Securities and Exchange Commission Washington, DC 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report: 18-Dec-00 CIT Equipment Collateral 2000-2 A New York Commission File I.R.S. Employer Corporation No. 0001125705 No. 527109880 c/o Capita Corporation 650 CIT Drive, Livingston, N.J. 07039 Telephone Number (973) 740-5000 Page 2 of 9 ITEM 5. OTHER CIT EQUIPMENT COLLATERAL 2000-2 Monthly Servicing Report

~~----------------------------------------------------------------------------------------------~~Determination ~~DISTRIBUTION~~Date: ~~CLASS~~12/18/00 ~~A-1~~Collection ~~CLASS~~Period: ~~A-2~~11/30/00 ~~CLASS~~Payment ~~A-3~~Date: ~~CLASS~~12/20/00 ~~A-4~~I. ~~AMOUNTS~~AVAILABLE ~~NOTES~~FUNDS ~~NOTES NOTES NOTES ---------------------------------------------------------------------------------------------- 1~~A. ~~Interest~~Available ~~Due~~Pledged ~~894,119.87~~Revenues ~~2,020,300~~a.00 ~~1,744,200.00~~Scheduled ~~765,474.32~~Payments 2Received ~~Interest Paid 894~~$30,~~119.87 2~~855,~~020,300~~509.0071 ~~1,744,200~~b.00 ~~765,474.32~~Liquidation 3Proceeds ~~Interest~~Allocated ~~Shortfall~~to ~~0.00~~Owner ~~0.00~~Trust 0214.0006 0c.00 ~~((1)~~Required ~~minus~~Payoff ~~(2))~~Amounts 4of ~~Principal~~Prepaid ~~Paid~~Contracts 303,~~286~~586,~~845~~251.5649 0d.00 ~~0.00~~Required ~~0.00~~Payoff 5Amounts ~~Total~~of ~~Distribution~~Purchased ~~Amount~~Contracts ~~31,180,965~~0.~~43 2,020,300.~~00 ~~1,744,200~~e.00 ~~765,474.32~~Proceeds ~~((2)~~of ~~plus (4))~~ Clean-~~----------------------------------------------------------------------------------------------~~up ~~DISTRIBUTION~~Call ~~CLASS~~0.00 Bf. ~~CLASS~~Investment CEarnings ~~CLASS~~on DCollection ~~TOTAL~~Account ~~OFFERED~~and ~~AMOUNTS~~Note ~~NOTES~~Distribution ~~NOTES~~Account ~~NOTES~~0.00 ~~NOTES~~ --------------~~---------------------------------------------------------------------------------~~ 1.Total ~~Interest~~Available ~~Due~~Pledged ~~87,884.70~~Revenues ~~118,697.03~~= ~~158~~$34,~~487~~441,975.5126 ~~5,789,163~~B.43 2Determination ~~Interest~~of ~~Paid~~Available ~~87,884.70~~Funds ~~118,697~~a.03 ~~158,487.51~~Total 5Available Pledged Revenues $34,~~789~~441,~~163~~975.4326 3b. ~~Interest~~Servicer ~~Shortfall~~Advances 05,450,445.0023 0c.00 ~~0.00~~Recoveries ~~0.00~~of ~~((1)~~prior ~~minus~~Servicer ~~(2))~~Advances (4 ~~Principal Paid 483~~,~~300.73 644~~380,~~400~~310.9741) ~~805,501~~d.21 ~~32,220,048.47~~Withdrawal 5from ~~Total~~Cash ~~Distribution~~Collateral ~~Amount~~Account ~~571~~261,~~185~~369.4305 ~~763,098.00~~-------------- ~~963,988.72~~Total ~~38,009,211.90~~Available ~~((2)~~Funds ~~plus~~= ~~(4))~~$35,773,479.13

