8-K 1 eqc011f_edgar0209.txt EQCC RECEIVABLES CORP, EQCC TRUST SERIES 2001-1F 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): September 25, 2002 EQCC Receivables Corporation (Depositor) Delaware 33-66152 59-3170055 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 10401 Deerwood Park Blvd, Jacksonville, FL 32256 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 904-987-5000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events EQCC Receivables Corporation EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F On September 25, 2002, The Bank of New York, as Trustee for EQCC Trust 2001-1F made a monthly distribution of principal and/or interest to the Holders of the EQCC Asset Backed Certificates, Series 2001-1F. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of December 1, 2001 by and among EQCC Receivables Corporation as Depositor, EquiCredit Corporation of America, as Transferor and Initial Servicer, Bank of America, N.A., as Advancing Party, Fairbanks Capital Corp., as Expected Successor Servicer and The Bank of New York, as Trustee. All capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Pooling and Servicing Agreement. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of EQCC Asset Backed Certificates, Series 2001-1F relating to the Distribution Date of September 25, 2002 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 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 thereunto duly authorized. Dated: September 25, 2002 By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Report to Holders of EQCC Asset Backed Certificates, Series 2001-1F relating to the Distribution Date of September 25, 2002 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated September 25, 2002 Payment Date: 09/25/02 ------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior A1 1,~~561~~512,~~478~~097,~~616~~623.9328 26.~~816880~~550000% 7255,~~416~~273,~~579~~114.3920 38,~~909~~253,~~775~~532.9086 7663,~~326~~526,~~355~~647.2806 0.00 0.00 A2 1,~~388~~145,~~744~~187,~~059~~159.6962 26.~~816880~~550000% 6941,~~813~~546,~~520~~018.4502 36,~~477~~250,~~266~~813.9925 7347,~~290~~796,~~787~~831.4427 0.00 0.00 A3 ~~726,585,638.17 2.816880% 42,578,439.03~~ 1,~~819~~225,~~292.94 44~~525,~~397,731~~589.9624 06.~~00 0.00 A4 893,237,740.19 2.816880~~240000% 3144,~~646~~061,~~212~~934.1261 26,~~236~~372,~~572~~733.0206 3350,~~882~~434,~~784~~667.1467 0.00 0.00 A5A4 ~~642,606,060.70 2.816880% 32,997,178.31~~ 1,~~609~~410,~~017.03 34~~791,~~606,195~~685.3440 ~~0.00 0.00 A6 1,322,849,329.37 5.470000% 43,292,741.14~~ 6~~,029,988~~.~~19 49,322,729.33 0.00 0.00 A7 1,446,840,532.50 5.470000~~240000% 5572,~~875~~955,~~521~~411.3745 67,~~595~~336,~~181~~116.4376 6280,~~470~~291,~~702~~528.8022 0.00 0.00 X 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 Residual R1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 75,~~982~~293,~~341~~602,~~977~~057.5553 - ~~348~~213,~~620~~836,~~191~~478.8029 2528,~~677~~213,~~094~~195.5093 ~~374~~242,~~297~~049,~~286~~674.3022 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 1,~~489~~456,~~062~~824,~~037~~509.5407 0.00 A2 1,~~318~~103,~~930~~641,~~539~~141.2459 0.00 A3 ~~684,007,199.14 0.00 A4 861,591,528.07 0.00 A5 609,608,882.39 0.00 A6~~ 1,~~279~~181,~~556~~463,~~588~~654.2363 0.00 A7A4 1,~~390~~337,~~965~~836,~~011~~273.1394 0.00 X 0.00 0.00 Residual R1 0.00 0.00 R2 0.00 0.00 R3 0.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 75,~~633~~079,~~721~~765,~~785~~579.7524 - --------------------------------------------------------------------------------

Payment Date: 09/25/02 ------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior A1 1,~~561~~512,~~478~~097,~~616~~623.9328 26.~~816880~~550000% ~~26882JAE6~~26882JAA4 3627.~~262139~~647810 14.~~957795~~128447 ~~745~~728.~~638291~~708855 A2 1,~~388~~145,~~744~~187,~~059~~159.6962 26.~~816880~~550000% ~~26882JAF3~~26882JAB2 3527.~~217777~~683154 14.~~754125~~165074 ~~665~~735.~~341051~~383775 A3 ~~726,585,638.17 2.816880% 26882JAG1 40.348804~~ 1~~.724025 648.188920 A4 893~~,~~237~~225,~~740.19 2.816880% 26882JAH9 28.370593 2.005070 772.410378 A5 642~~525,~~606,060~~589.7024 26.~~816880~~240000% ~~26882JAJ5~~26882JAC0 ~~38.730090 1.888567 715.521996 A6 1,322,849,329.37 5.470000% 26882JAK2~~ 27.~~393194~~613338 3.~~815435~~993752 ~~809~~740.~~630933~~415865 A7A4 1,~~446~~410,~~840~~791,~~532~~685.5040 56.~~470000~~240000% ~~26882JAL0~~26882JAD8 3136.~~288230~~583124 3.~~693058~~678659 ~~778~~670.~~889068~~851260 X 0.00 0.000000% 0.000000 0.000000 0.000000 Residual R1 0.00 0.000000% 0.000000 0.000000 0.000000 R2 0.00 0.000000% 0.000000 0.000000 0.000000 R3 0.00 0.000000% 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 5,~~982~~293,~~341~~602,~~977~~057.5553 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 1,494,044,887.79 1,129,550,483.42 1,210,936,853.82 Loan count 19117 13597 14234 Avg loan rate 10.105426% 9.880566% 9.738738% Prepay amount 49,137,985.49 37,227,985.48 38,902,234.93 Total ----- Prin balance 1,375,848,875.17 5,210,381,100.20 Loan count 26273 73221 Avg loan rate 9.962580% 9.93 Prepay amount 65,593,523.99 190,861,729.89 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 643,314.11 469,115.59 502,031.89 Sub servicer fees 0.00 0.00 0.00 Trustee fees 0.00 0.00 0.00 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 598,711.85 2,213,173.44 Sub servicer fees 0.00 0.00 Trustee fees 0.00 0.00 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 422,338.74 89,394.29 50,265.43 Total ----- Realized losses 0.00 0.00 Cumulative losses 415,712.37 977,710.83 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 0.00 Fraud 0.00 0.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 5,293,602,057.53 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 2516 169,359,009.82 60 to 89 days 346 20,565,655.39 90 or more 539 24,364,250.16 Foreclosure 2700 208,732,866.99 Totals: 6101 423,021,782.36 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 9,332,304.26 Current Total Outstanding Number of Loans: 146 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 242,049,674.22 242,049,674.22 Principal remittance amount 213,836,478.29 213,836,478.29 Interest remittance amount 28,213,195.93 28,213,195.93

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