Document:

<PAGE>

                                                                     EXHIBIT 4.4

                              TRANSFER AGREEMENT

                                    between

                     CONSECO FINANCE SECURITIZATIONS CORP.
                                   Purchaser

                                      and

                             CONSECO FINANCE CORP.
                                    Seller

                                 dated as of

                                 June 1, 2000

            CONSECO FINANCE RECREATIONAL ENTHUSIAST CONSUMER 2000-A
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                          Page
                                                                                          ----
<S>                                                                                       <C>
ARTICLE I      DEFINITIONS............................................................       1
     SECTION 1.1.     General.........................................................       1
     SECTION 1.2.     Specific Terms..................................................       1
     SECTION 1.3.     Usage of Terms..................................................       3
     SECTION 1.4.     No Recourse.....................................................       3

ARTICLE II     CONVEYANCE OF THE INITIAL CONTRACTS AND THE INITIAL
               COLLATERAL SECURITY....................................................       3
     SECTION 2.1.     Conveyance of the Initial Contracts and the Initial
                      Collateral Security.............................................       3
     SECTION 2.2.     Purchase Price of Initial Contracts.............................       4
     SECTION 2.3.     Conveyance of Subsequent Contracts and Subsequent
                      Collateral Security.............................................       4

ARTICLE III    REPRESENTATIONS AND WARRANTIES.........................................       5
     SECTION 3.1.     Representations and Warranties of Seller........................       5
     SECTION 3.2.     Representations and Warranties of CFSC..........................       7

ARTICLE IV     COVENANTS OF THE SELLER................................................       9
     SECTION 4.1.     Transfer of Contracts...........................................       9
     SECTION 4.2.     Costs and Expenses..............................................       9
     SECTION 4.3.     Indemnification.................................................       9
     SECTION 4.4.     Financial Statement Disclosure..................................      10

ARTICLE V      REPURCHASES............................................................      10
     SECTION 5.1.     Repurchase of Contracts Upon Breach of Warranty.................      10
     SECTION 5.2.     Reassignment of Purchased Contracts.............................      10
     SECTION 5.3.     Waivers.........................................................      11

ARTICLE VI     MISCELLANEOUS..........................................................      11
     SECTION 6.1.     Liability of Seller.............................................      11
     SECTION 6.2.     Merger or Consolidation of Seller or CFSC.......................      11
     SECTION 6.3.     Limitation on Liability of Seller and Others....................      12
     SECTION 6.4.     Amendment.......................................................      12
     SECTION 6.5.     Notices.........................................................      13
     SECTION 6.6.     Merger and Integration..........................................      13
     SECTION 6.7.     Severability of Provisions......................................      13
     SECTION 6.8.     Intention of the Parties........................................      13
     SECTION 6.9.     Governing Law...................................................      14
     SECTION 6.10.    Counterparts....................................................      14
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<S>                                                                                         <C>
     SECTION 6.11.    Conveyance of the Initial Contracts and the Initial Collateral
                      Security to the Trust...........................................      14
     SECTION 6.12.    Nonpetition Covenant............................................      14
</TABLE>

                                     -ii-
<PAGE>

                                  SCHEDULES

Schedule A  --  Schedule of Initial Contracts

                                   EXHIBITS

Exhibit A  -- Form of Subsequent Transfer Agreement

                                     -iii-
<PAGE>

                              TRANSFER AGREEMENT
                              ------------------

          THIS TRANSFER AGREEMENT, dated as of June 1, 2000, executed between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller
("Seller").

                             W I T N E S S E T H:
                             - - - - - - - - - -

          WHEREAS, CFSC has agreed to purchase from Seller and Seller, pursuant
to this Agreement, is transferring to CFSC the certain retail installment sales
contracts and promissory notes for the purchase of commercial trucks and
trailers (collectively, the "Products") specified in the Schedule of Initial
Contracts attached hereto as Schedule A (the "Initial Contracts") and the
Initial Collateral Security; and

          WHEREAS, CFSC has agreed to purchase from Seller and Seller has agreed
to transfer to CFSC the Subsequent Contracts and Subsequent Collateral Security
in an amount set forth herein, prior to February 1, 2000.

          NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, and for other good and valuable consideration,
the receipt of which is acknowledged, CFSC and Seller, intending to be legally
bound, hereby agree as follows:

                                  ARTICLE I
                                 DEFINITIONS

          SECTION 1.1. General. The specific terms defined in this Article
                       -------
include the plural as well as the singular. The words "herein," "hereof" and
"hereunder" and other words of similar import refer to this Agreement as a whole
and not to any particular Article, Section or other subdivision, and Article,
Section, Schedule and Exhibit references, unless otherwise specified, refer to
Articles and Sections of and Schedules and Exhibits to this Agreement.
Capitalized terms used herein without definition shall have the respective
meanings assigned to such terms in the Sale and Servicing Agreement, dated as of
June 1, 2000, by and among Conseco Finance Securitizations Corp. (as Seller),
Conseco Finance Corp. (as Originator and Servicer), and Conseco Finance
Recreational Enthusiast Consumer 2000-A (as Issuer) (the "Trust").

          SECTION 1.2. Specific Terms. Whenever used in this Agreement, the
                       --------------
following words and phrases, unless the context otherwise requires, shall have
the following meanings:

          "Agreement" shall mean this Transfer Agreement and all amendments
           ---------
hereof and supplements hereto.

          "Closing Date" means June 29, 2000.
           ------------
<PAGE>

          "Indenture Trustee" means U.S. Bank Trust National Association, a
           -----------------
national banking association organized under the laws of the United States, as
Indenture Trustee under the Indenture and not in its individual capacity, or any
successor Indenture Trustee under the Indenture.

          "Initial Collateral Security" means, with respect to any Initial
           ---------------------------
Contract, (i) the security interests, if any, granted by or on behalf of the
related Obligor with respect thereto, including a first priority perfected
security interest in the related Product, (ii) all other security interests or
liens and property subject thereto from time to time purporting to secure
payment of such Contract, whether pursuant to the agreement giving rise to such
Contract or otherwise, together with all financing statements signed by the
Obligor describing any collateral securing such Contract, (iii) all security
agreements granting a security interest in the related Product and all
guarantees, insurance and other agreements or arrangements of whatever character
from time to time supporting or securing payment of such Contract whether
pursuant to the agreement giving rise to such Contract or otherwise, and (iv)
all records in respect of such Contract.

          "Initial Contracts" means the Contracts listed on the Schedule of
           -----------------
Initial Contracts attached hereto as Schedule A.

          "Collateral Security" means the Initial Collateral Security conveyed
           -------------------
by Seller to CFSC pursuant to this Agreement together with any and all
Subsequent Collateral Security conveyed by Seller to CFSC pursuant to each
Subsequent Transfer Agreement.

          "Owner Trustee" means Wilmington Trust Company, a Delaware banking
           -------------
corporation, not in its individual capacity but solely as trustee of the Trust,
and any successor trustee appointed and acting pursuant to the Trust Agreement.

          "Related Documents" means the Notes, the Certificates, the Sale and
           -----------------
Servicing Agreement, the Trust Agreement, the Indenture, each Subsequent
Transfer Agreement, the Note Purchase Agreements and the Underwriting Agreement
among Seller, CFSC and the underwriter of the Notes. The Related Documents to be
executed by any party are referred to herein as "such party's Related
Documents," "its Related Documents" or by a similar expression.

          "Repurchase Event" means the occurrence of a breach of any of Seller's
           ----------------
representations and warranties hereunder or under any Subsequent Transfer
Agreement or any other event which requires the repurchase of a Contract by
Seller under the Sale and Servicing Agreement.

          "Sale and Servicing Agreement" means the Sale and Servicing Agreement,
           ----------------------------
dated as of June 29, 2000, executed and delivered by Conseco Finance Corp., as
Originator and Servicer, Conseco Finance Securitizations Corp., as Seller, and
the Trust.

          "Schedule of Initial Contracts" means the schedule of all Contracts
           -----------------------------
sold and transferred pursuant to this Agreement which is attached hereto as
Schedule A.

                                      -2-
<PAGE>

          "Schedule of Contracts" means the Schedule of Initial Contracts
           ---------------------
attached hereto as Schedule A as supplemented by each Schedule of Subsequent
Contracts attached to each Subsequent Transfer Agreement as Schedule A.

          "Schedule of Subsequent Contracts" means the schedule of all Contracts
           --------------------------------
sold and transferred pursuant to a Subsequent Transfer Agreement which is
attached to such Subsequent Transfer Agreement as Schedule A, which Schedule of
Subsequent Contracts shall supplement the Schedule of Initial Contracts.

          "Subsequent Contracts" means the Contracts specified in the Schedule
           --------------------
of Subsequent Contracts attached as Schedule A to each Subsequent Transfer
Agreement.

          "Subsequent Collateral Security" means the Subsequent Collateral
           ------------------------------
Security conveyed by Seller to CFSC pursuant to each Subsequent Transfer
Agreement.

          "Subsequent Transfer Agreement" has the meaning assigned in Section
           -----------------------------
2.3(b)(iii).

          "Trust" means the trust created by the Trust Agreement, the estate of
           -----
which consists of the Trust Property.

          "Trust Property" means the property and proceeds of every description
           --------------
conveyed by CFSC to the Trust pursuant to the Sale and Servicing Agreement and
pursuant to any Subsequent Transfer Agreement, together with the Trust Accounts
(including all Eligible Investments therein and all proceeds therefrom).

          SECTION 1.3. Usage of Terms. With respect to all terms used in this
                       --------------
Agreement, the singular includes the plural and the plural the singular; words
importing any gender include the other gender; references to "writing" include
printing, typing, lithography, and other means of reproducing words in a visible
form; references to agreements and other contractual instruments include all
subsequent amendments thereto or changes therein entered into in accordance with
their respective terms and not prohibited by this Agreement, or the Sale and
Servicing Agreement, the Trust Agreement or the Indenture; references to Persons
include their permitted successors and assigns; and the terms "include" or
"including" mean "include without limitation" or "including without limitation."

          SECTION 1.4. No Recourse. Without limiting the obligations of Seller
                       -----------
hereunder, no recourse may be taken, directly or indirectly, under this
Agreement or any certificate or other writing delivered in connection herewith
or therewith, against any stockholder, officer or director, as such, of Seller,
or of any predecessor or successor of Seller.

