8-K 1 b311783_8k.txt CURRENT REPORT 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: May 15, 2001 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION ---------------------------------------------------------------- (Originator of the Trust referred to herein) CHASE MANHATTAN AUTO OWNER TRUST 1998-B ---------------------------------------------------------------- (Issuer) (Exact name of the registrant as specified in its charter) United States 333-36939 22-2382028 ---------------------------- ------------------------ ------------------ (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 200 White clay Center Drive, Newark, DE 19711-5466 ------------------------------------------ ------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (302) 575-5000 Item 5. Other Events: Chase Manhattan Auto Owner Trust 1998-B is the issuer of four outstanding classes of Asset Backed Notes and a single class of Asset Backed Certificates. The notes and certificates are serviced in accordance with the Sale and Servicing Agreement, dated as of April 1, 1998, as amended. The parties to the Sale and Servicing Agreement are: Chase Manhattan Bank USA, National Association ("Chase USA"), as seller and as servicer, and Chase Manhattan Owner Trust, as issuer. On May 15, 2001, Chase USA, as servicer, distributed monthly interest to the holders of the notes and certificates. Chase USA furnished a copy of the monthly statement to certificateholders for each of the series as required by the Sale and Servicing Agreement. A copy of the monthly statement to certificateholders is being filed as Exhibit 20.1 to this Current Report on Form 8-K. Item 7(c). Exhibits Exhibits Description -------- ----------- 20.1 Monthly Statement to Certificateholders with respect to the May 15, 2001 distribution. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: May 25, 2001 By: CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION as Servicer By: /s/ Patricia Garvey ------------------------------- Name: Patricia Garvey Title: Vice President INDEX TO EXHIBITS ----------------- Exhibit No. Description ----------- ----------------- 20.1 Statement to Certificateholders dated May 15, 2001 delivered pursuant to Section 5.8 of the Sale and Servicing Agreement dated as of April 1, 1998. Page 1 Chase Manhattan Auto Owner Trust 1998-B Statement to Certificateholders May 15 2001

IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Maria Inoa The Chase Manhattan Bank - Structured Finance Services 450 W. 33rd Street, 14th Floor, New York, New York 10001 Tel: (212) 946-3676 Fax: (212) 946-8552 Email: maria.inoa@chase.com (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION Page 2 Chase Manhattan Auto Owner Trust 1998-B Statement to Certificateholders May 15 2001 Due Period 37 Due Period Beginning Date 04/01/01 Due Period End Date 04/30/01 Determination Date 05/10/01 Section 5.8(iii) Servicing Fee 181,849.77 Section 5.8(iii) Servicing Fee per $1000 0.16738685 Section 5.8(iv) Administration Fee 1,000.00 Section 5.8(iv) Administration Fee per $1000 0.00092047 Section 5.8(vi) Pool Balance at the end of the Collection Period 203,383,618.05 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 65,375.32 TOTAL 65,375.32 Section 5.8(viii) Realized Net Losses for Collection Period 121,956.74 Section 5.8(ix) Reserve Account Balance after Disbursement 8,148,031.07 Section 5.8(x) Specified Reserve Account Balance 8,148,031.07 Section 5.8(xi) Total Distribution Amount 16,414,678.77 Servicing Fee 181,849.77 Administration Fee 1,000.00 Noteholders Distribution Amount 15,733,241.95 Certficateholders Distribution Amount 164,379.22 Deposit to Reserve Account 334,207.83

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