8-K 1 srz9633279v1.txt CIT RV TRUST 1996-B 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): April 20, 2004 CIT RV Trust 1996 - B (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation) 0 - 28744 52 - 2005294 (Commission File Number) (IRS Employer Identification No.) 1 CIT Drive Livingston, New Jersey 07039-5703 (Address of principal executive offices and zip code) Registrants' telephone number, including area code: (973) 740-5000 N/A (Former name or former address, if changed since last report) 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 ----------- ----------- 99.1 Pool Data Report SIGNATURE 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. By: THE CIT GROUP / SALES FINANCING, INC., as Servicer By: /s/ Usama Ashraf ------------------------------------ Name: Usama Ashraf Title: Dated: 20-Apr-2004

CIT RV TRUST 1996-B Cutoff Date: December 31, 2003 The percentages and balances set forth in each of the following tables may not total due to rounding. GEOGRAPHIC DISTRIBUTION OF CONTRACTS (1) % OF CONTRACT % OF CONTRACT NUMBER OF ~~POLL~~POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING STATE CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE ----- ------------ ------------ ------------------ ------------------ Alabama 1210 0.6867% $ ~~330~~286,~~526~~684 01.9803% Alaska 43 0.2320% 4431,~~336~~101 0.1311% Arizona 7365 4.1337% 1,~~762~~531,~~829~~679 5.2152% Arkansas 1915 1.0701% ~~371~~314,~~942~~968 1.1013% California ~~415~~332 2322.4730% 86,~~235~~569,~~998~~250 2423.3466% Colorado 6352 3.5649% ~~874~~628,~~036~~748 2.5826% Connecticut 2824 1.5861% ~~371~~302,~~059~~504 1.1009% Delaware 2 0.1113% 3029,~~674~~217 0.0911% Florida 9591 56.3711% 2,~~103~~045,~~666~~881 67.2237% Georgia 5447 3.0516% 1745,~~042,440~~714 ~~3.08% Hawaii~~ 2 0.1169% ~~20,899 0.06%~~ Idaho 1210 0.6867% ~~203~~144,~~334~~533 0.6052% Illinois 2923 1.6454% ~~589~~432,~~828~~407 1.7456% Indiana 1413 0.7987% ~~242~~243,~~615~~366 0.7288% Iowa 67 0.3447% ~~123~~121,~~931~~054 0.3744% Kansas 4537 2.5548% ~~741~~566,~~168~~796 2.1904% Kentucky 1 0.0607% ~~140~~36,~~626~~339 0.4213% Louisiana 1615 01.9001% ~~586~~469,~~534~~790 1.7369% Maine 75 0.4034% ~~148~~102,~~960~~757 0.4437% Maryland 4439 2.4962% ~~619~~545,~~897~~836 1.8397% Massachusetts 3629 21.0495% ~~520~~367,~~170~~228 1.5432% Michigan 97 0.5147% ~~254~~182,~~360~~000 0.7566% Minnesota 1511 0.8574% ~~329~~274,~~666~~807 0.9799% Mississippi 10 0.5767% ~~187~~177,~~225~~220 0.5564% Missouri 6454 3.6263% ~~954~~832,~~946~~522 23.8200% Montana 43 0.2320% ~~199~~103,~~199~~099 0.5937% Nebraska 4 0.2327% 6965,~~039~~191 0.2023% Nevada 5142 2.8882% ~~955~~825,~~668~~174 2.8297% New Hampshire 1211 0.6874% ~~298~~244,~~745~~108 0.88% New ~~Jersery~~Jersey 1512 0.8581% ~~226~~163,~~137~~629 0.6759% New Mexico 18 1.0221% ~~375~~397,~~705~~638 1.1143% New York 4740 2.6669% 1879,~~036,426~~206 3.0617% North Carolina 4137 2.3248% ~~830~~650,~~160~~444 2.4534% ~~North Dakota 1 0.06% 160 0.00%~~ Ohio 5 0.2834% ~~283~~246,~~192~~596 0.8489% Oklahoma 9079 5.0931% 1,~~311~~093,~~238~~673 3.8894% Oregon 4033 2.2622% ~~588~~371,~~377~~314 1.7434% Pennsylvania 1312 0.7481% ~~319~~276,~~779~~380 01.9500% Rhode Island 97 0.5147% ~~128~~91,~~505~~580 0.3833% South Carolina 1917 1.0714% ~~218~~177,~~638~~967 0.6564% South Dakota 32 0.1713% 6237,~~276~~942 0.1814% Tennessee 2923 1.6454% ~~625~~461,~~836~~372 1.8566% Texas ~~202~~164 11.4301% 3,~~834~~186,~~124~~612 11.3348% Utah 87 0.4547% ~~218~~198,~~891~~908 0.6572% Vermont 4 0.2327% 4340,~~801~~663 0.1315% Virginia 1311 0.74% ~~222~~208,~~572~~612 0.6675% Washington 5044 2.8396% ~~755~~712,~~581~~061 2.2356% West Virginia 3 0.1720% 4037,~~861~~986 0.1214% Wisconsin 97 0.5147% ~~287~~253,~~825~~065 0.8591% Wyoming 21 0.1107% 5342,~~724~~006 0.1615% Other (2) 1 0.0607% 1514,~~594~~431 0.05% ------------------ ------------------------ ----------------------- ------------------------~~---------------~~ 1,~~768~~489 100.00% $ 3327,~~833~~762,~~721~~059 100.00% ================== ======================== ======================= ========================~~===============~~ ~~----------------------------------~~ (1) In most cases, based on the mailing addresses of the Obligors as of the Cut-off Date. (2) Generally includes foreign address locations.