                                      -3-
<PAGE>

                                  ARTICLE II
                      CONVEYANCE OF THE INITIAL CONTRACTS
                      AND THE INITIAL COLLATERAL SECURITY

          SECTION 2.1. Conveyance of the Initial Contracts and the Initial
                       ---------------------------------------------------
Collateral Security. Subject to the terms and conditions of this Agreement
-------------------
Seller hereby sells, transfers, assigns, and otherwise conveys to CFSC without
recourse (but without limitation of its obligations in this Agreement or in the
Sale and Servicing Agreement), and CFSC hereby purchases, all right, title and
interest of Seller in and to the Initial Contracts and the Initial Collateral
Security. It is the intention of Seller and CFSC that the transfer and
assignment contemplated by this Agreement shall constitute a sale of the Initial
Contracts and the Initial Collateral Security from Seller to CFSC, conveying
good title thereto free and clear of any Liens, and the Initial Contracts and
the Initial Collateral Security shall not be part of Seller's estate in the
event of the filing of a bankruptcy petition by or against Seller under any
bankruptcy or similar law.

          SECTION 2.2. Purchase Price of Initial Contracts. Simultaneously with
                       -----------------------------------
the conveyance of the Initial Contracts and the Initial Collateral Security to
CFSC, CFSC has paid or caused to be paid to or upon the order of Seller
approximately $273,340,938.71 by wire transfer of immediately available funds
(representing the proceeds to CFSC from the sale of the Initial Contracts after
(i) deducting expenses of $425,000 incurred by CFSC in connection with such
sale and (ii) depositing the Pre-Funded Amount in the Pre-Funding Account).

          SECTION 2.3. Conveyance of Subsequent Contracts and Subsequent
                       -------------------------------------------------
Collateral Security.
-------------------

          (a)    Subject to the conditions set forth in paragraph (b) below and
the terms and conditions in the related Subsequent Transfer Agreement, in
consideration of CFSC's delivery on the related Subsequent Transfer Date to or
upon the order of Seller of an amount equal to the purchase price of the
Subsequent Contracts (as set forth in the related Subsequent Transfer
Agreement), Seller hereby agrees to sell, transfer, assign, and otherwise convey
to CFSC without recourse (but without limitation of its obligations in this
Agreement and the related Subsequent Transfer Agreement), and CFSC hereby agrees
to purchase all right, title and interest of Seller in and to the Subsequent
Contracts and the Subsequent Collateral Security described in the related
Subsequent Transfer Agreement.

          (b)    the Seller shall transfer to CFSC, and CFSC shall acquire, the
Subsequent Contracts and the Subsequent Collateral Security to be transferred on
any Subsequent Transfer Date only upon the satisfaction of each of the following
conditions on or prior to such Subsequent Transfer Date:

          (i)    the Seller shall have provided the Owner Trustee and the
     Indenture Trustee with an Addition Notice at least five Business Days prior
     to the Subsequent Transfer Date and shall have provided any information
     reasonably requested by the Indenture Trustee or the Owner Trustee with
     respect to the Subsequent Contracts;

                                      -4-
<PAGE>

          (ii)   the Seller shall have delivered to CFSC a duly executed
     Subsequent Transfer Agreement substantially in the form of Exhibit A hereto
     (the "Subsequent Transfer Agreement"), which shall include a List of
     Contracts identifying the related Subsequent Contracts;

          (iii)  as of each Subsequent Transfer Date, as evidenced by delivery
     of the Subsequent Transfer Agreement, neither the Seller nor CFSC shall be
     insolvent nor shall they have been made insolvent by such transfer nor
     shall they be aware of any pending insolvency;

          (iv)   such transfer shall not result in a material adverse tax
     consequence to the Trust, the Noteholders or the Certificateholders;

          (v)    the Pre-Funding Period shall not have ended;

          (vi)   the Seller shall have delivered to CFSC an Officer's
     Certificate, substantially in the form attached to the Sale and Servicing
     Agreement as Exhibit F, confirming the satisfaction of each condition
     precedent and the representations specified in this Section 2.3 and in
     Sections 3.01, 3.02, 3.03 and 3.06 of the Sale and Servicing Agreement;

          (vii)  the Seller and CFSC shall have delivered to the Trustee
     Opinions of Counsel addressed to S&P, Moody's, the Owner Trustee and the
     Indenture Trustee with respect to the transfer of the Subsequent Contracts
     substantially in the form of the Opinions of Counsel delivered on the
     Closing Date regarding certain bankruptcy, corporate and tax matters;

          (viii) each of the representations and warranties contained in Section
     3.03 of the Sale and Servicing Agreement shall be true and correct.

          (c)    Seller covenants to transfer to CFSC pursuant to paragraph (a)
above Subsequent Contracts with an aggregate Principal Balance approximately
equal to $22,677,397.69; provided, however, that the sole remedy of CFSC with
                         --------  -------
respect to a failure of such covenant shall be to enforce the provisions of
Section 6.06 of the Sale and Servicing Agreement.

                                  ARTICLE III
                        REPRESENTATIONS AND WARRANTIES

          SECTION 3.1. Representations and Warranties of Seller. Seller makes
                       ----------------------------------------
the following representations and warranties, on which CFSC relies in purchasing
the Initial Contracts and the Initial Collateral Security and in transferring
the Initial Contracts and the Initial Collateral Security to the Trust under the
Sale and Servicing Agreement. Such representations are made as of the execution
and delivery of this Agreement, but shall survive the sale, transfer and
assignment of the Initial Contracts and the Initial Collateral Security
hereunder and the sale, transfer and assignment thereof by CFSC to the Trust
under the Sale and Servicing Agreement and the pledge thereof by the Trust to
the Indenture Trustee under the Indenture. Seller and CFSC agree that CFSC will
assign to the Trust all of CFSC's

                                      -5-
<PAGE>

rights under this Agreement and that the Trust will thereafter be entitled to
enforce this Agreement against Seller in the Trust's own name.

          (a)    Representations Regarding Contracts. The representations and
                 -----------------------------------
     warranties set forth in Sections 3.02, 3.03 and 3.04 of the Sale and
     Servicing Agreement are true and correct.

          (b)    Organization and Good Standing. The Seller has been duly
                 ------------------------------
     organized and is validly existing as a corporation in good standing under
     the laws of the State of Delaware, with power and authority to own its
     properties and to conduct its business as such properties are currently
     owned and such business is currently conducted, and had at all relevant
     times, and now has, power, authority and legal right to acquire, own and
     sell the Initial Contracts and the Initial Collateral Security transferred
     to CFSC.

          (c)    Due Qualification. The Seller is duly qualified to do business
                 -----------------
     as a foreign corporation in good standing, and has obtained all necessary
     licenses and approvals, in all jurisdictions in which the ownership or
     lease of its property or the conduct of its business requires such
     qualification.

          (d)    Power and Authority. The Seller has the power and authority to
                 -------------------
     execute and deliver this Agreement and its Related Documents and to carry
     out its terms and their terms, respectively; Seller has full power and
     authority to sell and assign the Initial Contracts and the Initial
     Collateral Security to be sold and assigned to and deposited with CFSC
     hereunder and has duly authorized such sale and assignment to CFSC by all
     necessary corporate action; and the execution, delivery and performance of
     this Agreement and Seller's Related Documents have been duly authorized by
     Seller by all necessary corporate action.

          (e)    Valid Sale; Binding Obligations. This Agreement and Seller's
                 -------------------------------
     Related Documents have been duly executed and delivered, shall effect a
     valid sale, transfer and assignment of the Initial Contracts and the
     Initial Collateral Security, enforceable against Seller and creditors of
     and purchasers from Seller; and this Agreement and Seller's Related
     Documents constitute legal, valid and binding obligations of Seller
     enforceable in accordance with their respective terms, except as
     enforceability may be limited by bankruptcy, insolvency, reorganization or
     other similar laws affecting the enforcement of creditors' rights generally
     and by equitable limitations on the availability of specific remedies,
     regardless of whether such enforceability is considered in a proceeding in
     equity or at law.

          (f)    No Violation. The consummation of the transactions contemplated
                 ------------
     by this Agreement and the Related Documents and the fulfillment of the
     terms of this Agreement and the Related Documents shall not conflict with,
     result in any breach of any of the terms and provisions of or constitute
     (with or without notice, lapse of time or both) a default under, the
     certificate of incorporation or bylaws of Seller, or any indenture,
     agreement, mortgage, deed of trust or other instrument to which Seller is a
     party or by which it is bound, or result in the creation or imposition of
     any Lien upon any of its properties pursuant to the terms of any such

                                      -6-
<PAGE>

     indenture, agreement, mortgage, deed of trust or other instrument, other
     than this Agreement and the Sale and Servicing Agreement and the Indenture,
     or violate any law, order, rule or regulation applicable to Seller of any
     court or of any federal or state regulatory body, administrative agency or
     other governmental instrumentality having jurisdiction over Seller or any
     of its properties.

          (g)    No Proceedings. There are no proceedings or investigations
                 --------------
     pending or, to Seller's knowledge, threatened against Seller, before any
     court, regulatory body, administrative agency or other tribunal or
     governmental instrumentality having jurisdiction over Seller or its
     properties (i) asserting the invalidity of this Agreement or any of the
     Related Documents, (ii) seeking to prevent the issuance of the Notes or the
     Certificates or the consummation of any of the transactions contemplated by
     this Agreement or any of the Related Documents, (iii) seeking any
     determination or ruling that might materially and adversely affect the
     performance by Seller of its obligations under, or the validity or
     enforceability of, this Agreement or any of the Related Documents or (iv)
     seeking to affect adversely the federal income tax or other federal, state
     or local tax attributes of, or seeking to impose any excise, franchise,
     transfer or similar tax upon, the transfer and acquisition of the Initial
     Contracts and the Initial Collateral Security hereunder or under the Sale
     and Servicing Agreement or pledged under the Indenture.

          (h)    Chief Executive Office. The chief executive office of Seller is
                 ----------------------
     located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul,
     Minnesota 55102-1639.

          SECTION 3.2. Representations and Warranties of CFSC. CFSC makes the
                       --------------------------------------
following representations and warranties, on which Seller relies in selling,
assigning, transferring and conveying the Initial Contracts and the Initial
Collateral Security to CFSC hereunder. Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Initial Contracts and the Initial Collateral Security
hereunder and the sale, transfer and assignment thereof by CFSC to the Trust
under the Sale and Servicing Agreement and the pledge thereof under the
Indenture.

