922% 8.340922%
A-2L 1,000.000000 8.594234 0.000000 8.594234 1,000.000000 8.340922% 8.340922%
A-3L 1,000.000000 8.760900 0.000000 8.760900 1,000.000000 8.340922% 8.340922%
A-4L 1,000.000000 8.865067 0.000000 8.865067 1,000.000000 8.340922% 8.340922%
A-5L 1,000.000000 9.031734 0.000000 9.031734 1,000.000000 8.340922% 8.340922%
A-6L 1,000.000000 9.198401 0.000000 9.198401 1,000.000000 8.340922% 8.340922%
A-7L 1,000.000000 9.552567 0.000000 9.552567 1,000.000000 8.340922% 8.340922%
A-8L 1,000.000000 9.794234 0.000000 9.794234 1,000.000000 8.340922% 8.340922%
R-I* 0.000000 0.000381 0.000000 0.000381 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 6
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-A1
REMIC II
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-1 49,752,000.00 13,674,663.76 68,658.21 5,038,739.68 5,107,397.89 0.00 0.00 8,635,924.08
A-2 31,412,000.00 31,412,000.00 156,405.58 0.00 156,405.58 0.00 0.00 31,412,000.00
A-3 86,332,000.00 86,332,000.00 444,250.08 0.00 444,250.08 0.00 0.00 86,332,000.00
A-4 27,625,000.00 27,625,000.00 145,031.25 0.00 145,031.25 0.00 0.00 27,625,000.00
A-5 40,326,000.00 40,326,000.00 218,432.50 0.00 218,432.50 0.00 0.00 40,326,000.00
A-6 39,704,000.00 39,704,000.00 221,680.67 0.00 221,680.67 0.00 0.00 39,704,000.00
A-7 25,418,000.00 25,418,000.00 150,919.38 0.00 150,919.38 0.00 0.00 25,418,000.00
A-8 24,431,000.00 24,431,000.00 150,963.22 0.00 150,963.22 0.00 0.00 24,431,000.00
EI-1 0.00 0.00 31,219.45 0.00 31,219.45 0.00 0.00 0.00
EI-2 0.00 0.00 113,556.49 0.00 113,556.49 0.00 0.00 0.00
EI-3 0.00 0.00 312,095.98 0.00 312,095.98 0.00 0.00 0.00
EI-4 0.00 0.00 99,866.23 0.00 99,866.23 0.00 0.00 0.00
EI-5 0.00 0.00 145,781.20 0.00 145,781.20 0.00 0.00 0.00
EI-6 0.00 0.00 143,532.63 0.00 143,532.63 0.00 0.00 0.00
EI-7 0.00 0.00 91,887.78 0.00 91,887.78 0.00 0.00 0.00
EI-8 0.00 0.00 88,319.71 0.00 88,319.71 0.00 0.00 0.00
R-II* 0.00 0.00 123.70 0.00 123.70 0.00 0.00 0.00
R-1* 0.00 0.00 123.70 0.00 123.70 0.00 0.00 0.00
*Note: The Class R-1 represents the beneficial ownership of the R-I and R-II
Interests.
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 325,000,000.00 288,922,663.76 2,582,847.76 5,038,739.68 7,621,587.44 0.00 0.00 283,883,924.08
=======================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- ---------- ---------- ---------- -------- ---------
A-1 90263BCU0 274.856564 1.380009 101.277128 102.657137 173.579436 6.025000% 6.025000%
A-2 90263BCV8 1,000.000000 4.979167 0.000000 4.979167 1,000.000000 5.975000% 5.975000%
A-3 90263BCW6 1,000.000000 5.145833 0.000000 5.145833 1,000.000000 6.175000% 6.175000%
A-4 90263BCX4 1,000.000000 5.250000 0.000000 5.250000 1,000.000000 6.300000% 6.300000%
A-5 90263BCY2 1,000.000000 5.416667 0.000000 5.416667 1,000.000000 6.500000% 6.500000%
A-6 90263BCZ9 1,000.000000 5.583333 0.000000 5.583333 1,000.000000 6.700000% 6.700000%
A-7 90263BDA3 1,000.000000 5.937500 0.000000 5.937500 1,000.000000 7.125000% 7.125000%
A-8 90263BDB1 1,000.000000 6.179167 0.000000 6.179167 1,000.000000 7.415000% 7.415000%
EI-1 0.000000 0.096060 0.000000 0.096060 0.000000 4.436797% 4.425513%
EI-2 0.000000 0.349405 0.000000 0.349405 0.000000 4.436797% 4.425513%
EI-3 0.000000 0.960295 0.000000 0.960295 0.000000 4.436797% 4.425513%
EI-4 0.000000 0.307281 0.000000 0.307281 0.000000 4.436797% 4.425513%
EI-5 0.000000 0.448558 0.000000 0.448558 0.000000 4.436797% 4.425513%
EI-6 0.000000 0.441639 0.000000 0.441639 0.000000 4.436797% 4.425513%
EI-7 0.000000 0.282732 0.000000 0.282732 0.000000 4.436797% 4.425513%
EI-8 0.000000 0.271753 0.000000 0.271753 0.000000 4.436797% 4.425513%
R-II* 0.000000 0.000381 0.000000 0.000381 0.000000 0.000000% 0.000000%
R-1* 0.000000 0.000381 0.000000 0.000381 0.000000 0.000000% 0.000000%
- ----------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 7 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-A2
