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 First National Bank of Chicago, as Trustee, made
the monthly distribution to the holders of The CIT RV Owner Trust 1995-A, Class
A 6.25% Asset Backed Notes and 6.55% 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
-----------------------------
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 Pooling and Servicing Agreement,
dated as of June 1, 1995 (the "Agreement"), among CITSF, The CIT Group
Securitization Corporation II and The First National Bank of Chicago, as 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
-----------------------------------
Frank Garcia
Vice President
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The CIT RV OWNER TRUST 1995-A
CLASS A 6.25% ASSET BACKED NOTES
6.55% ASSET BACKED CERTIFICATES
MONTHLY REPORT
Cut-off date 12/31/95
Determination date 1/10/96
Distribution date 1/16/96
All Payments of Principal on the Contracts 4,512,166.58
All Payments of Interest on the Contracts 1,577,872.12
All Liquidation Proceeds on the Contracts with
respect to Principal 106,843.87
Paid Ahead on Pre-Funding Account 0.00
Monthly Advance 112,640.46
Reimbursement of Prior Month Advances (87,894.01)
Transfer from Capitalized Interest Account 0.00
Total Amount Available for Distribution 6,221,629.02
Distribution Amounts
1. Aggregate Note Distribution 5,539,291.50
2. Aggregate Certificate Distribution 65,498.71
Amounts to Holder of GP Interest 432,872.45
Amounts to Servicer 147,173.09
Amounts to Guarantor 36,793.27
Total Distribution 6,221,629.02
Interest
3. Aggregate amount of Interest
(a) Note interest @ 6.25% 857,333.02
(b) Certificate interest @ 6.55% 65,498.71
4. Total Distribution in respect of interest
(a) Note 857,333.02
(b) Certificate 65,498.71
Principal
Beginning Outstanding Principal Balance of Notes: 164,607,939.99
5. Formula Principal Distribution Amount 4,681,958.48
(a) Stated Principal 1,109,972.06
(b) Principal Prepayments 3,402,194.52
(c) Liquidated Contracts 169,791.90
(d) Repurchases 0.00
6. Distribution made in respect of Principal
(a) Note 4,681,958.48
(b) Certificate 0.00
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7. Outstanding Principal Balance of Notes: 159,925,981.51
8. Opening Certificate Balance 11,999,763.84
Distribution made in respect of Principal Certificate 0.00
Closing Certificate Balance 11,999,763.84
Contract Pool
9. Closing Pool Balance 171,925,745.35
10. Note Pool Factor 0.8506701
11. Certificate Pool Factor 0.9999803
Delinquency Information Number Amount
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12. Delinquent Contracts
(a) 31-59 Days 70 1,331,301.89
(b) 60-89 Days 20 418,619.66
(c) 90 days or more 21 448,531.61
13. Repossessed Contracts 2 6,582.92
14. Repossessed Contracts Remaining in Inventory 12 319,743.75
Miscellaneous
15. Monthly Servicing Fee 147,173.09
16. Amount of Servicer Fee Paid 147,173.09
17. Guarantee Fee 36,793.27
18. Opening Balance of funds on deposit in the
Pre-Funding Account --
Monthly interest on Pre-Funding Account --
Transfer of funds from Pre-Funding Account
for Subsequent Contracts --
Transfer of funds from Pre-Funding Account
to Capitalized Interest Account --
Ending Balance of funds on deposit in the
Pre-Funding Account --
19. Weighted Average Contract Rate of all
Outstanding Contracts 10.91%
Weighted Average Maturity Rate of all
Outstanding Contracts 144.03
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 432,872.45
25. Amount of monthly advances by Servicer 112,640.46
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26. Amount of Non-Reimbursable Payments by Servicer 774.07
27. The Guarantee Payment Limit 5,000,000.00
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 --
Monthly interest on Capitalized Interest Account --
Transfer of funds from Pre-Funding Account to
Capitalized Interest Account --
Transfer of funds from Pre-Funding Account to
Capitalized Interest Account --
Ending Balance in the Capitalized Interest Account --
33. The CIT Group Holdings, Inc. is subject to the requirements if
the Securities Exchange Act of 1934, as amended, and, in
accordance therewith, files reports and other information with
the Securities and Exchange Commission. As a result of the
limited guaranty by the CIT Group Holdings, Inc., information
relating to The CIT Group Holdings, Inc. which is material will
be available through such reports and other information.