          (a)    Organization and Good Standing. CFSC has been duly organized
                 ------------------------------
     and is validly existing and in good standing as a corporation under the
     laws of the State of Minnesota, with the power and authority to own its
     properties and to conduct its business as such properties are currently
     owned and such business is currently conducted, and had at all relevant
     times, and has, full power, authority and legal right to acquire and own
     the Initial Contracts and the Initial Collateral Security and to transfer
     the Initial Contracts and the Initial Collateral Security to the Trust
     pursuant to the Sale and Servicing Agreement.

          (b)    Due Qualification. CFSC is duly qualified to do business as a
                 -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals in all jurisdictions where the failure to do so
     would materially and adversely affect (i) CFSC's ability to acquire the
     Initial Contracts or the Initial Collateral Security, (ii) the validity or
     enforceability

                                      -7-
<PAGE>

     of the Initial Contracts and the Initial Collateral Security or (iii)
     CFSC's ability to perform its obligations hereunder and under the Related
     Documents.

          (c)    Power and Authority. CFSC has the power, authority and legal
                 -------------------
     right to execute and deliver this Agreement and its Related Documents and
     to carry out the terms hereof and thereof and to acquire the Initial
     Contracts and the Initial Collateral Security hereunder; and the execution,
     delivery and performance of this Agreement and its Related Documents and
     all of the documents required pursuant hereto or thereto have been duly
     authorized by CFSC by all necessary action.

          (d)    No Consent Required. CFSC is not required to obtain the consent
                 -------------------
     of any other Person, or any consent, license, approval or authorization or
     registration or declaration with, any governmental authority, bureau or
     agency in connection with the execution, delivery or performance of this
     Agreement and the Related Documents, except for such as have been obtained,
     effected or made.

          (e)    Binding Obligation. This Agreement and each of its Related
                 ------------------
     Documents constitutes a legal, valid and binding obligation of CFSC,
     enforceable against CFSC in accordance with its terms, subject, as to
     enforceability, to applicable bankruptcy, insolvency, reorganization,
     conservatorship, receivership, liquidation and other similar laws and to
     general equitable principles.

          (f)    No Violation. The execution, delivery and performance by CFSC
                 ------------
     of this Agreement, the consummation of the transactions contemplated by
     this Agreement and the Related Documents and the fulfillment of the terms
     of this Agreement and the Related Documents do not and will not conflict
     with, result in any breach of any of the terms and provisions of or
     constitute (with or without notice or lapse of time) a default under the
     articles of incorporation or bylaws of CFSC, or conflict with or breach any
     of the terms or provisions of, or constitute (with or without notice or
     lapse of time) a default under, any indenture, agreement, mortgage, deed of
     trust or other instrument to which CFSC is a party or by which CFSC is
     bound or to which any of its properties are subject, or result in the
     creation or imposition of any Lien upon any of its properties pursuant to
     the terms of any such indenture, agreement, mortgage, deed of trust or
     other instrument (other than the Sale and Servicing Agreement and the
     Indenture), or violate any law, order, rule or regulation, applicable to
     CFSC or its properties, of any federal or state regulatory body or any
     court, administrative agency, or other governmental instrumentality having
     jurisdiction over CFSC or any of its properties.

          (g)    No Proceedings. There are no proceedings or investigations
                 --------------
     pending, or, to the knowledge of CFSC, threatened against CFSC, before any
     court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having jurisdiction over CFSC or its
     properties: (i) asserting the invalidity of this Agreement or any of the
     Related Documents, (ii) seeking to prevent the consummation of any of the
     transactions contemplated by this Agreement or any of the Related
     Documents, (iii) seeking any determination or ruling

                                      -8-
<PAGE>

          that might materially and adversely affect the performance by CFSC of
          its obligations under, or the validity or enforceability of, this
          Agreement or any of the Related Documents or (iv) that may adversely
          affect the federal or state income tax attributes of, or seeking to
          impose any excise, franchise, transfer or similar tax upon, the
          transfer and acquisition of the Initial Contracts and the Initial
          Collateral Security hereunder or the transfer of the Initial Contracts
          and the Initial Collateral Security to the Trust pursuant to the Sale
          and Servicing Agreement or pledged under the Indenture.

In the event of any breach of a representation and warranty made by CFSC
hereunder, Seller covenants and agrees that it will not take any action to
pursue any remedy that it may have hereunder, in law, in equity or otherwise,
until a year and a day have passed since the date on which all Notes,
Certificates or other similar securities issued by the Trust, or a trust or
similar vehicle formed by CFSC, have been paid in full. Seller and CFSC agree
that damages will not be an adequate remedy for such breach and that this
covenant may be specifically enforced by CFSC or by the Owner Trustee on behalf
of the Trust.

                                  ARTICLE IV
                            COVENANTS OF THE SELLER

          SECTION 4.1. Transfer of Contracts.
                       ---------------------

          Seller has filed a form UCC-1 financing statement regarding the sale
of the Contracts to CFSC, and shall file continuation statements in respect of
such UCC-1 financing statement as if such financing statement were necessary to
perfect such sale. Seller shall take any other actions necessary to maintain the
perfection of the sale of the Contracts to CFSC.

          SECTION 4.2. Costs and Expenses. The Seller shall pay all reasonable
                       ------------------
costs and disbursements in connection with the performance of its obligations
hereunder and under each Subsequent Transfer Agreement and its Related
Documents.

          SECTION 4.3. Indemnification.
                       ---------------

          (a)    Seller will defend and indemnify CFSC against any and all
costs, expenses, losses, damages, claims and liabilities, including reasonable
fees and expenses of counsel and expenses of litigation arising out of or
resulting from the use or ownership of any Product related to a Contract by
Seller or the Servicer or any Affiliate of either. Notwithstanding any other
provision of this Agreement, the obligation of Seller under this Section shall
not terminate upon a Service Transfer pursuant to Article VII of the Sale and
Servicing Agreement, except that the obligation of Seller under this Section 4.3
shall not relate to the actions of any subsequent Servicer after a Service
Transfer.

          (b)    No obligation or liability to any Obligor under any of the
Contracts is intended to be assumed by CFSC under or as a result of this
Agreement and the transactions contemplated

                                      -9-
<PAGE>

hereby and, to the maximum extent permitted and valid under mandatory provisions
of law, CFSC expressly disclaims such assumption.

          (c)  Seller agrees to pay, and to indemnify, defend and hold harmless
CFSC from, any taxes which may at any time be asserted with respect to, and as
of the date of, the transfer of the Contracts to CFSC, including, without
limitation, any sales, gross receipts, general corporation, personal property,
privilege or license taxes and costs, expenses and reasonable counsel fees in
defending against the same, whether arising by reason of the acts to be
performed by Seller under this Agreement or imposed against CFSC.

          (d)  Indemnification under this Section 4.3 shall include, without
limitation, reasonable fees and expenses of counsel and expenses of litigation.
If the Originator has made any indemnity payments to CFSC pursuant to this
Section 4.3 and CFSC thereafter collects any of such amounts from others, CFSC
will repay such amounts collected to Seller, as the case may be, without
interest.

          SECTION 4.4.  Financial Statement Disclosure. Conseco Finance's
                        ------------------------------
financial statements will disclose that the Subsequent Contracts have been
transferred by Conseco Finance to Conseco Securitizations, and by Conseco
Securitizations to the Trust, and are not available to satisfy claims of Conseco
Finance's creditors.

                                   ARTICLE V
                                  REPURCHASES

          SECTION 5.1.  Repurchase of Contracts Upon Breach of Warranty.
                        -----------------------------------------------

          (a)  Upon the occurrence of a Repurchase Event, Seller shall, unless
such breach shall have been cured in all material respects, repurchase such
Contract from the Trust pursuant to Section 3.05 of the Sale and Servicing
Agreement. It is understood and agreed that the obligation of Seller to
repurchase any Contract as to which a breach has occurred and is continuing and
the indemnity obligations relating thereto shall, if such obligation is
fulfilled, constitute the only remedies against Seller for such breach available
to CFSC, the Noteholders, the Indenture Trustee on behalf of the Noteholders,
the Certificateholders or the Owner Trustee on behalf of the Certificateholders.
The provisions of this Section 5.1 are intended to grant the Owner Trustee and
the Indenture Trustee a direct right against Seller to demand performance
hereunder, and in connection therewith, Seller waives any requirement of prior
demand against CFSC with respect to such repurchase obligation. Any such
purchase shall take place in the manner specified in Section 3.06 of the Sale
and Servicing Agreement. Notwithstanding any other provision of this Agreement,
any Subsequent Transfer Agreement or the Sale and Servicing Agreement or any
Subsequent Transfer Agreement to the contrary, the obligation of Seller under
this Section shall not terminate upon a termination of Seller as Servicer under
the Sale and Servicing Agreement and shall be performed in accordance with the
terms hereof notwithstanding the failure of the Servicer or CFSC to perform any
of their respective obligations with respect to such Loan under the Sale and
Servicing Agreement.

                                      -10-
<PAGE>

          (b)  In addition to the foregoing and notwithstanding whether the
related Contract shall have been purchased by Seller, Seller shall indemnify the
Owner Trustee, the Trust, the Indenture Trustee, the Noteholders and the
Certificateholders against all costs, expenses, losses, damages, claims and
liabilities, including reasonable fees and expenses of counsel, which may be
asserted against or incurred by any of them as a result of third party claims
arising out of the events or facts giving rise to such Repurchase Events.

          SECTION 5.2.  Reassignment of Purchased Contracts. Upon deposit of
                        -----------------------------------
the Repurchase Price of any Contract repurchased or replaced by Seller under
Section 5.1, CFSC shall cause the Owner Trustee and the Indenture Trustee to
take such steps as may be reasonably requested by Seller in order to assign to
Seller all of CFSC's and the Trust's right, title and interest in and to such
Contract and all security and documents and all Collateral Security conveyed to
CFSC and the Trust directly relating thereto, without recourse, representation
or warranty, except as to the absence of liens, charges or encumbrances created
by or arising as a result of actions of CFSC, the Owner Trustee or the Indenture
Trustee. Such assignment shall be a sale and assignment outright, and not for
security. If, following the reassignment of a Contract, in any enforcement suit
or legal proceeding, it is held that Seller may not enforce any such Contract on
the ground that it shall not be a real party in interest or a holder entitled to
enforce the Contract, CFSC and the Owner Trustee shall, at the expense of
Seller, take such steps as Seller deems reasonably necessary to enforce the
Contract, including bringing suit in CFSC's or the Owner Trustee's name.