REMIC III
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-9 100,000,000.00 89,358,539.43 465,340.80 2,780,314.88 3,245,655.68 0.00 0.00 86,578,224.55
R-2 0.00 0.00 21.08 0.00 21.08 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
TOTALS 100,000,000.00 89,358,539.43 465,361.88 2,708,314.88 3,245,676.76 0.00 0.00 86,578,224.55
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- ---------- ---------- ---------- -------- ---------
A-9 90263BDC9 893.585394 4.653408 27.803149 32.456557 865.782246 6.047500% 5.860000%
R-2 0.000000 0.000211 0.000000 0.000211 0.000000 0.000000% 0.000000%
- ---------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 8
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC EXHIBIT 20.2
UCFC Loan Trust
Series 1996-A
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ---------
A 0.00 0.00 23,436.66 0.00 23,436.66 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 23,436.66 0.00 23,436.66 0.00 0.00 0.00
==============================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ------ --------- ------- --------
A 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
B 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 9
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC EXHIBIT 20.3
UCFC Loan Trust
Series 1996-A
Statement To Certificateholders
Distribution Date: January 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 283,906,470.27
TOTAL PRINCIPAL: 5,038,739.68
PREPAYMENTS: 4,520,160.10
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,587,463.75
LOAN GROUP 2 PRINCIPAL BALANCE: 86,578,249.55
TOTAL PRINCIPAL: 2,780,314.88
PREPAYMENTS: 2,720,257.70
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 457,247.94
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
CLASS A-9 CARRY-FORWARD AMOUNT: 0.00
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 25,977,286.28
INSURED PAYMENT GROUP 1: 0.00
INSURED PAYMENT GROUP 2: 0.00
SERVICING FEES DUE GROUP 1: 120,393.84
SERVICING FEES DUE GROUP 2: 38,473.83
GUARANTEE FEES DUE GROUP 1: 0.00
GUARANTEE FEES DUE GROUP 2: 0.00
Page 10
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-A
Statement To Certificateholders
Distribution Date: January 15, 1997
NET REALIZED LOSSES GROUP 1: 23,436.66
NET REALIZED LOSSES GROUP 2: 0.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS: 0.00
SUBORDINATED AMOUNT: 68,000,000.00
<TABLE>
- -----------------------------------------------------------------------------------
<CAPTION>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 12,109,330.26 5,055,904.39 13,809,167.84 0.00
NUMBER OF LOANS 301 113 282 0
PRINCIPAL BALANCE - GROUP 2 4,758,834.42 1,856,736.27 3,936,143.24 0.00
NUMBER OF LOANS 60 31 52 0
AGGREGATE PRINCIPAL BALANCE 16,868,164.68 6,912,640.66 17,745,311.08 0.00
AGGREGATE NUMBER OF LOANS 361 144 344 0
Note: Quantity and Principal Balance of Foreclosures are Included in
the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 87
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 3,792,769.15
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 14
PRINCIPAL BALANCE OF
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 1,163,284.43
REO LOANS - GROUP 1: 8
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 292,679.70
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 11
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC EXHIBIT 20.4
UCFC Loan Trust
Series 1996-A
Statement To Certificate Insurer
Distribution Date: January 15, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-9 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-9 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
CLASS A-9 CARRY-FORWARD AMOUNT: 0.00
Page 12
(c) COPYRIGHT 1997 Bankers Trust Company
UCFC EXHIBIT 20.5
UCFC Loan Trust
Series 1996-B1
REMIC I
