SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 16, 1996
The CIT Group Securitization Corporation II
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
33-85224 22-3328188
(Commission File Number) (IRS Employer Identification No.)
650 CIT Drive, Livingston, New Jersey 07039
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (201) 740-5000
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On January 16, 1996, The Chase Manhattan Bank, N.A., as Trustee, made
the monthly distribution to the holders of The CIT RV Owner Trust 1995-B, Class
A 6.50% Asset Backed Notes and 6.85% Asset Backed Certificates.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following are filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description Page
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28 Monthly Report delivered by 3
the Trustee to Certificateholders
in connection with distributions
on January 16, 1996
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 hereunto duly authorized.
THE CIT GROUP/SALES FINANCING,
INC., as servicer
By: /s/ Richard W. Bauerband
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Name: Richard W. Bauerband
Title: Executive Vice President
Dated: January 22, 1996
2
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THE CIT GROUP/SALES FINANCING, INC.
CERTIFICATE OF SERVICING OFFICERS
The undersigned states that he is a Vice President of The CIT Group/Sales
Financing, Inc., a corporation organized under the laws of Delaware ("CITSF"),
and that as he is duly authorized to execute and deliver this certificate on
behalf of CITSF pursuant to Section 4.09 of the Sale and Servicing Agreement,
dated as of September 1, 1995 (the "Agreement"), among CITSF, The CIT Group
Securitization Corporation II and The Chase Manhattan Bank, N.A., as Owner
Trustee (all capitalized terms used herein without definition having the
respective meanings specified in the Agreement), and further states that:
1. The Monthly Report for the period from December 1, 1995 to December
31, 1995 attached to this certificate is complete and accurate in
accordance with the requirements of Sections 4.09 and 5.08 of the
Agreement; and
2. As of the date hereof, no Event of Termination or event that with
notice or lapse of time or both would become an Event of Termination
has occurred.
I have affixed hereunto my signature this 12th day of January 1996.
THE CIT GROUP/SALES FINANCING, INC.
BY: /s/ Frank Garcia
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Frank Garcia
Vice President
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The CIT RV OWNER TRUST 1995-B
CLASS A 6.50% ASSET BACKED NOTES
6.85% ASSET BACKED CERTIFICATES
MONTHLY REPORT
End of Period 12/31/95
Determination date 1/11/96
Distribution date 1/16/96
All Payments of Principal on the Contracts 3,446,061.54
All Payments of Interest on the Contracts 1,526,631.35
All Liquidation Proceeds on the Contracts
with respect to Principal 9,717.22
Paid Ahead on Pre-Funding Account 0.00
Servicer Advances 108,081.91
Reimbursement of Prior Month Advances (86,866.07)
Transfer from Capitalized Interest Account 0.00
Investment Earnings on Collection Account 5.13
Total Amount Available for Distribution 5,003,631.08
Distribution Amounts
1. Aggregate Note Distribution 4,404,298.25
2. Aggregate Certificate Distribution 68,500.00
Amounts to Holder of GP Interest 372,942.52
Amounts to Servicer 154,804.11
Interest Payment on Cash Collateral Loan 3,086.20
Total Distribution 5,003,631.08
Interest
3. Aggregate amount of Interest
(a) Note interest @ 6.50% 941,160.01
(b) Certificate interest @ 6.85% 68,500.00
4. Total Distribution in respect of interest
(a) Note 941,160.01
(b) Certificate 68,500.00
Principal
Beginning Outstanding Principal Balance of Notes: 173,752,617.78
5. Formula Principal Distribution Amount 3,463,138.24
(a) Stated Principal 1,131,148.74
(b) Principal Prepayments 2,314,912.80
(c) Liquidated Contracts 17,076.70
(d) Repurchases 0.00
6. Distribution made in respect of Principal
(a) Note 3,463,138.24
(b) Certificate 0.00
7. Outstanding Principal Balance of Notes: 170,289,479.54
8. Opening Certificate Balance 12,000,000.00
Distribution made in respect of
Principal Certificate 0.00
Closing Certificate Balance 12,000,000.00
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Contract Pool Number Amount
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9. Closing Pool Balance 7,786 182,289,479.54
10. Note Pool Factor 0.98007
11. Certificate Pool Factor 1.00000
Delinquency Information Number Amount
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12. Delinquent Contracts
(a) 31-59 Days 58 1,513,317.68
(b) 60-89 Days 17 598,266.52
(c) 90 days or 14 499,181.16
13. Repossessed Contracts 1 76,552.77
14. Repossessed Contracts Remaining in Inventory 5 273,836.52
Miscellaneous
15. Monthly Servicing Fee (including
collection account interest) 154,798.98
16. Amount of Servicer Fee Paid 154,798.98
17. Guarantee Fee 0.00
18. Opening Balance of funds on deposit in the Pre-Funding Account 0.00
Monthly interest on Pre-Funding Account 0.00
Transfer of funds from Pre-Funding Account
for Subsequent Contracts 0.00
Transfer of funds from Pre-Funding Account
to Capitalized Interest Account 0.00
Transfer of funds from Pre-Funding Account
to Available for Principal Distribution 0.00
Ending Balance of funds on deposit in
the Pre-Funding Account 0.00
19. Weighted Average Contract Rate of
all Outstanding Contracts 10.16%
Weighted Average Remaining Term to Maturity Rate
of all Outstanding Contracts 144.66
20. Number of Subsequent Contracts 0
21. Aggregate Principal Balance of Subsequent Contracts 0.00
22. Number of Subsequent Contracts Purchased 0
23. Aggregate Stated Principal Balance of the Subsequent
Contracts Purchased 0.00
24. Amounts to Holder of GP Interest 372,942.52
25. Amount of Monthly Advances by Servicer 107,370.57
26. Amount of Non-Reimbursable Payments by Servicer 711.34
27. Opening Balance of Cash Collateral Account 5,108,196.98
Principal Prepayment to Cash Collateral Depositor (95,236.30)
Deposit to Cash Collateral Account -
Available Balance of Cash Collateral Account
at the End of the current Period 5,012,960.68
28. Amount on deposit in the Certificate Reserve Account 0.00
29. Amount withdrawn from the Certificate Reserve Account 0.00
30. Amount on deposit in the Alternate Credit Enhancement Account 0.00
31. Amount withdrawn from the Alternate Credit Enhancement Account 0.00
32. Opening Balance in the Capitalized Interest Account 0.00
Monthly interest on Capitalized Interest Account -
Transfer of funds from Pre-Funding Account to
Capitalized Interest Account -
Transfer of funds from Capitalized Interest
Account to available for distribution -
Ending Balance in the Capitalized Interest Account 0.00
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