SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 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): December 15, 1995
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.)
<PAGE>
Item 5. Other Events.
On December 15, 1995, The Chase Manhattan Bank, N.A., as Trustee, made the
first 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 December 15, 1995
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.
HE CIT GROUP/SALES FINANCING,
INC., as servicer
By: /s/ Richard W. Bauerband
Name: Richard W. Bauerband
Title: Executive Vice President
Dated: January 2, 1996
2
<PAGE>
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 November 1, 1995 to November 30,
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 15th day of December 1995.
THE CIT GROUP/SALES FINANCING, INC.
BY /s/ Frank Garcia
--------------------------------
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 11/30/95
Determination date 12/12/95
Distribution date 12/15/95
All Payments of Principal on the Contracts 3,266,364.71
All Payments of Interest on the Contracts 1,564,839.03
All Liquidation Proceeds on the Contracts with respect
to Principal 41,730.25
Paid Ahead on Pre-Funding Account 0.00
Monthly Advance 108,095.46
Reimbursement of Prior Month Advances (77,027.26)
Transfer from Capitalized Interest Account 634.39
Investment Earnings on Collection Account 9.98
Total Amount Available for Distribution 4,904,646.56
Distribution Amounts
1. Aggregate Note Distribution 4,293,195.95
2. Aggregate Certificate Distribution 68,500.00
Amounts to Holder of GP Interest 382,108.56
Amounts to Servicer 157,592.12
Interest Payment on Cash Collateral Loan 3,249.93
Total Distribution 4,904,646.56
Interest
3. Aggregate amount of Interest
(a) Note interest @ 6.50% 959,219.05
(b) Certificate interest @ 6.85% 68,500.00
4. Total Distribution in respect of interest
(a) Note 959,219.05
(b) Certificate 68,500.00
Principal
Beginning Outstanding Principal Balance of Notes: 177,086,594.68
5. Formula Principal Distribution Amount 3,333,976.90
(a) Stated Principal 1,096,779.88
(b) Principal Prepayments 2,169,584.83
(c) Liquidated Contracts 67,612.19
(d) Repurchases 0.00
6. Distribution made in respect of Principal
(a) Note 3,333,976.90
(b) Certificate 0.00
7. Outstanding Principal Balance of Notes: 173,752,617.78
8. Opening Certificate Balance 12,000,000.00
Distribution made in respect of Principal Certificate 0.00
Closing Certificate Balance 12,000,000.00
Contract Pool
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9. Closing Pool Balance 185,752,617.78
10. Note Pool Factor 0.98117
11. Certificate Pool Factor 1.00000
Delinquency Information Number Amount
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12. Delinquent Contracts
(a) 31-59 Days 44 1,168,299.49
(b) 60-89 Days 15 519,073.93
(c) 90 days or more 5 185,691.76
13. Repossessed Contracts 3 169,436.92
14. Repossessed Contracts Remaining in Inventory 5 214,360.48
Miscellaneous
15. Monthly Servicing Fee (including collection account interest) 157,582.14
16. Amount of Servicer Fee Paid 157,582.14
17. Guarantee Fee 0
18. Opening Balance of funds on deposit in the Pre-Funding Account -
Monthly interest on Pre-Funding Account 58.52
Transfer of funds from Pre-Funding Account for
Subsequent Contracts -
Transfer of funds from Pre-Funding Account to
Capitalized Interest Account (58.52)
Transfer of funds from Pre-Funding Account to
Available for Principal Distribution -
Ending Balance of funds on deposit in the
Pre-Funding Account -
19. Weighted Average Contract Rate of all Outstanding Contracts 10.17%
Weighted Average Remaining Term to Maturity Rate of all
Outstanding Contracts 145.62
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 382,108.56
25. Amount of monthly advances by Servicer 108,095.46
26. Amount of Non-Reimbursable Payments by Servicer 1,032.48
27. Opening Balance of Cash Collateral Account 5,199,881.34
Principal Prepayment to Cash Collateral Depositor (91,684.36)
Deposit to Cash Collateral Account -
Available Balance of Cash Collateral Account at the End
of the current Period 5,108,196.98
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 575.87
Transfer of funds from Pre-Funding Account to Capitalized
Interest Account 58.52
Transfer of funds from Capitalized Interest Account to
available for distribution (634.39)
Ending Balance in the Capitalized Interest Account 0.00
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