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ----------- --------- ------------- -------- -------- --------------
1 125,700,000.00 104,921,707.89 962,179.73 5,688,039.29 6,650,219.02 0.00 0.00 99,233,668.60
2 77,899,000.00 77,899,000.00 714,369.22 0.00 714,369.22 0.00 0.00 77,899,000.00
3 47,752,000.00 47,752,000.00 437,907.53 0.00 437,907.53 0.00 0.00 47,752,000.00
4 44,427,000.00 44,427,000.00 407,415.77 0.00 407,415.77 0.00 0.00 44,427,000.00
5 39,714,000.00 39,714,000.00 364,195.42 0.00 364,195.42 0.00 0.00 39,714,000.00
6 34,090,000.00 34,090,000.00 312,620.79 0.00 312,620.79 0.00 0.00 34,090,000.00
7 30,418,000.00 30,418,000.00 279,078.53 0.00 279,078.53 0.00 0.00 30,418,000.00
8 250,000,000.00 237,186,555.56 1,791,945.77 4,254,957.94 6,046,903.71 0.00 0.00 232,931,597.62
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------
TOTALS 650,000,000.00 616,408,263.45 5,269,712.76 9,942,997.23 15,212,709.99 0.00 0.00 606,465,266.22
===================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- --------- --------- ------- ---------
1 834.699347 7.654572 45.250909 52.905481 789.448438 8.909368% 8.908351%
2 1,000.000000 9.170454 9.170000 9.170454 1,000.000000 8.909368% 8.908351%
3 1,000.000000 9.170454 0.000000 9.170454 1,000.000000 8.909368% 8.908351%
4 1,000.000000 9.170454 0.000000 9.170454 1,000.000000 8.909368% 8.908351%
5 1,000.000000 9.170454 0.000000 9.170454 1,000.000000 8.909368% 8.908351%
6 1,000.000000 9.170454 0.000000 9.170454 1,000.000000 8.909368% 8.908351%
7 1,000.000000 9.174782 0.000000 9.174782 1,000.000000 8.909368% 8.908351%
8 948.746222 7.167783 17.019832 24.187615 931.726390 9.066007% 9.142374%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
- --------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 13
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B1
REMIC II
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- --------------
A-1 125,700,000.00 104,921,707.89 518,152.94 5,688,039.29 6,206,192.23 0.00 0.00 99,233,668.60
A-2 77,899,000.00 77,899,000.00 459,279.52 0.00 459,279.52 0.00 0.00 77,899,000.00
A-3 47,752,000.00 47,752,000.00 290,491.33 0.00 290,491.33 0.00 0.00 47,752,000.00
A-4 44,427,000.00 44,427,000.00 278,594.31 0.00 278,594.31 0.00 0.00 44,427,000.00
A-5 39,714,000.00 39,714,000.00 253,176.75 0.00 253,176.75 0.00 0.00 39,714,000.00
A-6 34,090,000.00 34,090,000.00 226,556.46 0.00 226,556.46 0.00 0.00 34,090,000.00
A-7 30,418,000.00 30,418,000.00 207,856.33 0.00 207,856.33 0.00 0.00 30,418,000.00
EI-1 0.00 0.00 444,026.79 0.00 444,026.79 0.00 0.00 0.00
EI-2 0.00 0.00 255,089.70 0.00 255,089.70 0.00 0.00 0.00
EI-3 0.00 0.00 147,416.20 0.00 147,416.20 0.00 0.00 0.00
EI-4 0.00 0.00 128,821.46 0.00 128,821.46 0.00 0.00 0.00
EI-5 0.00 0.00 111,018.67 0.00 111,018.67 0.00 0.00 0.00
EI-6 0.00 0.00 86,064.33 0.00 86,064.33 0.00 0.00 0.00
EI-7 0.00 0.00 71,222.20 0.00 71,222.20 0.00 0.00 0.00
R-1 0.00 0.00 236.50 0.00 236.50 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS 400,000,000.00 379,221,707.89 3,478,003.49 5,688,039.29 9,166,042.78 0.00 0.00 373,533,668.60
=====================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- ---------
A-1 90263BDD7 834.699347 4.122140 45.250909 49.373049 789.448438 5.735000% 5.610000%
A-2 90263BDE5 1,000.000000 5.895833 0.000000 5.895833 1,000.000000 7.075000% 7.075000%
A-3 90263BDF2 1,000.000000 6.083333 0.000000 6.083333 1,000.000000 7.300000% 7.300000%
A-4 90263BDG0 1,000.000000 6.270833 0.000000 6.270833 1,000.000000 7.525000% 7.525000%
A-5 90263BDH8 1,000.000000 6.375000 0.000000 6.375000 1,000.000000 7.650000% 7.650000%
A-6 90263BDJ4 1,000.000000 6.645833 0.000000 6.645833 1,000.000000 7.975000% 7.975000%
A-7 90263BDK1 1,000.000000 6.833333 0.000000 6.833333 1,000.000000 8.200000% 8.200000%
EI-1 0.000000 1.110067 0.000000 1.110067 0.000000 5.078379% 5.390159%
