<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ______)
PacificAmerica Money Center, Inc.
______________________________________________________________________________
(Name of Issuer)
Common Stock, no par value
______________________________________________________________________________
(Title of Class of Securities)
694935 10 7
________________________________________
(CUSIP Number)
Check the following box if a fee is being paid with this statement. [ X ]
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Page 1 of 11
<PAGE> 2
CUSIP: 694935 10 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joel R. Schultz
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ X ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------
5. SOLE VOTING POWER
NUMBER OF
-0-
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 192,472(1)
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON 8. SHARED DISPOSITIVE POWER
WITH 192,472(1)
- ----------------
____________________
1/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 2 of 11
<PAGE> 3
CUSIP: 694935 10 7
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,472(2)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
12. TYPE OF REPORTING PERSON
IN
____________________
2/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 3 of 11
<PAGE> 4
CUSIP: 694935 10 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Toby Schultz
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ X ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------
5. SOLE VOTING POWER
NUMBER OF
-0-
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 192,472(3)
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON 8. SHARED DISPOSITIVE POWER
WITH 192,472(3)
- ----------------
- -----------------------
3/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 4 of 11
<PAGE> 5
CUSIP: 694935 10 7
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,472(4)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
12. TYPE OF REPORTING PERSON
IN
____________________
4/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 5 of 11
<PAGE> 6
CUSIP: 694935 10 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Schultz Living Trust dated 9/16/96
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ X ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------
5. SOLE VOTING POWER
NUMBER OF
-0-
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 192,472(5)
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON 8. SHARED DISPOSITIVE POWER
WITH 192,472(3)
- ----------------
____________________
5/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 6 of 11
<PAGE> 7
CUSIP: 694935 10 7
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,472(6)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
12. TYPE OF REPORTING PERSON
IN
____________________
6/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 7 of 11
<PAGE> 8
CUSIP: 694935 10 7
ITEM 1.
(a) PacificAmerica Money Center, Inc.
21031 Ventura Boulevard, Suite 102
Woodland Hills, CA 91364
ITEM 2.
(a) The Schultz Living Trust dated 9/16/96 and Joel R. Schultz
(b) 21031 Ventura Boulevard, Suite 102
Woodland Hills, CA 91364
(c) U.S.A.
(d) Common Stock
(e) 694935 10 7
ITEM 3.
Not applicable.
ITEM 4. Ownership.
(a) Amount Beneficially owned: 192,472(7)
(b) Percent of Class: 9.8%
(c) Number of shares as to which undersigned has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the Note: 192,472(7)
(iii) Sole power to dispose or to direct the
disposition: 0
(iv) Shared power to dispose or to direct the
disposition: 192,472(7)
____________________
7/ Includes 85,574 shares of Common Stock, 19,239 Subscriber Warrants and
54,058 General Partner Warrants held by The Schultz Living Trust dated 9/16/96,
a revocable trust of which Joel R. Schultz and Toby Schultz are the Co-Trustees,
15,000 shares of Common Stock and 3,000 Subscriber Warrants held in IRA and SEP
IRA accounts on behalf of Joel R. Schultz, and 5,000 shares of Common Stock and
1,000 Subscriber Warrants held in an IRA account on behalf of Toby Schultz.
Page 8 of 11
<PAGE> 9
CUSIP: 694935 10 7
ITEM 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: [ ]
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
ITEM 8. Identification and Classification of Members of the Group.
Not applicable.
ITEM 9. Notice of Dissolution of Group.
Not applicable.
ITEM 10. Certification.
Not applicable.
Page 9 of 11
<PAGE> 10
CUSIP: 694935 10 7
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1997 /s/ Joel R. Schultz
-------------------------------
Joel R. Schultz, individually
/s/ Toby Schultz
-------------------------------
Toby Schultz, individually
THE SCHULTZ LIVING TRUST dated 9/16/96
/s/ Joel R. Schultz
-------------------------------
Joel R. Schultz, as Co-Trustee
/s/ Toby Schultz
-------------------------------
Toby Schultz, as Co-Trustee
Page 10 of 11
<PAGE> 11
CUSIP: 694935 10 7
EXHIBIT A TO
SCHEDULE 13G
The undersigned hereby agree that the attached Schedule 13G shall be
filed with the Securities and Exchange Commission on behalf of each of the
undersigned.
Dated: February 12, 1997 /s/ Joel R. Schultz
-------------------------------
Joel R. Schultz, individually
/s/ Toby Schultz
-------------------------------
Toby Schultz, individually
THE SCHULTZ LIVING TRUST dated 9/16/96
/s/ Joel R. Schultz
-------------------------------
Joel R. Schultz, as Co-Trustee
/s/ Toby Schultz
-------------------------------
Toby Schultz, as Co-Trustee
Page 11 of 11