          SECTION 5.3.  Waivers.  No failure or delay on the part of CFSC, or
                        -------
the Owner Trustee as assignee of CFSC, in exercising any power, right or remedy
under this Agreement or under any Subsequent Transfer Agreement shall operate as
a waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other or future exercise thereof or the exercise of
any other power, right or remedy.

                                  ARTICLE VI
                                 MISCELLANEOUS

          SECTION 6.1.  Liability of Seller. Seller shall be liable in
                        -------------------
accordance herewith only to the extent of the obligations in this Agreement or
in any Subsequent Transfer Agreement specifically undertaken by Seller and the
representations and warranties of Seller.

          SECTION 6.2.  Merger or Consolidation of Seller or CFSC. Any
                        -----------------------------------------
corporation or other entity (i) into which Seller or CFSC may be merged or
consolidated, (ii) resulting from any merger or consolidation to which Seller or
CFSC is a party or (iii) succeeding to the business of Seller or CFSC, in the
case of CFSC, which corporation has articles of incorporation containing
provisions relating to limitations on business and other matters substantively
identical to those contained in CFSC's articles of incorporation, provided that
in any of the foregoing cases such corporation shall execute an agreement of
assumption to perform every obligation of Seller or CFSC, as the case may be,
under this Agreement and each Subsequent Transfer Agreement and, whether or not
such assumption agreement is executed, shall be the successor to Seller or CFSC,
as the case may be, hereunder and under each

                                      -11-
<PAGE>

such Subsequent Transfer Agreement (without relieving Seller or CFSC of its
responsibilities hereunder, if it survives such merger or consolidation) without
the execution or filing of any document or any further act by any of the parties
to this Agreement or each Subsequent Transfer Agreement. Seller or CFSC shall
promptly inform the other party and the Owner Trustee and the Indenture Trustee
of such merger, consolidation or purchase and assumption. Notwithstanding the
foregoing, as a condition to the consummation of the transactions referred to in
clauses (i), (ii) and (iii) above, (x) immediately after giving effect to such
transaction, no representation or warranty made pursuant to Sections 3.1 and 3.2
and this Agreement, or similar representation or warranty made in any Subsequent
Transfer Agreement, shall have been breached (for purposes hereof, such
representations and warranties shall speak as of the date of the consummation of
such transaction), (y) Seller or CFSC, as applicable, shall have delivered
written notice of such consolidation, merger or purchase and assumption to the
Rating Agencies prior to the consummation of such transaction and shall have
delivered to the Owner Trustee and the Indenture Trustee an Officer's
Certificate and an Opinion of Counsel each stating that such consolidation,
merger or succession and such agreement of assumption comply with this Section
6.3 and that all conditions precedent, if any, provided for in this Agreement,
or in each Subsequent Transfer Agreement, relating to such transaction have been
complied with, and (z) Seller or CFSC, as applicable, shall have delivered to
the Owner Trustee and the Indenture Trustee an Opinion of Counsel, stating that,
in the opinion of such counsel, either (A) all financing statements and
continuation statements and amendments thereto have been executed and filed that
are necessary to preserve and protect the interest of the Owner Trustee and the
Indenture Trustee in the Trust Property and reciting the details of the filings
or (B) no such action shall be necessary to preserve and protect such interest.

          SECTION 6.3. Limitation on Liability of Seller and Others. Seller
                       --------------------------------------------
shall not be under any obligation to appear in, prosecute or defend any legal
action that is not incidental to its obligations under this Agreement, any
Subsequent Transfer Agreement or its Related Documents and that in its opinion
may involve it in any expense or liability.

          SECTION 6.4. Amendment.
                       ---------
          (a)  This Agreement and any Subsequent Transfer Agreement may be
amended by Seller and CFSC and without the consent of the Owner Trustee, the
Indenture Trustee, or any of the Noteholders or Certificateholders (A) to cure
any ambiguity or (B) to correct any provisions in this Agreement or any such
Subsequent Transfer Agreement; provided, however, that such action shall not, as
                               --------  -------
evidenced by an Opinion of Counsel delivered to the Owner Trustee and the
Indenture Trustee, adversely affect in any material respect the interests of any
Noteholder or Certificateholder.

          (b)  This Agreement may also be amended from time to time by Seller
and CFSC, with the prior written consent of the Owner Trustee, the Indenture
Trustee, a Certificate Majority and the Holders of Notes representing, in the
aggregate, 66 2/3% or more of the Aggregate Securities Principal Balance, for
the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement, or of modifying in any manner the
rights of the Noteholders or Certificateholders; provided, however, that no such
                                                 --------  -------
amendment shall (i) increase or reduce in any manner the amount of, or
accelerate or delay the timing of, collections of payments on the Contracts or,

                                      -12-
<PAGE>

distributions that are required to be made on any Note or Certificate or (ii)
reduce the aforesaid percentage required to consent to any such amendment or any
waiver hereunder, without the consent of the Holders of all Notes and
Certificates then outstanding.

          (c)  Concurrently with the solicitation of any consent pursuant to
this Section 6.4, CFSC shall furnish written notification to S&P and Moody's.
Promptly after the execution of any amendment or consent pursuant to this
Section 6.4, CFSC shall furnish written notification of the substance of such
amendment to S&P, Moody's, each Noteholder and Certificateholder.

          (d)  It shall not be necessary for the consent of Noteholders and
Certificateholders pursuant to this Section to approve the particular form of
any proposed amendment or consent, but it shall be sufficient if such consent
shall approve the substance thereof. The manner of obtaining such consents and
of evidencing the authorization of the execution thereof by Noteholders and
Certificateholders shall be subject to such reasonable requirements as the Owner
Trustee or Indenture Trustee, as applicable, may prescribe, including the
establishment of record dates. The consent of any Holder of a Note or a
Certificate given pursuant to this Section or pursuant to any other provision of
this Agreement shall be conclusive and binding on such Holder and on all future
Holders of such Note or Certificate and of any Note or Certificate issued upon
the transfer thereof or in exchange thereof or in lieu thereof whether or not
notation of such consent is made upon the Note or Certificate.

          SECTION 6.5.  Notices.  All demands, notices and communications to the
                        -------
Seller or CFSC hereunder shall be in writing, personally delivered, or sent by
telecopier (subsequently confirmed in writing), reputable overnight courier or
mailed by certified mail, return receipt requested, and shall be deemed to have
been given upon receipt (a) in the case of Seller, to Conseco Finance Corp.,
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639,
Attention: Chief Financial Officer, or such other address as shall be designated
by Seller in a written notice delivered to the other party or to the Owner
Trustee or Indenture Trustee, as applicable, or (b) in case of CFSC, to Conseco
Finance Securitizations Corp., 300 Landmark Towers, 345 St. Peter Street, Saint
Paul, Minnesota 55102-1639, Attention: Chief Financial Officer.

          SECTION 6.6.  Merger and Integration. Except as specifically stated
                        ----------------------
otherwise herein, this Agreement and the Related Documents set forth the entire
understanding of the parties relating to the subject matter hereof, and all
prior understandings, written or oral, are superseded by this Agreement and the
Related Documents.  This Agreement may not be modified, amended, waived or
supplemented except as provided herein.

          SECTION 6.7.  Severability of Provisions. If any one or more of the
                        --------------------------
covenants, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then such covenants, provisions or terms shall be
deemed severable from the remaining covenants, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.

                                      -13-
<PAGE>

          SECTION 6.8.  Intention of the Parties. The execution and delivery of
                        ------------------------
this Agreement and of each Subsequent Transfer Agreement shall constitute an
acknowledgment by Seller and CFSC that they intend that each assignment and
transfer herein and therein contemplated constitute a sale and assignment
outright, and not for security, of the Initial Contracts and the Initial
Collateral Security and the Subsequent Contracts and Subsequent Collateral
Security, as the case may be, conveying good title thereto free and clear of any
Liens, from Seller to CFSC, and that the Initial Contracts and the Initial
Collateral Security and the Subsequent Contracts and Subsequent Collateral
Security shall not be a part of Seller's estate in the event of the bankruptcy,
reorganization, arrangement, insolvency or liquidation proceeding, or other
proceeding under any federal or state bankruptcy or similar law, or the
occurrence of another similar event, of, or with respect to, Seller. In the
event that such conveyance is determined to be made as security for a loan made
by CFSC, the Trust or the Certificateholders to Seller, the parties intend that
Seller shall have granted to CFSC a security interest in all of Seller's right,
title and interest in and to the Initial Contracts and the Initial Collateral
Security and the Subsequent Contracts and Subsequent Collateral Security, as the
case may be, conveyed pursuant to Section 2.1 hereof or pursuant to any
Subsequent Transfer Agreement, and that this Agreement and each Subsequent
Transfer Agreement shall constitute a security agreement under applicable law.

          SECTION 6.9.  Governing Law. This Agreement shall be construed in
                        -------------
accordance with, the laws of the State of Minnesota without regard to the
principles of conflicts of laws thereof, and the obligations, rights and
remedies of the parties under this Agreement shall be determined in accordance
with such laws.

          SECTION 6.10.  Counterparts. For the purpose of facilitating the
                         ------------
execution of this Agreement and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute but one and the same instrument.

          SECTION 6.11.  Conveyance of the Initial Contracts and the Initial
                         ---------------------------------------------------
Collateral Security to the Trust. Seller acknowledges that CFSC intends,
--------------------------------
pursuant to the Sale and Servicing Agreement, to convey the Initial Contracts
and the Initial Collateral Security, together with its rights under this
Agreement, to the Trust on the date hereof. Seller acknowledges and consents to
such conveyance and waives any further notice thereof and covenants and agrees
that the representations and warranties of Seller contained in this Agreement
and the rights of CFSC hereunder are intended to benefit the Owner Trustee, the
Trust, the Indenture Trustee and the Noteholders and Certificateholders. In
furtherance of the foregoing, Seller covenants and agrees to perform its duties
and obligations hereunder, in accordance with the terms hereof for the benefit
of the Owner Trustee, the Trust, the Indenture Trustee and the Noteholders and
Certificateholders and that, notwithstanding anything to the contrary in this
Agreement, Seller shall be directly liable to the Indenture Trustee, Owner
Trustee and the Trust (notwithstanding any failure by the Servicer or CFSC to
perform its duties and obligations hereunder or under the Sale and Servicing
Agreement) and that the Owner Trustee or the Indenture Trustee may enforce the
duties and obligations of Seller under this Agreement against Seller for the
benefit of the Trust, the Noteholders and the Certificateholders.