EI-2 0.000000 0.637724 0.000000 0.637724 0.000000 3.929545% 3.925159%
EI-3 0.000000 0.368541 0.000000 0.368541 0.000000 3.704545% 3.700159%
EI-4 0.000000 0.322054 0.000000 0.322054 0.000000 3.479545% 3.475159%
EI-5 0.000000 0.277547 0.000000 0.277547 0.000000 3.354545% 3.350159%
EI-6 0.000000 0.215161 0.000000 0.215161 0.000000 3.029545% 3.025159%
EI-7 0.000000 0.178056 0.000000 0.178056 0.000000 2.804545% 2.800159%
R-1 0.000000 0.000591 0.000000 0.000591 0.000000 NA NA
- -------------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 14
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B2
REMIC III
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- ------------
A-8 250,000,000.00 237,186,555.56 1,216,272.89 4,254,957.94 5,471,230.83 0.00 0.00 232,931,597.62
R-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------
TOTALS 250,000,000.00 237,186,555.56 1,216,272.89 4,254,957.94 5,471,230.83 0.00 0.00 232,931,597.62
==================================================================================================================
</TABLE>
<TABLE>
- ----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- ---------
A-8 90263BDL9 948.746222 4.865092 17.019832 21.884923 931.726390 5.955000% 5.830000%
R-2 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ----------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 15
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC EXHIBIT 20.6
UCFC Loan Trust
Series 1996-B1
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ---------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------
TOTALS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
==========================================================================================
</TABLE>
<TABLE>
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- -------- -------- --------- ----- --------- ------- ------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- -----------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800) 735-7777
Page 16
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
EXHIBIT 20.7
UCFC
UCFC Loan Trust
Series 1996-B1
Statement To Certificateholders
Distribution Date: January 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 373,573,812.90
TOTAL PRINCIPAL: 5,688,039.29
PREPAYMENTS: 5,040,312.19
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 3,514,744.48
LOAN GROUP 2 PRINCIPAL BALANCE: 232,931,597.62
TOTAL PRINCIPAL: 4,254,957.94
PREPAYMENTS: 4,066,945.54
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,814,923.22
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
CLASS A-9 CARRY-FORWARD AMOUNT: 0.00
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 44,483,787.23
INSURED PAYMENT GROUP 1: 0.00
INSURED PAYMENT GROUP 2: 0.00
SERVICING FEES DUE GROUP 1: 158,025.78
SERVICING FEES DUE GROUP 2: 98,827.73
GUARANTEE FEES DUE GROUP 1: 662,250.87
GUARANTEE FEES DUE GROUP 2: 138,161.49
Page 17
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B1
Statement To Certificateholders
Distribution Date: January 15, 1997
NET REALIZED LOSSES GROUP 1: 0.00
NET REALIZED LOSSES GROUP 2: 0.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS: 0.00
SUBORDINATED AMOUNT: 97,500,000.00
<TABLE>
- -----------------------------------------------------------------------------------
<CAPTION>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 16,158,986.65 6,139,686.45 9,887,098.66 0.00
NUMBER OF LOANS 334 136 210 0
PRINCIPAL BALANCE - GROUP 2 5,511,998.80 4,645,593.84 2,929,664.25 0.00
NUMBER OF LOANS 81 42 38 0
AGGREGATE PRINCIPAL BALANCE 21,670,985.45 10,785,280.29 12,816,762.91 0.00
AGGREGATE NUMBER OF LOANS 415 178 248 0
- --------------------------------------------------------------------------------------
</TABLE>
Note: Quantity and Principal Balance of Foreclosures are Included
in the Delinquency Figures.