Page 3 of 9 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 612,126.49 2. Class A-1 Note Interest Distribution 697,690.08 Class A-1 Note Principal Distribution 27,805,431.62 Aggregate Class A-1 distribution 28,503,121.70 3. Class A-2 Note Interest Distribution 2,020,300.00 Class A-2 Note Principal Distribution 0.00 Aggregate Class A-2 distribution 2,020,300.00 4. Class A-3 Note Interest Distribution 1,744,200.00 Class A-3 Note Principal Distribution 0.00 Aggregate Class A-3 distribution 1,744,200.00 5. Class A-4 Note Interest Distribution 765,474.32 Class A-4 Note Principal Distribution 0.00 Aggregate Class A-4 distribution 765,474.32 6. Class B Note Interest Distribution 85,085.58 Class B Note Principal Distribution 443,703.70 Aggregate Class B distribution 528,789.28 7. Class C Note Interest Distribution 114,916.55 Class C Note Principal Distribution 591,604.93 Aggregate Class C distribution 706,521.48 8. Class D Note Interest Distribution 153,439.71 Class D Note Principal Distribution 739,506.16 Aggregate Class D distribution 892,945.87 9. Deposit to the Cash Collateral Account 0.00 10. Amounts in accordance with the CCA Loan Agreement 0.00 11. To the holder of the equity certificate 0.00 Collection Account Distributions = 35,773,479.13 ============= B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 1,809,761.67 2. Payment due on the Holdback 162,479.05 3. Payment to the Depositor 0.00 ------------- Cash Collateral Account Distributions = 1,972,240.72 =============

Page 4 of 9 III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

---------------------------------------------------------------------------------------------------------------~~------~~ ~~APPLICABLE~~Distribution ~~PRINCIPAL~~Class ~~BALANCE~~A-1 ~~CLASS~~Class ~~FACTOR~~A-2 ~~PRINCIPAL~~Class ~~BALANCE CLASS FACTOR CLASS COUPON NOV~~A-003 ~~NOV-00~~Class ~~OCT~~A-004 ~~OCT-00~~Amounts ~~RATE~~Notes ~~PAYMENT~~Notes ~~DATE~~Notes ~~PAYMENT~~Notes ~~DATE PAYMENT DATE PAYMENT DATE~~ ---------------------------------------------------------------------------------------------------------------~~------~~ ~~a. Class A-~~1 ~~Notes 6~~.~~6400%~~ ~~126,088,569.36~~Interest ~~0.63044~~Due ~~156~~697,~~375,414~~690.9208 ~~0.78188 b. Class A-~~2 ~~Notes 6.8100% 356~~,~~000~~020,~~000~~300.00 1~~.00000 356~~,~~000~~744,~~000~~200.00 1765,474.~~00000~~32 c.2 ~~Class~~Interest ~~A-3~~Paid ~~Notes 6~~697,690.~~8400%~~08 ~~306~~2,~~000~~020,~~000~~300.00 1~~.00000 306~~,~~000~~744,~~000~~200.00 1765,474.~~00000~~32 d.3 ~~Class~~Interest ~~A-4~~Shortfall ~~Notes 6~~0.~~9300%~~00 ~~132,549,665~~0.00 10.~~00000~~00 ~~132,549,665~~0.00 ((1~~.00000~~) e.minus ~~Class~~(2)) B4 ~~Notes~~Principal ~~6.9500%~~Paid 1427,~~691~~805,~~035~~431.6562 0.~~92568~~00 ~~15,174,336~~0.3800 0.~~95614~~00 f.5 ~~Class~~Total CDistribution ~~Notes~~Amount ~~7.0400% 19~~28,~~588~~503,~~047~~121.5470 ~~0.92568 20~~2,~~232~~020,~~448~~300.5100 ~~0.95614 g. Class D Notes 7.5200% 24~~1,~~485~~744,~~059~~200.4200 ~~0.92568 25~~765,~~290,560~~474.6432 ~~0.95614~~((2) h.plus ~~TOTAL OFFERED NOTES 979,402,376.97 1,011,622,425.44~~(4))

--------------------------------------------------------------------------------------------------------------- ~~SCHEDULED~~Distribution ~~SCHEDULED~~Class ~~PRINCIPAL~~B ~~BALANCE~~Class ~~PRINCIPAL~~C ~~BALANCE~~Class ~~CLASS~~D ~~NOV-00~~Total ~~OCT-00~~Offered ~~PAYMENT~~Amounts ~~DATE~~Notes ~~PAYMENT~~Notes ~~DATE~~Notes Notes -------------------------------------------------------------------------------- ~~Class A~~------------------------------- 1. ~~Notes~~Interest ~~137~~Due 85,~~771~~085.58 114,~~595~~916.0055 ~~166~~153,~~872~~439.71 5,~~402~~581,106.24 2 Interest Paid 85,085.58 114,916.55 153,439.71 5,581,106.24 3 Interest Shortfall 0.00 0.00 0.00 0.00 ((1) minus (2)) 4 Principal Paid 443,703.70 591,604.93 739,506.16 29,580,246.40 5 Total Distribution Amount 528,789.28 706,521.48 892,945.87 35,161,352.64 ((2) plus (4))