                                      -14-
<PAGE>

          SECTION 6.12.  Nonpetition Covenant. Neither CFSC nor Seller shall
                         --------------------
petition or otherwise invoke the process of any court or government authority
for the purpose of commencing or sustaining a case against the Trust (or, in the
case of Seller, against CFSC) under any federal or state bankruptcy, insolvency
or similar law or appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official of the Trust (or CFSC) or any
substantial part of its property, or ordering the winding up or liquidation of
the affairs of the Trust (or CFSC).

                                      -15-
<PAGE>

          IN WITNESS WHEREOF, the parties have caused this Transfer Agreement to
be duly executed by their respective officers as of the day and year first above
written.

                              CONSECO FINANCE SECURITIZATIONS CORP.,
                                as Purchaser

                              By /s/ Phyllis A. Knight
                                 ---------------------------------------
                                 Name:  Phyllis A. Knight
                                 Title: Senior Vice President and Treasurer

                              CONSECO FINANCE CORP., as Seller

                              By /s/ Phyllis A. Knight
                                 ---------------------------------------
                                 Name:  Phyllis A. Knight
                                 Title: Senior Vice President and Treasurer

<PAGE>

                                  SCHEDULE A

                         SCHEDULE OF INITIAL CONTRACTS

  [Delivered pursuant to Section 2.02(c) of the Sale and Servicing Agreement]

                                     A-1
<PAGE>

                                                                       EXHIBIT A

                                    FORM OF

                         SUBSEQUENT TRANSFER AGREEMENT

                                    between

                     CONSECO FINANCE SECURITIZATIONS CORP.
                                   Purchaser

                                      and

                             CONSECO FINANCE CORP.
                                    Seller

                                  dated as of

                                ________, _____
<PAGE>

          SUBSEQUENT TRANSFER AGREEMENT, dated as of ________, _______, between
Conseco Finance Securitizations Corp., a Minnesota corporation, as purchaser
("CFSC"), and Conseco Finance Corp., a Delaware corporation, as seller
("Seller").

                             W I T N E S S E T H:
                             - - - - - - - - - -

          WHEREAS, Seller and CFSC are parties to a Transfer Agreement, dated as
of June 29, 2000 (as amended or supplemented, the "Transfer Agreement");

          WHEREAS, pursuant to the Transfer Agreement and this Agreement, CFSC
has agreed to purchase from Seller and Seller is transferring to CFSC the
Subsequent Contracts and the Subsequent Collateral Security.

          NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, and for other good and valuable consideration,
the receipt of which is acknowledged, CFSC and Seller, intending to be legally
bound, hereby agree as follows:

          1.  Defined Terms. Capitalized terms used but not otherwise defined
              -------------
herein shall have the respective meanings assigned to such terms in the Transfer
Agreement.

          "Schedule of Subsequent Contracts" means the schedule of all home
           --------------------------------
improvement and home equity contracts sold and transferred pursuant to this
Agreement attached hereto as Schedule A, which Schedule of Subsequent Contracts
shall supplement the Schedule of Initial Contracts attached to the Transfer
Agreement.

          "Subsequent Cutoff Date" shall mean, with respect to the Subsequent
           ----------------------
Contracts conveyed hereby, ____________________, __________.

          "Subsequent Collateral Security" means, with respect to any Subsequent
           ------------------------------
Contract, (i) the security interests, if any, granted by or on behalf of the
related Obligor with respect thereto, including a first priority perfected
security interest in the related Product, (ii) all other security interests or
liens and property subject thereto from time to time purporting to secure
payment of such Contract, whether pursuant to the agreement giving rise to such
Contract or otherwise, together with all financing statements signed by the
Obligor describing any collateral securing such Contract, (iii) all security
agreements granting a security interest in the related Product and all
guarantees, insurance and other agreements or arrangements of whatever character
from time to time supporting or securing payment of such Contract whether
pursuant to the agreement giving rise to such Contract or otherwise, and (iv)
all records in respect of such Contract.

          "Subsequent Contracts" means, for purposes of this Agreement, the
           --------------------
Contracts listed in the Schedule of Subsequent Contracts.

                                    Ex. A-1

<PAGE>

          2.   Conveyance of the Subsequent Contracts and the Subsequent
               ---------------------------------------------------------
Collateral Security.  Subject to the terms and conditions of this Agreement and
-------------------
the Transfer Agreement, Seller hereby sells, transfer, assigns, and otherwise
conveys to CFSC without recourse (but without limitation of its repurchase,
indemnity and other obligations in this Agreement and the Transfer Agreement),
and CFSC hereby purchases, all right, title and interest of Seller in and to the
Subsequent Contracts and the Subsequent Collateral Security.  It is the
intention of Seller and CFSC that the transfer and assignment contemplated by
this Agreement shall constitute a sale of the Subsequent Contracts and the
Subsequent Collateral Security from Seller to CFSC, conveying good title thereto
free and clear of any Liens, and the Subsequent Contracts and the Subsequent
Collateral Security shall not be part of Seller's estate in the event of the
filing of a bankruptcy petition by or against Seller under any bankruptcy or
similar law. Conseco Finance's financial statements will disclose that the
Subsequent Contracts have been transferred by Conseco Finance to Conseco
Securitizations, and by Conseco Securitizations to the Trust, and are not
available to satisfy claims of Conseco Finance's creditors.

          3.   Purchase Price. Simultaneously with the conveyance of the
               --------------
Subsequent Contracts and the Subsequent Collateral Security to CFSC, CFSC has
paid or caused to be paid to or upon the order of Seller, by wire transfer of
immediately available funds (representing certain proceeds to CFSC from the sale
of the Notes on deposit in the Pre-Funding Account), the amount of funds as
specified below :

          (i)  Principal Balance of Subsequent Contracts:  $__________

          (ii) Proceeds to Seller:  $_____________

          4.   Representations of Warranties of Seller.  Seller makes the
               ---------------------------------------
following representations and warranties, on which CFSC relies in purchasing the
Subsequent Contracts and the Subsequent Collateral Security and in transferring
the Subsequent Contracts and the Subsequent Collateral Security to the Trust
under the Subsequent Transfer Agreement.  Such representations are made as of
the execution and delivery of this Agreement, but shall survive the sale,
transfer and assignment of the Subsequent Contracts and the Subsequent
Collateral Security hereunder, and the sale, transfer and assignment thereof by
CFSC to the Trust under the Subsequent Transfer Agreement and the pledge thereof
pursuant to the Indenture.  Seller and CFSC agree that CFSC will assign to the
Trust all of CFSC's rights under this Agreement and the Transfer Agreements, and
that the Trust will thereafter be entitled to enforce this Agreement and the
Transfer Agreements against Seller in the Trust's own name.

          (a)  Schedule of Representations.  The representations and warranties
               ---------------------------
     set forth in Sections 3.02, 3.03 and 3.04 of the Sale and Servicing
     Agreement are true and correct.

          (b)  Organization and Good Standing.  Seller has been duly organized
               ------------------------------
     and is validly existing as a corporation in good standing under the laws of
     the State of Delaware, with power and authority to own its properties and
     to conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and now
     has,

                                   Ex. A-2
<PAGE>

     power, authority and legal right to acquire, own and sell the Subsequent
     Contracts and the Subsequent Collateral Security transferred to CFSC.

          (c)  Due Qualification. Seller is duly qualified to do business as a
               -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals, in all jurisdictions in which the ownership or
     lease of its property or the conduct of its business requires such
     qualification.

          (d)  Power and Authority. Seller has the power and authority to
               -------------------
     execute and deliver this Agreement and the Transfer Agreement and to carry
     out its terms and their terms, respectively; Seller has full power and
     authority to sell and assign the Subsequent Contracts and the Subsequent
     Collateral Security to be sold and assigned to and deposited with CFSC
     hereunder and has duly authorized such sale and assignment to CFSC by all
     necessary corporate action; and the execution, delivery and performance of
     this Agreement and the Transfer Agreement have been duly authorized by
     Seller by all necessary corporate action.

          (e)  Valid Sale; Binding Obligations. This Agreement and the Transfer
               -------------------------------
     Agreement have been duly executed and delivered, shall effect a valid sale,
     transfer and assignment of the Subsequent Contracts and the Subsequent
     Collateral Security, enforceable against Seller and creditors of and
     purchasers from Seller; and this Agreement and the Transfer Agreement
     constitute legal, valid and binding obligations of Seller enforceable in
     accordance with their respective terms, except as enforceability may be
     limited by bankruptcy, insolvency, reorganization or other similar laws
     affecting the enforcement of creditors' rights generally and by equitable
     limitations on the availability of specific remedies, regardless of whether
     such enforceability is considered in a proceeding in equity or at law.

          (f)  No Violation. The consummation of the transactions contemplated
               ------------
     by this Agreement and the Transfer Agreement and the fulfillment of the
     terms of this Agreement and the Transfer Agreement shall not conflict with,
     result in any breach of any of the terms and provisions of or constitute
     (with or without notice, lapse of time or both) a default under, the
     certificate of incorporation or bylaws of Seller, or any indenture,
     agreement, mortgage, deed of trust or other instrument to which Seller is a
     party or by which it is bound, or result in the creation or imposition of
     any Lien upon any of its properties pursuant to the terms of any such
     indenture, agreement, mortgage, deed of trust or other instrument, other
     than this Agreement and the Transfer Agreement, or violate any law, order,
     rule or regulation applicable to Seller of any court or of any federal or
     state regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over Seller or any of its properties.