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 64
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 2,398,029.91
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 21
PRINCIPAL BALANCE OF
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 1,611,361.51
REO LOANS - GROUP 1: 1
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 65,600.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
Class A-1 LIBOR RATE 5.735000%
CLASS A-8 LIBOR RATE 5.955000%
LIBOR INTEREST CARRYOVER PAID 0.00
LIBOR INTEREST CARRYOVER REMAINING 0.00
BOOK VALUE OF REO PROPERTY: 0.00
REO PROCEEDS: 4,721,272.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 18
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B1
Statement To Certificateholders
Distribution Date: January 15, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
Page 19
(c) COPYRIGHT 1997 Bankers Trust Company
EXHIBIT 20.8
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
REMIC I
Statement To Certificateholders
<TABLE>
- -------------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- ----------------
1 95,000,000.00 89,553,263.49 847,154.48 2,622,471.85 3,469,626.33 0.00 0.00 86,930,791.64
2 46,209,000.00 46,209,000.00 437,127.13 0.00 437,127.13 0.00 0.00 46,209,000.00
3 57,161,000.00 57,161,000.00 540,730.68 0.00 540,730.68 0.00 0.00 57,161,000.00
4 57,269,000.00 57,269,000.00 541,752.34 0.00 541,752.34 0.00 0.00 57,269,000.00
5 24,060,000.00 24,060,000.00 227,602.39 0.00 227,602.39 0.00 0.00 24,060,000.00
6 20,301,000.00 20,301,000.00 192,043.07 0.00 192,043.07 0.00 0.00 20,301,000.00
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 294,553,263.49 2,786,410.09 2,622,471.85 5,408,881.94 0.00 0.00 291,930,791.64
========================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
----- ----- ------------ -------- --------- --------- --------- ------- ---------
1 942.665931 8.917416 27.604967 36.522382 915.060965 8.546070% 8.544491%
2 1,000.000000 9.459783 0.000000 9.459783 1,000.000000 8.546070% 8.544491%
3 1,000.000000 9.459783 0.000000 9.459783 1,000.000000 8.546070% 8.544491%
4 1,000.000000 9.459783 0.000000 9.459783 1,000.000000 8.546070% 8.544491%
5 1,000.000000 9.459783 0.000000 9.459783 1,000.000000 8.546070% 8.544491%
6 1,000.000000 9.459784 0.000000 9.459784 1,000.000000 8.546070% 8.544491%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
----------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800)735-7777
Page 20
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
REMIC II
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
----- ---------- -------------- ------------ ------------ ------------ -------- -------- --------------
A-1 95,000,000.00 89,553,263.49 442,256.30 2,622,471.85 3,064,728.15 0.00 0.00 86,930,791.64
A-2 46,209,000.00 46,209,000.00 266,664.44 0.00 266,664.44 0.00 0.00 46,209,000.00
A-3 57,161,000.00 57,161,000.00 340,584.29 0.00 340,584.29 0.00 0.00 57,161,000.00
A-4 57,269,000.00 57,269,000.00 356,738.15 0.00 356,738.15 0.00 0.00 57,269,000.00
A-5 24,060,000.00 24,060,000.00 156,390.00 0.00 156,390.00 0.00 0.00 24,060,000.00
A-6 20,301,000.00 20,301,000.00 132,379.44 0.00 132,379.44 0.00 0.00 20,301,000.00
EI-1 0.00 0.00 404,898.18 0.00 404,898.18 0.00 0.00 0.00
EI-2 0.00 0.00 170,462.69 0.00 170,462.69 0.00 0.00 0.00
EI-3 0.00 0.00 200,146.39 0.00 200,146.39 0.00 0.00 0.00
EI-4 0.00 0.00 185,014.19 0.00 185,014.19 0.00 0.00 0.00
EI-5 0.00 0.00 71,212.39 0.00 71,212.39 0.00 0.00 0.00
EI-6 0.00 0.00 59,663.63 0.00 59,663.63 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 319.62 0.00 319.62 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 294,553,263.49 2,786,729.71 2,622,471.85 5,409,201.56 0.00 0.00 291,930,791.64
==================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
----- ----- ------------ -------- --------- --------- ------------ --------- ---------
A-1 90263BDM7 942.665931 4.655329 27.604967 32.260296 915.060965 5.735000% 5.610000%
A-2 90263BDN5 1,000.000000 5.770833 0.000000 5.770833 1,000.000000 6.925000% 6.925000%
A-3 90263BDP0 1,000.000000 5.958333 0.000000 5.958333 1,000.000000 7.150000% 7.150000%
A-4 90263BDQ8 1,000.000000 6.229167 0.000000 6.229167 1,000.000000 7.475000% 7.475000%