RANGE OF CONTRACT RATES % OF CONTRACT % OF CONTRACT NUMBER OF ~~POLL~~POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL RANGE OF CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING CONTRACT RATES CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE -------------- ------------ ------------ ------------------ ------------------ 0.00% - 8.48% (1) 5228 21.9488% $ 1879,~~805,345~~727 53.3417% 8.49% - 8.99% ~~145~~121 8.2013% 43,~~495~~472,~~175~~984 1312.2951% 9.00% - 9.99% ~~524~~455 2930.6456% 1210,~~455~~409,~~306~~418 3637.8150% 10.00% - 10.99% ~~494~~417 2728.9401% 86,~~077~~942,~~253~~166 2325.8701% 11.00% - 11.99% ~~313~~267 17.7093% 3,~~964~~435,~~365~~208 1112.7237% 12.00% - 12.99% ~~160~~129 98.0566% 21,~~088~~786,~~791~~444 6.1743% 13.00% - 13.99% 5953 3.3456% ~~727~~626,~~105~~872 2.1526% 14.00% - 14.99% 1716 01.9607% ~~142~~133,~~657~~849 0.4248% 15.00% - 15.99% 43 0.2320% 7775,~~724~~391 0.2327% -------- --------- ------------ --------~~-----------------------------------------------------------------~~ 1,~~768~~489 100.00% $ 3327,~~833~~762,~~721~~059 100.00% ======== ========= ============ ========~~=================================================================~~ ~~----------------------------------------------------------------~~ (1) Generally represents repossessed contracts or ~~contract~~contracts subject to the Soldiers' and Sailors' Civil Relief Act.

RANGE OF ~~REMAINING~~CONTRACT ~~MATURITIES~~RATES % OF CONTRACT % OF CONTRACT NUMBER OF ~~POLL~~POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL RANGE OF ~~REMAINING~~ CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING ~~MATURITIES~~CONTRACT INRATES ~~MONTHS~~ CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE --------------~~------~~ ------------ ------------ ------------------ ------------------ 0 ~~months 3 0.17% $ 13 0.00% 1~~- 12 months 7853 43.4156% 8077,~~444~~925 0.2428% 13 - 24 months 5315 31.0001% ~~150~~61,~~615~~875 0.4522% 25 - 36 months ~~214~~361 1224.1024% 12,~~259~~095,~~617~~168 37.7255% 37 - 48 months ~~235~~38 132.2955% 1292,~~687,104~~265 41.9905% 49 - 60 months ~~217~~369 1224.2778% 23,~~188~~875,~~360~~268 613.4796% 61 - 72 months ~~234~~49 133.2429% 2650,~~808,660~~258 82.3034% 73 - 84 months 4116 21.3207% ~~793~~540,~~452~~478 21.3595% 85 - 96 months ~~297~~545 1636.8060% 917,~~684~~959,~~748~~272 2864.6269% 97 - 108 months ~~333~~36 182.8342% 111,~~988~~622,~~664~~681 355.4384% 109 - 120 months 405 20.2634% 1412,~~894,163~~637 51.6049% 121 - 132 months 20 1~~.13%~~ ~~1,040,424 3.08% 133- 144 months 2~~ 0.1107% ~~144~~60,~~000~~776 0.4322% ~~157~~145 - ~~168~~156 months 1 0.0607% 113,456 0.3441% -------- --------- ------------- --------~~----------------------------------------------------------------~~ 1,~~768~~489 100.00% $ 3327,~~833~~762,~~721~~059 100.00% ======== ========= ============= ========~~================================================================~~ 4