IV. Information Regarding the Securities A Summary of Balance Information

------------------------------------------------------------------------------------------------------------------------------ ~~TARGET~~Applicable ~~CLASS~~Principal ~~TARGET~~Balance ~~CLASS~~Class ~~CLASS~~Factor ~~PRINCIPAL~~Principal ~~AMOUNT~~Balance ~~FLOOR~~Class ~~PRINCIPAL~~Factor ~~AMOUNT~~Class ~~FLOOR~~Coupon ~~CLASS PERCENTAGE NOV~~Dec-00 ~~NOV~~Dec-00 ~~OCT~~Nov-00 ~~OCT~~Nov-00 ~~PAYMENT~~Rate ~~DATE~~Payment ~~PAYMENT~~Date ~~DATE~~Payment ~~PAYMENT~~Date ~~DATE~~Payment ~~PAYMENT~~Date ~~DATE~~Payment Date ------------------------------------------------------------------------------------------------------------------------------ a. Class A-1 94Notes 6.006400% ~~920~~98,~~638~~283,~~234~~137.74 0.49142 126,088,569.36 ~~950~~0.63044 b. Class A-2 Notes 6.8100% 356,~~925~~000,~~079~~000.9200 1.00000 356,000,000.00 1.00000 c. Class BA-3 Notes 6.8400% 306,000,000.00 1.5000000 306,000,000.00 1.00000 d. Class A-4 Notes 6.9300% 132,549,665.00 1.00000 132,549,665.00 1.00000 e. Class B Notes 6.9500% 14,~~691~~247,~~035~~331.6596 0.0089773 1514,~~174~~691,~~336~~035.3865 0.0092568 f. Class C 2Notes 7.000400% 1918,~~588~~996,~~047~~442.5461 0.0089773 2019,~~232~~588,~~448~~047.5154 0.0092568 g. Class D 2Notes 7.505200% 23,745,553.26 0.89773 24,485,059.42 0.0092568 25h. Total Offered Notes 949,~~290~~822,~~560~~130.6457 0979,402,376.0097

Page 5 of 9 B Other Information

--------------------------------------------------------------------~~--------~~ ~~ORIGINAL~~Scheduled ~~NOV~~Scheduled Principal Balance Principal Balance Class Dec-00 ~~OCT~~Nov-00 ~~POOL~~Payment ~~PAYMENT~~Date ~~DATE~~Payment ~~PAYMENT~~Date ~~DATE~~ --------------------------------------------------------------------~~--------~~ Class A-1. a.Notes ~~Contract Pool Balance 1~~111,~~058~~006,~~031,559~~012.00 ~~979~~137,~~402~~771,~~376~~595.~~97 1,011,622,425.44 b. No of Contracts 68,399 67,990 68,188 2. Weighted Average Remaining Term 41.~~00 ~~40.0 40.8 3. Weighted Average Original Term 45.4~~

--------------------------------------------------------------------------------------------------------------------------- %Target OFClass %Target OFClass ~~AGGREGATE~~Class ~~REQUIRED~~Principal ~~PAYOFF~~Amount ~~NO.~~Floor OFPrincipal ~~AGGREGATE~~Amount ~~REQUIRED~~Floor ~~CONTRACTS~~Class ~~AMOUNT~~Percentage ~~ACCOUNTS~~Dec-00 ~~PAYOFF~~Dec-00 ~~AMOUNTS~~Nov-00 Nov-00 Payment Date Payment Date Payment Date Payment Date --------------------------------------------------------------------------------------------------------------------------- 1.Class ~~Current~~A 9294.6500% ~~93.36% 62~~892,~~996 924~~832,~~573,390~~802.~~48 31-60 days 4.~~73% ~~4.48% 3~~920,~~216 44~~638,~~340,439~~234.2836 ~~61-90~~Class ~~days~~B 1.7650% ~~1.48% 1,200~~ 14,~~652~~247,~~678~~331.2696 ~~91-120 days~~ 0.~~84%~~00 ~~0.68% 568 6~~14,~~689~~691,~~272~~035.7965 ~~120+ days~~ 0.~~01%~~00 0Class C 2.0100% ~~10 68~~18,~~429~~996,442.2961 ~~Total Delinquency 100.~~0~~% 100~~.0%00 6719,~~990 990~~588,~~324,210~~047.1054 20.00 ~~Delinquent~~Class ~~Scheduled~~D ~~Payments:~~2.50% ~~Beginning of Collection Period 13~~23,~~545~~745,~~390~~553.2926 ~~End~~0.00 ~~of Collection Period 10~~24,~~921~~485,~~833~~059.1342 ~~------------- Change in Delinquent Scheduled Payments (2,623,557~~0.~~16)~~00