A-5 90263BDR6 1,000.000000 6.500000 0.000000 6.500000 1,000.000000 7.800000% 7.800000%
A-6 90263BDS4 1,000.000000 6.520833 0.000000 6.520833 1,000.000000 7.825000% 7.825000%
EI-1 0.000000 1.349661 0.000000 1.349661 0.000000 5.425574% 2.934491%
EI-2 0.000000 0.568209 0.000000 0.568209 0.000000 4.426740% 1.619491%
EI-3 0.000000 0.667155 0.000000 0.667155 0.000000 4.201740% 1.394491%
EI-4 0.000000 0.616714 0.000000 0.616714 0.000000 3.876740% 1.069491%
EI-5 0.000000 0.237375 0.000000 0.237375 0.000000 3.551740% 0.744491%
EI-6 0.000000 0.198879 0.000000 0.198879 0.000000 3.526740% 0.719491%
RII 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R-1 0.000000 0.001065 0.000000 0.001065 0.000000 0.000000% 0.000000%
--------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800)735-7777
Page 21
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C2
REMIC III
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- --------------
A-7 200,000,000.00 196,006,204.64 1,000,039.99 2,360,165.67 3,360,205.66 0.00 0.00 193,646,038.97
R-2 0.00 0.00 287.64 0.00 287.64 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTAL 200,000,000.00 196,006,204.64 1,000,327.63 2,360,165.67 3,360,493.30 0.00 0.00 193,646,038.97
=======================================================================================================================
</TABLE>
<TABLE>
- -------------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ----- ---------- -------- ---------
A-7 90263BDT2 980.031023 5.000200 11.800828 16.801028 968.230195 5.925000% 5.800000%
R-2 0.000000 0.001438 0.000000 0.001438 0.000000 0.000000% 0.000000%
- --------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800)735-7777
Page 22
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
EXHIBIT 20.9
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ---------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------
TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
=======================================================================================
</TABLE>
<TABLE>
- ----------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- -------- -------- ------- ------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
- -----------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: December 31, 1996 FACTOR INFORMATION:
DISTRIBUTION DATE: January 15, 1997 (800)735-7777
Page 23
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
EXHIBIT 20.10
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Statement To Certificateholders
Distribution Date: January 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 291,930,791.94
TOTAL PRINCIPAL: 2,622,471.85
PREPAYMENTS: 2,164,716.36
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,945,039.29
LOAN GROUP 2 PRINCIPAL BALANCE: 193,646,039.14
TOTAL PRINCIPAL: 2,360,165.67
PREPAYMENTS: 2,197,330.76
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,656,298.74
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 15,615,883.72
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 31,250,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT
AS OF THE CURRENT PAYMENT DATE: 85,000,000.00
GROUP 1 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
SERVICING FEES DUE GROUP 1: 122,730.52
SERVICING FEES DUE GROUP 2: 81,669.25
GUARANTEE FEES DUE GROUP 1: 688,916.18
GUARANTEE FEES DUE GROUP 2: 275,350.63
Page 24
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Statement To Certificateholders
Distribution Date: January 15, 1997
GROUP 1 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
GROUP 2 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.7350%
CLASS A-7 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.9250%
<TABLE>
<S> <C> <C> <C> <C>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- ----------------------------------------------------------------------------------
PRINCIPAL BALANCE-GROUP 1 7,869,932.17 2,452,795.93 1,097,390.31 0.00
NUMBER OF LOANS 148 57 21 0
PRINCIPAL BALANCE-GROUP 2 5,003,667.39 2,162,933.94 390,946.85 0.00
NUMBER OF LOANS 71 30 8 0
AGGREGATE PRINCIPAL BALANCE 12,873,599.56 4,615,729.87 1,488,337.16 0.00
AGGREGATE NUMBER OF LOANS 219 87 29 0
</TABLE>
Note: Quantity and Principal Balance of Foreclosures and
Bankruptcies are Included in the Delinquency Figures.
