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-Jan-01 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 1 of 8 ITEM 5. OTHER CIT EQUIPMENT COLLATERAL 2000-2 MONTHLY SERVICING REPORT

~~Determination~~DETERMINATION ~~Date~~DATE: 1201/18/0001 ~~Collection~~COLLECTION ~~Period~~PERIOD: 1112/3031/00 ~~Payment~~PAYMENT ~~Date~~DATE: 1201/2022/0001 I. AVAILABLE FUNDS A. ~~Available~~AVAILABLE ~~Pledged~~PLEDGED ~~Revenues~~REVENUES a. Scheduled Payments Received $30 31,~~855~~898,~~509~~762.7112 b. Liquidation Proceeds Allocated to Owner Trust ~~214~~55,769.0631 c. Required Payoff Amounts of Prepaid Contracts 32,~~586~~631,~~251~~618.4957 d. Required Payoff Amounts of Purchased Contracts 04,955.0092 e. Proceeds of Clean-up Call 0.00 f. Investment Earnings on Collection Account and Note Distribution Account 0.00 ----------------- ~~Total~~TOTAL ~~Available~~AVAILABLE ~~Pledged~~PLEDGED ~~Revenues~~REVENUES = $ 34,~~441~~591,~~975~~105.2692 B. ~~Determination~~DETERMINATION ofOF ~~Available~~AVAILABLE ~~Funds~~FUNDS a. Total Available Pledged Revenues $ 34,~~441~~591,~~975~~105.2692 b. Servicer Advances 5,~~450~~744,~~445~~709.2339 c. Recoveries of prior Servicer Advances (4,~~380~~191,~~310~~316.4187) d. Withdrawal from Cash Collateral Account ~~261~~264,~~369~~571.0568 ----------------- ~~Total~~TOTAL ~~Available~~AVAILABLE ~~Funds~~FUNDS = $35 36,~~773~~409,~~479~~070.1312

Page 2 of 8 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 593,638.83 2. Class A-1 Note Interest Distribution 598,216.70 Class A-1 Note Principal Distribution 28,523,804.81 Aggregate Class A-1 distribution 29,122,021.51 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 82,515.80 Class B Note Principal Distribution 455,167.10 Aggregate Class B distribution 537,682.90 7. Class C Note Interest Distribution 111,445.80 Class C Note Principal Distribution 606,889.46 Aggregate Class C distribution 718,335.26 8. Class D Note Interest Distribution 148,805.47 Class D Note Principal Distribution 758,611.83 Aggregate Class D distribution 907,417.30 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 = 36,409,070.12 ====================== B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 1,872,219.33 2. Payment due on the Holdback 169,157.08 3. Payment to the Depositor 0.00 ---------------------- CASH COLLATERAL ACCOUNT DISTRIBUTIONS = 2,041,376.41 ======================

Page 3 of 8 III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

------------------------------------------------------------------------------------------------------------------ ~~Distribution~~DISTRIBUTION ~~Class~~CLASS A-1 ~~Class~~CLASS A-2 ~~Class~~CLASS A-3 ~~Class~~CLASS A-4 ~~Amounts~~AMOUNTS ~~Notes~~NOTES ~~Notes~~NOTES ~~Notes~~NOTES ~~Notes~~NOTES ------------------------------------------------------------------------------------------------------------------ 1. Interest Due ~~697~~598,~~690~~216.0870 2,020,300.00 1,744,200.00 765,474.32 2. Interest Paid ~~697~~598,~~690~~216.0870 2,020,300.00 1,744,200.00 765,474.32 3. Interest Shortfall 0.00 0.00 0.00 0.00 ((1) minus (2)) 4. Principal Paid 2728,~~805~~523,~~431~~804.6281 0.00 0.00 0.00 5. Total Distribution Amount 2829,~~503~~122,~~121~~021.7051 2,020,300.00 1,744,200.00 765,474.32 ((2) plus (4))