V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates 979,402,376.97 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 949,822,130.57 -------------- Total monthly principal amount 29,580,246.41

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

--------------------------------------------------------~~-------------~~ ~~NOV~~Original Dec-00 ~~OCT~~Nov-00 ~~ITEM~~Pool ~~PAYMENT~~Payment ~~DATE~~Date ~~PAYMENT~~Payment ~~DATE~~Date --------------------------------------------------------~~-------------~~ 1. a. ~~Senior~~Contract ~~Loan~~Pool 13Balance 1,~~404~~058,~~656~~031,559.00 15949,~~498~~822,~~959~~130.0057 979,402,376.97 b. ~~Holdback~~No ~~Amount~~of 50Contracts 68,~~256~~399 67,~~499.00~~802 5067,~~256,499~~990 2. Weighted Average Remaining Term 41.00 39.2 40.0 3. Weighted Average Original Term 45.4

Page 6 of 9 B. DELINQUENCY INFORMATION

2. Delinquent Scheduled Payments: Beginning of Collection Period 10,921,833.13 End of Collection Period 11,991,967.95 ------------- Change in Delinquent Scheduled Payments 1,070,134.82

C. DEFAULTED CONTRACT INFORMATION 1. Required Payoff Amount on Defaulted Contracts 471,388.85 2. Liquidation Proceeds received 214.06 ---------- 3. Current Liquidation Loss Amount 471,174.79 4. Cumulative Liquidation Losses to date 854,159.44 % of Initial Contracts 0.080% % of Initial Contract Pool Balance 0.081%

VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1. Opening Cash Collateral Account 63,661,155.00 2. Deposit from the Collection Account 0.00 3. Withdrawls from the Cash Collateral Account (261,369.05) 4. Available amount 63,399,785.95 5. Required Cash Collateral Account Amount 61,738,438.00 6. Cash Collateral Account Surplus/ (Shortfall) 0.00 7 Release of Cash Collateral Surplus 1,661,347.95 8 Ending Cash Collateral Account 61,738,438.00

Page 7 of 9 B. CASH COLLATERAL ACCOUNT LOANS 1. Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 310,892.77 Total Available Funds 310,892.77 2. Distribution of Available Funds a. Senior Loan Interest 148,413.72 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 162,479.05 d. Holdback Amount Principal 0.00 e. Remainder to the Depositor 0.00 3. Distribution of CCA Surplus: a. Senior Loan Principal 1,661,347.95 b. Holdback Amount Principal 0.00 Total Distribution of Surplus 1,661,347.95 4. Summary of Balance and Rate Information Applicable Rates for the Interest Period: a. Libor Rate for the Interest Period 6.6188% b. Senior Loan Interest Rate 9.6188% c. Holdback Amount Interest Rate 11.8688%

VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 10,921,833.13 2. Current Period Servicer Advance 5,450,445.23 3. Recoveries of prior Servicer Advances -4,380,310.41 ------------ 4. Ending Servicer Advance Balance 11,991,967.95

D. OTHER RELATED INFORMATION 1. Discount Rate 7.6240% 2. Life to Date Prepayment (CPR) 7.7% 3. Life to Date Substitutions: a. Prepayments 0.00 b. Defaults 0.00

Page 8 of 9 SERVICER'S CERTIFICATE The undersigned, on behalf of Capita Corporation, in its capacity as servicer (The "Servicer") under the Pooling and Servicing Agreement, dated as of September 1, 2000 (the "Pooling and Servicing Agreement"), among CIT Equipment Collateral 2000-2, NTC Funding Company LLC, Allfirst Bank, as trustee under the Indenture, and Capita Corporation, in its individual capacity and as Servicer, DO HEREBY CERTIFY that I am a Responsible Officer of the Servicer and, pursuant to Section 9.02 of the Pooling and Servicing Agreement, I DO HEREBY FURTHER CERTIFY the following report with respect to the Payment Date occurring on 12/20/00 This Certificate shall constitute the Servicer's Certificate as required by Section 9.02 of the Pooling and Servicing Agreement with respect to the above Payment Date. Any term capitalized but not defined herein shall have the meaning ascribed thereto in the Pooling and Servicing Agreement. CAPITA CORPORATION Glenn Votek Glenn Votek Executive Vice President, and Treasurer Page 9 of 9

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