- ------------------------------------------------------------------------------
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 10
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 419,496.46
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 7
PRINCIPAL BALANCE OF
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 425,768.90
REO LOANS - GROUP 1: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 0.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY, IF AVAILABLE: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS, IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS, IF ANY)
Page 25
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Statement To Certificateholders
Distribution Date: January 15, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
Page 26
(c) COPYRIGHT 1997 Bankers Trust Company
UCFC EXHIBIT 20.11
UCFC Loan Trust
Series 1996-D1
REMIC I
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ------------- -------------- ------------ --------- ------------ -------- -------- --------------
1 98,900,000.00 98,900,000.00 785,621.80 452,716.50 1,238,338.30 0.00 0.00 98,447,283.50
2 55,700,000.00 55,700,000.00 457,563.23 0.00 457,563.23 0.00 0.00 55,700,000.00
3 49,100,000.00 49,100,000.00 405,010.09 0.00 405,010.09 0.00 0.00 49,100,000.00
4 30,400,000.00 30,400,000.00 252,273.37 0.00 252,273.37 0.00 0.00 30,400,000.00
5 34,600,000.00 34,600,000.00 288,167.86 0.00 288,167.86 0.00 0.00 34,600,000.00
6 39,000,000.00 39,000,000.00 326,978.31 0.00 326,978.31 0.00 0.00 39,000,000.00
7 17,300,000.00 17,300,000.00 145,568.36 0.00 145,568.36 0.00 0.00 17,300,000.00
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------
TOTALS 325,000,000.00 325,000,000.00 2,661,183.02 452,716.50 3,113,899.52 0.00 0.00 324,547,283.50
===============================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- --------- --------- ------- ---------
1 1,000.000000 7.943598 4.577519 12.521115 995.422482 8.065155% 8.065745%
2 1,000.000000 8.214780 0.000000 8.214780 1,000.000000 8.065155% 8.065745%
3 1,000.000000 8.248678 0.000000 8.248678 1,000.000000 8.065155% 8.065745%
4 1,000.000000 8.298466 0.000000 8.298466 1,000.000000 8.065155% 8.065745%
5 1,000.000000 8.328551 0.000000 8.328551 1,000.000000 8.065155% 8.065745%
6 1,000.000000 8.384059 0.000000 8.384059 1,000.000000 8.065155% 8.065745%
7 1,000.000000 8.414356 0.000000 8.414356 1,000.000000 8.065155% 8.065745%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ---------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: December 31, 1996 (800) 735-7777
DISTRIBUTION DATE: January 15, 1997
Page 27
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1
REMIC II
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ------------- -------------- ------------ --------- ------------ -------- -------- --------------
A-1 98,900,000.00 98,900,000.00 420,409.07 452,716.50 873,125.57 0.00 0.00 98,447,283.50
A-2 55,700,000.00 55,700,000.00 296,184.75 0.00 296,184.75 0.00 0.00 55,700,000.00
A-3 49,100,000.00 49,100,000.00 267,635.92 0.00 267,635.92 0.00 0.00 49,100,000.00
A-4 30,400,000.00 30,400,000.00 171,658.67 0.00 171,658.67 0.00 0.00 30,400,000.00
A-5 34,600,000.00 34,600,000.00 199,469.00 0.00 199,469.00 0.00 0.00 34,600,000.00
A-6 39,000,000.00 39,000,000.00 233,350.00 0.00 233,350.00 0.00 0.00 39,000,000.00
A-7 17,300,000.00 17,300,000.00 105,573.25 0.00 105,573.25 0.00 0.00 17,300,000.00
EI-1 0.00 0.00 365,212.73 0.00 365,212.73 0.00 0.00 0.00
EI-2 0.00 0.00 161,378.48 0.00 161,378.48 0.00 0.00 0.00
EI-3 0.00 0.00 137,374.17 0.00 137,374.17 0.00 0.00 0.00
EI-4 0.00 0.00 80,614.70 0.00 80,614.70 0.00 0.00 0.00
EI-5 0.00 0.00 88,698.86 0.00 88,698.86 0.00 0.00 0.00
EI-6 0.00 0.00 93,628.31 0.00 93,628.31 0.00 0.00 0.00
EI-7 0.00 0.00 39,995.11 0.00 39,995.11 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 1,878.07 0.00 1,878.07 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------
TOTALS 325,000,000.00 325,000,000.00 2,663,061.09 452,716.50 3,115,777.59 0.00 0.00 324,547,283.50
=================================================================================================================
</TABLE>
<TABLE>
- ---------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- --------- --------- -------- --------- -------- --------- ------- ---------
A-1 90263BEB0 1,000.000000 4.250850 4.577518 8.828368 995.422482 5.667800% 5.610000%
A-2 90263BEC8 1,000.000000 5.317500 0.000000 5.317500 1,000.000000 6.381000% 6.381000%
A-3 90263BED6 1,000.000000 5.450833 0.000000 5.450833 1,000.000000 6.541000% 6.541000%
A-4 90263BEE4 1,000.000000 5.646667 0.000000 5.646667 1,000.000000 6.776000% 6.776000%
A-5 90263BEF1 1,000.000000 5.765000 0.000000 5.765000 1,000.000000 6.918000% 6.918000%
A-6 90263BEG9 1,000.000000 5.983333 0.000000 5.983333 1,000.000000 7.180000% 7.180000%