------------------------------------------------------------------------------------------------------------------ ~~Distribution~~DISTRIBUTION ~~Class~~CLASS B ~~Class~~CLASS C ~~Class~~CLASS D ~~Total~~TOTAL ~~Offered~~OFFERED ~~Amounts~~AMOUNTS ~~Notes~~NOTES ~~Notes~~NOTES ~~Notes~~NOTES ~~Notes~~NOTES ------------------------------------------------------------------------------------------------------------------ 1. Interest Due 8582,~~085~~515.5880 ~~114~~111,~~916~~445.5580 ~~153~~148,~~439~~805.7147 5,~~581~~470,~~106~~958.2409 2. Interest Paid 8582,~~085~~515.5880 ~~114~~111,~~916~~445.5580 ~~153~~148,~~439~~805.7147 5,~~581~~470,~~106~~958.2409 3. Interest Shortfall 0.00 0.00 0.00 0.00 ((1) minus (2)) 4. Principal Paid ~~443~~455,~~703~~167.7010 ~~591~~606,~~604~~889.9346 ~~739~~758,~~506~~611.1683 2930,~~580~~344,~~246~~473.4020 5. Total Distribution Amount ~~528~~537,~~789~~682.2890 ~~706~~718,~~521~~335.4826 ~~892~~907,~~945~~417.8730 35,~~161~~815,~~352~~431.6429 ((2) plus (4))

IV. INFORMATION REGARDING THE SECURITIES A SUMMARY OF BALANCE INFORMATION

-------------------------------------------------------------------------------------------------------------------~~-----------~~ ~~Applicable~~APPLICABLE ~~Principal~~PRINCIPAL ~~Balance~~BALANCE ~~Class~~CLASS ~~Factor~~FACTOR ~~Principal~~PRINCIPAL ~~Balance~~BALANCE ~~Class~~CLASS ~~Factor~~FACTOR ~~Class~~CLASS ~~Coupon~~COUPON ~~Dec~~JAN-0001 ~~Dec~~JAN-0001 ~~Nov~~DEC-00 ~~Nov~~DEC-00 ~~Rate~~RATE ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE -------------------------------------------------------------------------------------------------------------------~~-----------~~ a. Class A-1 Notes 6.6400% 9869,~~283~~759,~~137~~332.7493 0.~~49142~~34880 ~~126~~98,~~088~~283,~~569~~137.3674 0.~~63044~~49142 b. Class A-2 Notes 6.8100% 356,000,000.00 1.00000 356,000,000.00 1.00000 c. Class A-3 Notes 6.8400% 306,000,000.00 1.00000 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% 1413,~~247~~792,~~331~~164.9686 0.~~89773~~86905 14,~~691~~247,~~035~~331.6596 0.~~92568~~89773 f. Class C Notes 7.0400% 18,~~996~~389,~~442~~553.6115 0.~~89773~~86905 1918,~~588~~996,~~047~~442.5461 0.~~92568~~89773 g. Class D Notes 7.5200% 2322,~~745~~986,~~553~~941.2643 0.~~89773~~86905 2423,~~485~~745,~~059~~553.4226 0.~~92568~~89773 h. ~~Total~~TOTAL ~~Offered~~OFFERED ~~Notes~~NOTES ~~949~~919,~~822~~477,~~130~~657.5737 ~~979~~949,~~402~~822,~~376~~130.9757

Page 4 of 8 B OTHER INFORMATION

-------------------------------------------------------------------- ~~Scheduled~~SCHEDULED ~~Scheduled~~SCHEDULED ~~Principal~~PRINCIPAL ~~Balance~~BALANCE ~~Principal~~PRINCIPAL ~~Balance~~BALANCE ~~Class~~CLASS ~~Dec~~JAN-0001 ~~Nov~~DEC-00 ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE -------------------------------------------------------------------- Class A-1 Notes ~~111~~81,~~006~~744,~~012~~124.00 ~~137~~111,~~771~~006,~~595~~012.00

-----------------------------------------------------------------------------------------------------------------------~~----~~ ~~Target~~TARGET ~~Class~~CLASS ~~Target~~TARGET ~~Class~~CLASS ~~Class~~CLASS ~~Principal~~PRINCIPAL ~~Amount~~AMOUNT ~~Floor~~FLOOR ~~Principal~~PRINCIPAL ~~Amount~~AMOUNT ~~Floor~~FLOOR ~~Class~~CLASS ~~Percentage~~PERCENTAGE ~~Dec~~JAN-0001 ~~Dec~~JAN-0001 ~~Nov~~DEC-00 ~~Nov~~DEC-00 ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE -----------------------------------------------------------------------------------------------------------------------~~----~~ Class A 94.00% 864,308,997.93 892,832,802.73 ~~920,638,234.36~~ Class B 1.50% 1413,~~247~~792,~~331~~164.9686 0.00 14,~~691~~247,~~035~~331.6596 0.00 Class C 2.00% 18,~~996~~389,~~442~~553.6115 0.00 1918,~~588~~996,~~047~~442.5461 0.00 Class D 2.50% 2322,~~745~~986,~~553~~941.2643 0.00 2423,~~485~~745,~~059~~553.4226 0.00

V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates 949,822,130.57 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 919,477,657.37 ------------------------ Total monthly principal amount 30,344,473.20