          (g)  No Proceedings. There are no proceedings or investigations
               --------------
     pending or, to Seller's knowledge, threatened against Seller, before any
     court, regulatory body, administrative agency or other tribunal or
     governmental instrumentality having jurisdiction over Seller or its
     properties (i) asserting the invalidity of this Agreement or the Transfer
     Agreement, (ii) seeking to prevent or the consummation of any of the
     transactions contemplated by this Agreement or

                                   Ex. A-3
<PAGE>

     the Transfer Agreement, (iii) seeking any determination or ruling that
     might materially and adversely affect the performance by Seller of its
     obligations under, or the validity or enforceability of, this Agreement or
     the Subsequent Transfer Agreement, or (iv) seeking to affect adversely the
     federal income tax or other federal, state or local tax attributes of, or
     seeking to impose any excise, franchise, transfer or similar tax upon, the
     transfer and acquisition of the Subsequent Contracts and the Subsequent
     Collateral Security hereunder or under the Transfer Agreement.

          (h)  Insolvency. As of the Subsequent Cutoff Date and the Subsequent
               ----------
     Transfer Date, neither Seller nor CFSC is insolvent nor will either of them
     have been made insolvent after giving effect to the conveyance set forth in
     Section 2 of this Agreement, nor are any of them aware of any pending
     insolvency.

          (i)  Chief Executive Office. The chief executive office of Seller is
               ----------------------
     located at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul,
     Minnesota 55102-1639.

          5.   Representations and Warranties of CFSC.  CFSC makes the following
               --------------------------------------
representations and warranties, on which Seller relies in selling, assigning,
transferring and conveying the Subsequent Contracts and the Subsequent
Collateral Security to CFSC hereunder.  Such representations are made as of the
execution and delivery of this Agreement, but shall survive the sale, transfer
and assignment of the Subsequent Contracts and the Subsequent Collateral
Security hereunder and the sale, transfer and assignment thereof by CFSC to the
Trust under the Subsequent Transfer Agreement and the pledge thereof under the
Indenture.

          (a)  Organization and Good Standing. CFSC has been duly organized and
               ------------------------------
     is validly existing and in good standing as a corporation under the laws of
     the State of Minnesota, with the power and authority to own its properties
     and to conduct its business as such properties are currently owned and such
     business is currently conducted, and had at all relevant times, and has,
     full power, authority and legal right to acquire and own the Subsequent
     Contracts and the Subsequent Collateral Security, and to transfer the
     Subsequent Contracts and the Subsequent Collateral Security to the Trust
     pursuant to this Transfer Agreement and the pledge thereof under the
     Indenture.

          (b)  Due Qualification. CFSC is duly qualified to do business as a
               -----------------
     foreign corporation in good standing, and has obtained all necessary
     licenses and approvals in all jurisdictions where the failure to do so
     would materially and adversely affect CFSC's ability to acquire the
     Subsequent Contracts or the Subsequent Collateral Security or the validity
     or enforceability of the Subsequent Contracts and the Subsequent Collateral
     Security or to perform CFSC's obligations hereunder and under the Transfer
     Agreement.

          (c) Power and Authority. CFSC has the power, authority and legal right
              -------------------
     to execute and deliver this Agreement and to carry out the terms hereof and
     to acquire the Subsequent Contracts and the Subsequent Collateral Security
     hereunder; and the execution,

                                   Ex. A-4
<PAGE>

          delivery and performance of this Agreement and all of the documents
          required pursuant hereto have been duly authorized by CFSC by all
          necessary action.

               (d)  No Consent Required. CFSC is not required to obtain the
                    -------------------
          consent of any other Person, or any consent, license, approval or
          authorization or registration or declaration with, any governmental
          authority, bureau or agency in connection with the execution, delivery
          or performance of this Agreement and the Transfer Agreement, except
          for such as have been obtained, effected or made.

               (e)  Binding Obligation. This Agreement constitutes a legal,
                    ------------------
          valid and binding obligation of CFSC, enforceable against CFSC in
          accordance with its terms, subject, as to enforceability, to
          applicable bankruptcy, insolvency, reorganization, conservatorship,
          receivership, liquidation and other similar laws and to general
          equitable principles.

               (f)  No Violation. The execution, delivery and performance by
                    ------------
          CFSC of this Agreement, the consummation of the transactions
          contemplated by this Agreement and the Transfer Agreement and the
          fulfillment of the terms of this Agreement and the Transfer Agreement
          do not and will not conflict with, result in any breach of any of the
          terms and provisions of, or constitute (with or without notice or
          lapse of time) a default under, the articles of incorporation or
          bylaws of CFSC, or conflict with or breach any of the terms or
          provisions of, or constitute (with or without notice or lapse of time)
          a default under, any indenture, agreement, mortgage, deed of trust or
          other instrument to which CFSC is a party or by which CFSC is bound or
          to which any of its properties are subject, or result in the creation
          or imposition of any Lien upon any of its properties pursuant to the
          terms of any such indenture, agreement, mortgage, deed of trust or
          other instrument (other than the Sale and Servicing Agreement, this
          Agreement, the Transfer Agreement and the Indenture), or violate any
          law, order, rule or regulation, applicable to CFSC or its properties,
          of any federal or state regulatory body, any court, administrative
          agency, or other governmental instrumentality having jurisdiction over
          CFSC or any of its properties.

               (g)  No Proceedings. There are no proceedings or investigations
                    --------------
          pending, or, to the knowledge of CFSC, threatened against CFSC, before
          any court, regulatory body, administrative agency, or other tribunal
          or governmental instrumentality having jurisdiction over CFSC or its
          properties: (i) asserting the invalidity of this Agreement or the
          Transfer Agreement, (ii) seeking to prevent the consummation of any of
          the transactions contemplated by this Agreement or the Transfer
          Agreement, (iii) seeking any determination or ruling that might
          materially and adversely affect the performance by CFSC of its
          obligations under, or the validity or enforceability of, this
          Agreement or the Transfer Agreement, or (iv) that may adversely affect
          the federal or state income tax attributes of, or seeking to impose
          any excise, franchise, transfer or similar tax upon, the transfer and
          acquisition of the Subsequent Contracts and the Subsequent Collateral
          Security hereunder or the transfer of the Contracts and the Subsequent
          Collateral Security to the Trust pursuant to the Transfer Agreement.

                                    Ex. A-5
<PAGE>

In the event of any breach of a representation and warranty made by CFSC
hereunder, Seller covenants and agrees that it will not take any action to
pursue any remedy that it may have hereunder, in law, in equity or otherwise,
until a year and a day have passed since the date on which all pass-through
certificates or other similar securities issued by the Trust, or a trust or
similar vehicle formed by CFSC, have been paid in full.  Seller and CFSC agree
that damages will not be an adequate remedy for such breach and that this
covenant may be specifically enforced by CFSC or by the Owner Trustee on behalf
of the Trust.

               6.  Conditions Precedent.  The obligation of CFSC to acquire the
                   --------------------
Subsequent Contracts and the Subsequent Collateral Security hereunder is subject
to the satisfaction, on or prior to the Subsequent Transfer Date, of the
following conditions precedent:

               (a)  Representations and Warranties. Each of the representations
                    ------------------------------
     and warranties made by the Seller in Section 4 of this Agreement and in
     Section 3.1 of the Transfer Agreement shall be true and correct as of the
     date of this Agreement and as of the Subsequent Transfer Date.

               (b)  Transfer Agreement Conditions. Each of the conditions set
                    -----------------------------
     forth in Section 2.3(b) of the Transfer Agreement applicable to the
     conveyance of Subsequent Contracts and the Subsequent Collateral Security
     shall have been satisfied.

               (c)  Sale and Servicing Agreement Representations and Warranties.
                    ------------------------------------------------------------
     Each of the representations and warranties contained in Section 3.03 of the
     Sale and Servicing Agreement shall be true and correct.

               (d)  Additional Information. Seller shall have delivered to CFSC
                    ----------------------
     such information as was reasonably requested by CFSC to satisfy itself as
     to (i) the accuracy of the representations and warranties set forth in
     Section 4 of this Agreement and in Section 3.1 of the Transfer Agreement
     and (ii) the satisfaction of the conditions set forth in this Section 6.

               7.   Ratification of Transfer Agreement.  As supplemented by this
                    ---------------------------------
Agreement, the Transfer Agreement is in all respects ratified and confirmed and
the Transfer Agreement as so supplemented by this Agreement shall be read, taken
and construed as one and the same instrument.

               8.   Governing Law. This Agreement shall be construed in
                    -------------
accordance with the laws of the State of Minnesota without regard to the
principles of conflicts of laws thereof, and the obligations, rights and
remedies of the parties under this Agreement shall be determined in accordance
with such laws.

               9.   Counterparts. For the purposes of facilitating the execution
                    ------------
of this Agreement and for other purposes, this Agreement may be executed
simultaneously in any number of counterparts, each of which counterparts shall
be deemed to be an original, and all of which counterparts shall constitute but
one and the same instrument.

                              Ex. A-6
<PAGE>

               10.  Conveyance of the Subsequent Contracts and the Subsequent
                    ---------------------------------------------------------
Collateral Security to the Trust.  Seller acknowledges that CFSC intends,
--------------------------------
pursuant to a Subsequent Transfer Instrument, to convey the Subsequent Contracts
and the Subsequent Collateral Security, together with its rights under this
Agreement and under the Transfer Agreement, to the Trust on the date hereof, and
the Owner Trust intends to pledge the same to the Indenture Trustee for the
benefit of the Noteholders pursuant to the Indenture.  Seller acknowledges and
consents to such conveyance and waives any further notice thereof and covenants
and agrees that the representations and warranties of Seller contained in this
Agreement and the rights of CFSC hereunder and thereunder are intended to
benefit the Owner Trustee, the Trust, the Indenture Trustee and the Noteholders
and Certificateholders.  In furtherance of the foregoing, Seller covenants and
agrees to perform its duties and obligations hereunder and under the Transfer
Agreement, in accordance with the terms hereof and thereof for the benefit of
the Owner Trustee, the Trust, the Indenture Trustee and the Noteholders and
Certificateholders and that, notwithstanding anything to the contrary in this
Agreement or in the Transfer Agreement, Seller shall be directly liable to the
Indenture Trustee, the Owner Trustee and the Trust (notwithstanding any failure
by CFSC to perform its duties and obligations hereunder or under the Sale and
Servicing Agreement or the Subsequent Transfer Agreement) and that the Indenture
Trustee, or the Owner Trustee may enforce the duties and obligations of Seller
under this Agreement and the Transfer Agreement against Seller for the benefit
of the Trust, the Noteholders and the Certificateholders.

                                    Ex. A-7
<PAGE>

          IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed by their respective officers as of the day and year first above
written.