A-7 90263BEH7 1,000.000000 6.102500 0.000000 6.102500 1,000.000000 7.323000% 7.323000%
EI-1 0.000000 1.123731 0.000000 1.123731 0.000000 5.941965% 2.455745%
EI-2 0.000000 0.496549 0.000000 0.496549 0.000000 4.661985% 1.684745%
EI-3 0.000000 0.422690 0.000000 0.422690 0.000000 4.501985% 1.524745%
EI-4 0.000000 0.248045 0.000000 0.248045 0.000000 4.266985% 1.289745%
EI-5 0.000000 0.272920 0.000000 0.272920 0.000000 4.124985% 1.147745%
EI-6 0.000000 0.288087 0.000000 0.288087 0.000000 3.862985% 0.885745%
EI-7 0.000000 0.123062 0.000000 0.123062 0.000000 3.719985% 0.742745%
RII 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
R-1 0.000000 0.005779 0.000000 0.005779 0.000000 NA NA
- ------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: December 31, 1996 (800) 735-7777
DISTRIBUTION DATE: January 15, 1997
Page 28
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D2
REMIC III
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------- -------- -------- --------------
A-8 325,000,000.00 325,000,000.00 1,418,137.50 1,816,618.60 3,234,756.10 0.00 0.00 323,183,381.40
R-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS 325,000,000.00 325,000,000.00 1,418,137.50 1,816,618.60 3,234,756.10 0.00 0.00 323,183,381.40
=======================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ----- ---------- -------- ---------
A-8 90263BEJ3 1,000.000000 4.363500 5.589596 9.953096 994.410404 5.818000% 5.720000%
R-2 0.000000 0.000000 0.000000 0.001438 0.000000 NA NA
- ---------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: December 31, 1996 (800) 735-7777
DISTRIBUTION DATE: January 15, 1997
Page 29
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.12
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ----------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
=============================================================================================
</TABLE>
<TABLE>
- ---------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- -------- ------- -------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
- ----------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: December 31, 1996 (800) 735-7777
DISTRIBUTION DATE: January 15, 1997
Page 30
(c) COPYRIGHT 1997 Bankers Trust Company
EXHIBIT 20.13
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Statement To Certificateholders
Distribution Date: January 15, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 241,920,217.44
TOTAL PRINCIPAL: 452,716.50
PREPAYMENTS: 326,979.69
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,360,911.39
LOAN GROUP 2 PRINCIPAL BALANCE: 245,830,109.59
TOTAL PRINCIPAL: 1,816,618.60
PREPAYMENTS: 1,785,686.35
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,174,495.12
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 13,026,377.54
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 39,000,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT
AS OF THE CURRENT PAYMENT DATE: 113,750,000.00
GROUP 1 INSURED PAYMENT RELATING TO THE CURRENT
PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING TO THE CURRENT
PAYMENT DATE: 0.00
SERVICING FEES DUE GROUP 1: 100,988.72
SERVICING FEES DUE GROUP 2: 103,186.14
GUARANTEE FEES DUE GROUP 1: 601,454.52
GUARANTEE FEES DUE GROUP 2: 480,286.07
Page 31
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Statement To Certificateholders
Distribution Date: January 15, 1997
GROUP 1 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
GROUP 2 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.7050%
CLASS A-8 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.8450%
- ---------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <S>
DELINQUENT AND 60 TO 90 AND LOANS
FORECLOSURE LOAN 30 TO 59 89 OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- -----------------------------------------------------------------------------
PRINCIPAL BALANCE - GROUP 1 71,523.20 0.00 0.00 0.00
NUMBER OF LOANS 2 0 0 0.00
PRINCIPAL BALANCE - GROUP 2 187,926.39 0.00 0.00 0.00
NUMBER OF LOANS 3 0 0 0.00
AGGREGATE PRINCIPAL BALANCE 259,449.59 0.00 0.00 0.00
AGGREGATE NUMBER OF LOANS 5 0 0 0
Note: Quantity and Principal Balance of Foreclosures and
Bankruptcies are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 0
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 0.00
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 0
PRINCIPAL BALANCE OF
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 0.00
REO LOANS - GROUP 1: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 0.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 32
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Statement To Certificateholders
Distribution Date: January 15, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
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(c) COPYRIGHT 1997 Bankers Trust Company