COLLATERAL TYPE DISTRIBUTION % OF CONTRACT % OF CONTRACT NUMBER OF ~~POLL~~POOL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING COLLATERAL TYPE CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE --------------- ------------ ------------ ------------------ ------------------ Motor Homes ~~800~~686 4546.2507% $ 2319,~~802~~717,~~006~~860 7071.3502% Fifth Wheel ~~340~~282 1918.2394% 54,~~008~~020,~~883~~257 14.8048% Travel Trailer ~~550~~463 31.1109% 43,~~449~~550,~~178~~164 1312.1579% Other 7858 43.4190% ~~573~~473,~~654~~778 1.7071% --------~~-------------------------------------------------------------------------------------~~ Total 1,768 100.00% $ 33,833,721 100.00% ============================================================================================= DELINQUENCY STATUS DISTRIBUTION % OF CONTRACT % OF CONTRACT NUMBER OF POLL BY NUMBER AGGREGATE PRINCIPAL POOL BY PRINCIPAL CONTRACTS AS OF OF CONTRACTS AS OF BALANCE OUTSTANDING BALANCE OUTSTANDING DELINQUENCY STATUS CUT-~~OFF DATE CUT~~-~~OFF DATE AS OF CUT~~-~~OFF DATE AS OF CUT~~-~~OFF DATE~~ -----~~-------------~~ ------------ -~~-----------~~ --------~~----------~~ ~~------------------~~Total ~~Current, including~~ 1 ~~to 29 days delinquent 1~~,~~581~~489 89.42% $ 28,802,433 85.13% 30 to 59 days 28 1.58% 608,805 1.80% 60 to 89 days 12 0.68% 446,566 1.32% 90 to 119 days 13 0.74% 243,279 0.72% 120 to 149 days 8 0.45% 138,741 0.41% 150 to 179 days 9 0.51% 309,930 0.92% 180+ days 45 2.55% 996,740 2.95% Repo 72 4.07% 2,287,227 6.76% -------------------------------------------------------------------------------------- 1,768 100.00% $ 3327,~~833~~762,~~721~~059 100.00% ======== ========= ============= ========~~================================================~~

~~RANGE~~DELINQUENCY STATUS DISTRIBUTION % OF ~~PRINCIPAL~~CONTRACT ~~BALANCE~~% ~~OUTSTANDING~~OF ~~TOTAL~~CONTRACT ~~MINIMUM~~NUMBER ~~MAXIMUM~~OF ~~AVERAGE~~POOL BY NUMBER AGGREGATE PRINCIPAL ~~BALANCE~~POOL ASBY OFPRINCIPAL ~~BALANCE~~CONTRACTS AS OF ~~BALANCE~~OF CONTRACTS AS OF BALANCE ASOUTSTANDING OF BALANCE OUTSTANDING COLLATERAL TYPE CUT-OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE AS OF CUT-OFF DATE --------------- ------------ ------------ ------------------ ------------------ ~~Original $ 53~~Current,~~187,583~~ $including ~~5,205~~1 $to ~~255,045~~29 ~~$ 30~~1,~~083~~310 ~~Current~~87.98% $ 3323,~~833~~593,~~721~~482 $84.98% 0days $delinquent ~~175,110~~30 $to ~~19,137~~59 ~~NEW~~days ~~VS.~~44 ~~USED COLLATERAL DISTRIBUTION~~ 2.96% OF774,546 ~~CONTRACT~~ 2.79% OF60 ~~CONTRACT~~to ~~NUMBER~~89 OFdays ~~POLL~~19 BY1.28% ~~NUMBER~~446,571 ~~AGGREGATE~~1.61% ~~PRINCIPAL~~90 ~~POOL~~to BY119 ~~PRINCIPAL~~days ~~CONTRACTS~~6 AS0.40% OF68,144 OF0.25% ~~CONTRACTS~~120 ASto OF149 ~~BALANCE~~days ~~OUTSTANDING~~7 ~~BALANCE~~0.47% ~~OUTSTANDING~~181,005 ~~NEW VS~~0.65% ~~USED~~150 ~~CUT-OFF~~to ~~DATE~~179 ~~CUT-OFF~~days ~~DATE~~5 AS0.34% OF137,758 ~~CUT-OFF~~0.50% ~~DATE~~180+ ASdays OF34 ~~CUT-OFF DATE ------------ ------------ ------------ ------------------ ------------------ New 1,230 69~~2.5728% ~~$ 24~~756,~~755,873~~204 732.1772% ~~Used~~Repossession ~~538~~Status 3064 4.4330% 91,~~077~~804,~~848~~349 266.8350% -------- --------- -------------- ---------~~-------------------------------------------------------------~~ 1,~~768~~489 100.00% $ 3327,~~833~~762,~~721~~059 100.00% ======== ========= ============== =========~~=============================================================~~ 5

RANGE OF ~~CREDIT~~PRINCIPAL ~~SCORES~~BALANCE ~~MINIMUM~~OUTSTANDING ASTOTAL OFMINIMUM MAXIMUM ASAVERAGE OFPRINCIPAL ~~WEIGHTED~~BALANCE ~~AVERAGE~~ AS OF ~~SCORE~~BALANCE TYPE ORIGINATION DATE ORIGINATION DATE ORIGINATION DATE ---------- ---------------- ---------------- ---------------- FICO 484 827 640 Custom 102 301 188 MINIMUM, MAXIMUM AND WEIGHTED AVERAGE DISTRIBUTION MINIMUM AS OF ~~MAXIMUM~~BALANCE AS OF ~~WEIGHTED~~BALANCE ~~AVERAGE~~ AS OF ~~DISTRIBUTION~~BALANCE TYPE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE ------------ ------------ ------------ ------------ ------------ ~~Contract Rate 0.00% 15.74% 9.75%~~ Original ~~Term~~$45,312,142 60$5,332 ~~months~~$255,045 ~~240~~$30,431 ~~months 168 months~~ Current ~~Term~~$27,762,059 0$154 ~~months~~$166,572 ~~158 months 88 months~~$18,645

Filing Compare · CIT RV TRUST 1996-B