                            CONSECO FINANCE SECURITIZATIONS CORP.,
                              as Purchaser

                            By _______________________________________
                               Phyllis A. Knight
                               Senior Vice President and Treasurer

                            CONSECO FINANCE CORP., as Seller

                            By ________________________________________
                               Phyllis A. Knight
                               Senior Vice President and Treasurer

                                    Ex. A-8<PAGE>

                                                                     EXHIBIT 4.5

             ----------------------------------------------------

         CONSECO FINANCE RECREATIONAL ENTHUSIAST CONSUMER TRUST 2000-A

                           ADMINISTRATION AGREEMENT

                                     among

        CONSECO FINANCE RECREATIONAL ENTHUSIAST CONSUMER TRUST 2000-A
                                   as Issuer

                                      and

                    CONSECO FINANCE SERVICING CORPORATION
                               as Administrator

                                      and

                     U.S. BANK TRUST NATIONAL ASSOCIATION
        not in its individual capacity but solely as Indenture Trustee

                           Dated as of June 29, 2000

             ----------------------------------------------------
<PAGE>

     This ADMINISTRATION AGREEMENT dated as of June 1, 2000 (this "Agreement"),
among Conseco Finance Recreational Enthusiast Consumer Trust 2000-A, a Delaware
business trust (the "Issuer"), Conseco Finance Servicing Corporation, a Delaware
corporation, as administrator (the "Administrator"), and U.S. Bank Trust
National Association, a national banking association, not in its individual
capacity but solely as Indenture Trustee (the "Indenture Trustee").

                                  WITNESSETH:

     WHEREAS, the Issuer is issuing six classes of Asset-Backed Notes
(collectively, the "Notes"), pursuant to the Indenture dated as of June 1, 2000
(as amended and supplemented from time to time, the "Indenture"), between the
Issuer and the Indenture Trustee, and the Issuer is issuing a single class of
Asset-Backed Certificates (the "Certificates") pursuant to the Trust Agreement,
dated as of June 1, 2000 (as amended and supplemented from time to time, the
"Trust Agreement"), among Wilmington Trust Company, as owner trustee (the "Owner
Trustee"), Conseco Finance Securitizations Corp., as depositor (capitalized
terms used and not otherwise defined herein shall have the meanings assigned to
such terms in the Trust Agreement or the Indenture);

     WHEREAS, the Issuer has entered into certain agreements in connection with
the issuance of the Notes and the Certificates including:  (i) the Trust
Agreement, (ii) a Sale and Servicing Agreement dated as of June 1, 2000 (as
amended and supplemented from time to time, the "Sale and Servicing Agreement"),
among the Issuer, Conseco Finance Corp., a Delaware corporation, as Originator
(in such capacity, the "Originator") and Servicer (in such capacity, the
"Servicer") and Conseco Finance Securitizations Corp., as Seller (in such
capacity, the "Seller"), (iii) a Letter of Representations dated June 1, 2000
(as amended and supplemented from time to time, the "Note Depository
Agreement"), among the Issuer, the Indenture Trustee, the Administrator and The
Depository Trust Company ("DTC") relating to the Notes; (iv) the Indenture (the
Trust Agreement, the Sale and Servicing Agreement, the Note Depository Agreement
and the Indenture being referred to hereinafter collectively as the "Related
Agreements");

     WHEREAS, pursuant to the Related Agreements, the Issuer and the Owner
Trustee are required to perform certain duties in connection with (a) the Notes
and the collateral therefor pledged pursuant to the Indenture (the "Collateral")
and (b) the Certificates (the registered holders of such interests being
referred to herein as the "Owners");

     WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator
perform certain of the duties of the Issuer and the Owner Trustee referred to in
the preceding clause and to provide such additional services consistent with the
terms of this Agreement and the Related Agreements as the Issuer and the Owner
Trustee may from time to time request; and

     WHEREAS, the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Owner Trustee on the terms set forth herein;

                                      -2-
<PAGE>

     NOW, THEREFORE, in consideration of the mutual covenants contained herein,
and other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties agree as follows:

     1.   Duties of the Administrator.

     (a) Duties with Respect to the Note Depository Agreement and the Indenture.
         ----------------------------------------------------------------------
(i) The Administrator agrees to perform all its duties as Administrator and the
duties of the Issuer and the Owner Trustee under the Note Depository Agreement.
In addition, the Administrator shall consult with the Owner Trustee regarding
the duties of the Issuer or the Owner Trustee under the Indenture and the Note
Depository Agreement. The Administrator shall monitor the performance of the
Issuer and shall advise the Owner Trustee when action is necessary to comply
with the Issuer's or the Owner Trustee's duties under the Indenture and the Note
Depository Agreement. The Administrator shall prepare for execution by the
Issuer, or shall cause the preparation by other appropriate persons of, all such
documents, reports, filings, instruments, certificates and opinions that it
shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver
pursuant to the Indenture and the Note Depository Agreement. In furtherance of
the foregoing, the Administrator shall take all appropriate action that is the
duty of the Issuer or the Owner Trustee to take pursuant to the Indenture
including, without limitation, such of the foregoing as are required with
respect to the following matters under the Indenture (references are to sections
of the Indenture):

          (A)  the duty to cause the Note Register to be kept and to give the
     Indenture Trustee notice of any appointment of a new Note Registrar and the
     location, or change in location, of the Note Register (Section 2.04);

          (B)  the notification of Noteholders of the final principal payment on
     their Notes (Section 2.07(b));

          (C)  the preparation of or obtaining of the documents and instruments
     required for authentication of the Notes and delivery of the same to the
     Indenture Trustee (Section 2.02);

          (D)  the preparation, obtaining or filing of the instruments, opinions
     and certificates and other documents required for the release of collateral
     (Section 4.04);

          (E)  the duty to cause newly appointed Paying Agents, if any, to
     deliver to the Indenture Trustee the instrument specified in the Indenture
     regarding funds held in trust (Section 3.03);

          (F)  the direction to the Indenture Trustee to deposit moneys with
     Paying Agents, if any, other than the Indenture Trustee (Section 3.03);

          (G)  the obtaining and preservation of the Issuer's qualification to
     do business in each jurisdiction in which such qualification is or shall be
     necessary to protect the validity and

                                      -3-
<PAGE>

     enforceability of the Indenture, the Notes, the Indenture Collateral and
     each other instrument and agreement included in the Trust Estate (Section
     3.04);

          (H)  the preparation of all supplements and amendments to the
     Indenture and all financing statements, continuation statements,
     instruments of further assurance and other instruments and the taking of
     such other action as is necessary or advisable to protect the Trust Estate
     (Section 3.05);

          (I)  the delivery of the Opinion of Counsel on the Closing Date and
     the annual delivery of Opinions of Counsel as to the Trust Estate, and the
     annual delivery of the Officer's Certificate and certain other statements
     as to compliance with the Indenture (Sections 3.06 and 3.09);

          (J)  the identification to the Indenture Trustee in an Officer's
     Certificate of a Person with whom the Issuer has contracted to perform its
     duties under the Indenture (Section 3.07(b));

          (K)  the notification of the Indenture Trustee and the Rating Agencies
     of an Event of Termination under the Sale and Servicing Agreement and, if
     such an Event of Termination arises from the failure of the Servicer to
     perform any of its duties under the Sale and Servicing Agreement with
     respect to the Contracts, the taking of all reasonable steps available to
     remedy such failure (Sections 3.07(d));

          (L)  the duty to cause the Servicer to fulfill its obligations under
     the Sale and Servicing Agreement (Section 3.14);

          (M)  the preparation and obtaining of documents and instruments
     required for the release of the Issuer from its obligations under the
     Indenture (Section 3.11(b));

          (N)  the delivery of written notice to the Indenture Trustee and the
     Rating Agencies of each Event of Default under the Indenture and each
     default by the Servicer or the Seller under the Sale and Servicing
     Agreement (Section 3.18);

          (O)  the monitoring of the Issuer's obligations as to the satisfaction
     and discharge of the Indenture and the preparation of an Officer's
     Certificate and the obtaining of the Opinion of Counsel and (if required)
     the Independent Certificate relating thereto (Section 4.01);

          (P)  the compliance with any written directive of the Indenture
     Trustee with respect to the sale of the Trust Estate in a commercially
     reasonable manner if an Event of Default shall have occurred and be
     continuing (Section 5.04);

          (Q)  the preparation and delivery of notice to Noteholders of the
     removal of the Indenture Trustee and the appointment of a successor
     Indenture Trustee (Section 6.08);

                                      -4-
<PAGE>

          (R)  the preparation of any written instruments required to confirm
     more fully the authority of any co-trustee or separate trustee and any
     written instruments necessary in connection with the resignation or removal
     of any co-trustee or separate trustee (Section 6.08 and 6.10);

          (S)  the furnishing of the Indenture Trustee with the names and
     addresses of Noteholders during any period when the Indenture Trustee is
     not the Note Registrar (Section 7.01);

          (T)  the preparation and, after execution by the Issuer, the filing
     with the Commission, any applicable state agencies and the Indenture
     Trustee of documents required to be filed on a periodic basis with, and
     summaries thereof as may be required by rules and regulations prescribed
     by, the Commission and any applicable state agencies and the transmission
     of such summaries, as necessary, to the Noteholders (Section 7.03);

          (U)  the opening of one or more accounts in the Issuer's name, the
     preparation and delivery of Issuer Orders, Officer's Certificates and
     Opinions of Counsel and all other actions necessary with respect to
     investment and reinvestment of funds in the Trust Accounts (Section 8.02
     and 8.03);

          (V)  the preparation of Issuer Orders and the obtaining of Opinions of
     Counsel with respect to the execution of supplemental indentures and the
     mailing to the Noteholders of notices with respect to such supplemental
     indentures (Sections 9.01, 9.02 and 9.03);

          (W)  the execution and delivery of new Notes conforming to any
     supplemental Indenture (Section 9.06);

          (X)  the duty to notify Noteholders of redemption of the Notes or to
     cause the Indenture Trustee to provide such notification (Section 10.02);

          (Y)  the preparation and delivery of all Officer's Certificates,
     Opinions of Counsel and Independent Certificates with respect to any
     requests by the Issuer to the Indenture Trustee to take any action under
     the Indenture (Section 11.01(a));

          (Z)  the preparation and delivery of Officer's Certificates and the
     obtaining of Independent Certificates, if necessary, for the release of
     property from the lien of the Indenture (Section 11.01(b));

          (AA) the notification of the Rating Agencies, upon the failure of the
     Indenture Trustee to give such notification, of the information required
     pursuant to Section 11.04 of the Indenture (Section 11.04);

                                      -5-
<PAGE>

          (AB) the preparation and delivery to Noteholders and the Indenture
     Trustee of any agreements with respect to alternate payment and notice
     provisions (Section 11.06);

          (AC) the recording of the Indenture, if applicable (Section 11.15);
     and

          (AD) the preparation of Definitive Notes in accordance with the
     Instructions of the Depository (Section 2.11).