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

----------------------------------------------------------------- ~~Original~~ORIGINAL ~~Dec~~JAN-0001 ~~Nov~~DEC-00 ~~Pool~~POOL ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ----------------------------------------------------------------- 1. a. Contract Pool Balance 1,058,031,559.00 919,477,657.37 949,822,130.57 ~~979,402,376.97~~ b. No. of Contracts 68,399 67,~~802~~572 67,~~990~~802 2. Weighted Average Remaining Term 41.00 38.5 39.2 ~~40.0~~ 3. Weighted Average Original Term 45.4

Page 5 of 8 B. DELINQUENCY INFORMATION

---------------------------------------------------------------------- % ofOF ~~Aggregate~~AGGREGATE % ofOF ~~Required~~REQUIRED ~~Payoff~~PAYOFF NoNO. OfOF ~~Aggregate~~AGGREGATE ~~Required~~REQUIRED ~~Contracts~~CONTRACTS ~~Amount~~AMOUNT ~~Accounts~~ACCOUNTS ~~Payoff~~PAYOFF ~~Amounts~~AMOUNTS ---------------------------------------------------------------------- 1. Current 9291.3712% 92.6739% 6261,~~630~~569 ~~891~~862,~~337~~014,~~994~~918.0319 31-60 days 45.1908% 4.3929% 23,~~842~~435 4240,~~185~~042,~~498~~735.6228 61-90 days 1.8262% 1.6343% 1,~~234~~096 1513,~~643~~348,~~494~~674.7492 91-120 days 1.0503% 0.8086% ~~709~~693 78,~~691~~046,~~398~~591.6589 120+ days 01.5715% 01.5203% ~~387~~779 49,~~955~~570,~~712~~097.4856 Total Delinquency 100.0% 100.0% 67,~~802~~572 ~~961~~933,~~814~~023,~~098~~017.84 2. Delinquent Scheduled Payments: Beginning of Collection Period 11,991,967.95 End of Collection Period 13,545,360.47 ------------- Change in Delinquent Scheduled Payments 1,553,392.52 C. DEFAULTED CONTRACT INFORMATION 1. Required Payoff Amount on Defaulted Contracts 433,163.43 2. Liquidation Proceeds received 55,769.31 ------------ 3. Current Liquidation Loss Amount 377,394.12 4. Cumulative Liquidation Losses to date 1,231,553.56 % of Initial Contracts 0.124% % of Initial Contract Pool Balance 0.116%

VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1. Opening Cash Collateral Account 61,738,438.00 2. Deposit from the Collection Account 0.00 3. Withdrawals from the Cash Collateral Account (264,571.68) 4. Available amount 61,473,866.32 5. Required Cash Collateral Account Amount 59,766,047.73 6. Cash Collateral Account Surplus/(Shortfall) 0.00 7. Release of Cash Collateral Surplus 1,707,818.59 8. Ending Cash Collateral Account 59,766,047.73

Page 6 of 8 B. CASH COLLATERAL ACCOUNT LOANS 1. Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 333,557.82 Total Available Funds 333,557.82 2. Distribution of Available Funds a. Senior Loan Interest 164,400.74 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 169,157.08 d. Holdback Amount Principal 0.00 e. Remainder to the Depositor 0.00 3. Distribution of CCA Surplus: a. Senior Loan Principal 1,707,818.59 b. Holdback Amount Principal 0.00 Total Distribution of Surplus 1,707,818.59 4. Summary of Balance and Rate Information Applicable Rates for the Interest Period: a. Libor Rate for the Interest Period 6.6863% b. Senior Loan Interest Rate 9.6863% c. Holdback Amount Interest Rate 11.9363%

----------------------------------------------------------~~-------------------------------------~~ ~~Dec~~JAN-0001 ~~Nov~~DEC-00 ~~Item~~ITEM ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ----------------------------------------------------------~~-------------------------------------~~ a. Senior Loan 10,035,489.46 11,743,308.05 ~~13,404,656.00~~ b. Holdback Amount 50,256,499.00 50,256,499.00

VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 11,991,967.95 2. Current Period Servicer Advance 5,744,709.39 3. Recoveries of prior Servicer Advances -4,191,316.87 ------------------- 4. Ending Servicer Advance Balance 13,545,360.47 D. OTHER RELATED INFORMATION 1. Discount Rate 7.6240% 2. Life to Date Prepayment (CPR) 6.3% 3. Life to Date Substitutions: a. Prepayments 0.00 b. Defaults 0.00

Page 7 of 8 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 8 of 8

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