          (ii) The Administrator will:

          (A)  pay the Indenture Trustee (and any separate trustee or co-trustee
     appointed pursuant to Section 6.10 of the Indenture (a "Separate Trustee"))
     from time to time reasonable compensation for all services rendered by the
     Indenture Trustee or Separate Trustee, as the case may be, under the
     Indenture (which compensation shall not be limited by any provision of law
     in regard to the compensation of a trustee of an express trust);

          (B)  except as otherwise expressly provided in the Indenture,
     reimburse the Indenture Trustee or any Separate Trustee upon its request
     for all reasonable expenses, disbursements and advances incurred or made by
     the Indenture Trustee or Separate Trustee, as the case may be, in
     accordance with any provision of the Indenture (including the reasonable
     compensation, expenses and disbursements of its agents and counsel), except
     any such expense, disbursement or advance as may be attributable to its
     negligence or bad faith;

          (C)  indemnify the Indenture Trustee and any Separate Trustee and
     their respective agents for, and hold them harmless against any losses,
     liability or expense incurred without negligence or bad faith on their
     part, arising out of or in connection with the acceptance or administration
     of the transactions contemplated by the Indenture, including the reasonable
     costs and expenses of defending themselves against any claim or liability
     in connection with the exercise or performance of any of their powers or
     duties under the Indenture; and

          (D)  indemnify the Owner Trustee and its agents for, and hold them
     harmless against, any losses, liability or expense incurred without gross
     negligence or bad faith on their part, arising out of or in connection with
     the acceptance or administration of the transactions contemplated by the
     Trust Agreement, including the reasonable costs and expenses of defending
     themselves against any claim or liability in connection with the exercise
     or performance of any of their powers or duties under the Trust Agreement.

     (b)  Additional Duties. (i) In addition to the duties of the Administrator
          -----------------
set forth above, the Administrator shall perform such calculations and shall
prepare or shall cause the preparation by other appropriate persons of, and
shall execute on behalf of the Issuer or the Owner Trustee, all such documents,
reports, filings, instruments, certificates, notices and opinions that it shall
be the duty of the Issuer or the

                                      -6-
<PAGE>

Owner Trustee to prepare, file or deliver pursuant to the Related Agreements or
Section 5.5(a)(i), (ii), (iii) or (v) of the Trust Agreement or Section 7.04(b)
or (c) of the Sale and Servicing Agreement, and at the request of the Owner
Trustee shall take all appropriate action that it is the duty of the Issuer or
the Owner Trustee to take pursuant to the Related Agreements.  In furtherance
thereof, the Owner Trustee shall, on behalf of itself and of the Issuer, execute
and deliver to the Administrator and to each successor Administrator appointed
pursuant to the terms hereof, one or more powers of attorney substantially in
the form of Exhibit A hereto, appointing the Administrator the attorney-in-fact
of the Owner Trustee and the Issuer for the purpose of executing on behalf of
the Owner Trustee and the Issuer all such documents, reports, filings,
instruments, certificates and opinions.  Subject to Section 5 of this Agreement,
and in accordance with the directions of the Owner Trustee, the Administrator
shall administer, perform or supervise the performance of such other activities
in connection with the Indenture Collateral (including the Related Agreements)
as are not covered by any of the foregoing provisions and as are expressly
requested by the Owner Trustee and are reasonably within the capability of the
Administrator.  Such responsibilities shall include the obtainment and
maintenance of any licenses required to be obtained or maintained by the Issuer
under the Delaware business trust statute (Chapter 38 of Title 12 of The
Delaware Code, 12 Del. Code (S) 3801 et seq. (the "Delaware Business Trust
                                     -- ---
Statute").  In addition, the Administrator shall promptly notify the Indenture
Trustee and the Owner Trustee in writing of any amendment to the Delaware
Business Trust Statute that would affect the duties or obligations of the
Indenture Trustee or the Owner Trustee under any Related Agreement and shall
assist the Indenture Trustee or the Owner Trustee in its obtainment and
maintenance of any licenses required to be obtained or maintained by the
Indenture Trustee or the Owner Trustee thereunder.  In connection therewith, the
Administrator shall cause the Seller to pay all fees and expenses under such
Act.

          (ii)   Notwithstanding anything in this Agreement or the Related
Agreements to the contrary, the Administrator shall be responsible for promptly
notifying the Owner Trustee in the event that any withholding tax is imposed on
the Trust's payments (or allocations of income) to an Owner as contemplated in
Section 5.2(f) of the Trust Agreement.  Any such notice shall specify the amount
of any withholding tax required to be withheld by the Owner Trustee pursuant to
such provision.

          (iii)  Notwithstanding anything in this Agreement or the Related
Agreements to the contrary, the Administrator shall be responsible for
performance of the duties set forth in Section 5.5(a)(i), (ii), (iii), (iv) and
(v) of the Trust Agreement with respect to, among other things, accounting and
reports to Owners.

          (iv)   The Administrator shall satisfy its obligations with respect to
clauses (ii) and (iii) above by retaining, at the expense of the Issuer payable
by the Administrator, a firm of independent public accountants (the
"Accountants") acceptable to the Owner Trustee, which shall perform the
obligations of the Administrator thereunder.

          (v)    The Administrator shall perform the duties of the Administrator
specified in Section 10.2 of the Trust Agreement required to be performed in
connection with the resignation or removal of the

                                      -7-
<PAGE>

Owner Trustee, and any other duties expressly required to be performed by the
Administrator under the Trust Agreement.

          (vi) In carrying out the foregoing duties or any of its other
obligations under this Agreement, the Administrator may enter into transactions
or otherwise deal with any of its affiliates; provided, however, that the terms
of any such transactions or dealings shall be in accordance with any directions
received from the Issuer and shall be, in the Administrator's opinion, no less
favorable to the Issuer than would be available from unaffiliated parties.

     (c)  Non-Ministerial Matters.  (i)  With respect to matters that in the
          -----------------------
reasonable judgment of the Administrator are non-ministerial, the Administrator
shall not take any such action unless within a reasonable time before the taking
of such action, the Administrator shall have notified the Owner Trustee of the
proposed action and the Owner Trustee shall not have withheld consent or
provided an alternative direction.  For the purpose of the preceding sentence,
"non-ministerial" shall include, without limitation:

          (A)  the amendment of or any supplement to the Indenture;

          (B)  the initiation of any claim or lawsuit by the Issuer and the
     compromise of any action, claim or lawsuit brought by or against the Issuer
     (other than in connection with the collection of the Contracts or Eligible
     Investments);

          (C)  the amendment, change or modification of the Related Agreements;

          (D)  the appointment of successor Note Registrars, successor Paying
     Agents and successor Indenture Trustees pursuant to the Indenture or the
     appointment of successor Administrators or successor Servicers, or the
     consent to the assignment by the Note Registrar, Paying Agent or Indenture
     Trustee of its obligations under the Indenture; and

          (E)  the removal of the Indenture Trustee.

          (ii) Notwithstanding anything to the contrary in this Agreement, the
Administrator shall not be obligated to, and shall not, (x) make any payments to
the Noteholders under the Related Agreements, (y) sell the Trust Estate pursuant
to Section 5.04 or 10.04 of the Indenture or (z) take any other action that the
Issuer directs the Administrator not to take on its behalf.

     2.   Records. The Administrator shall maintain appropriate books of account
          -------
and records relating to services performed hereunder, which books of account and
records shall be accessible for inspection by the Issuer, the Seller and the
Servicer at any time during normal business hours.

     3.   Compensation. As compensation for the performance of the
          ------------
Administrator's obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be

                                      -8-
<PAGE>

entitled to a monthly fee to be determined by the Seller and the Administrator,
which shall be solely an obligation of the Seller.

     4.  Additional Information to be Furnished to the Issuer. The Administrator
         ----------------------------------------------------
shall furnish to the Issuer from time to time such additional information
regarding the Indenture Collateral as the Issuer shall reasonably request.

     5.  Independence of the Administrator. For all purposes of this Agreement,
         ---------------------------------
the Administrator shall be an independent contractor and shall not be subject to
the supervision of the Issuer or the Owner Trustee with respect to the manner in
which it accomplishes the performance of its obligations hereunder. Unless
expressly authorized by the Issuer, the Administrator shall have no authority to
act for or represent the Issuer or the Owner Trustee in any way and shall not
otherwise be deemed an agent of the Issuer or the Owner Trustee.

     6.  No Joint Venture. Nothing contained in this Agreement (i) shall
         ----------------
constitute the Administrator and either of the Issuer or the Owner Trustee as
members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) shall be construed to
impose any liability as such on any of them, or (iii) shall be deemed to confirm
on any of them any express, implied or apparent authority to incur any
obligation or liability on behalf of the others.

     7.  Other Activities of Administrator. Nothing herein shall prevent the
         ---------------------------------
Administrator or its Affiliates from engaging in other businesses or, in its
sole discretion, from acting in a similar capacity as an administrator for any
other person or entity even though such person or entity may engage in business
activities similar to those of the Issuer, the Owner Trustee or the Indenture
Trustee.

     8.  Term of Agreement; Resignation and Removal of Administrator. (a) This
         -----------------------------------------------------------
Agreement shall continue in force until the dissolution of the Issuer, upon
which event this Agreement shall automatically terminate.

     (b) The Administrator may resign its duties hereunder by providing the
Issuer with at least 60 days' prior written notice.

     (c) The Issuer may remove the Administrator without cause by providing the
Administrator with at least 60 days' prior written notice.

     (d) At the sole option of the Issuer, the Administrator may be removed
immediately upon written notice of termination from the Issuer to the
Administrator if any of the following events shall occur:

         (i) the Administrator shall default in the performance of any of its
     duties under this Agreement and, after notice of such default, shall not
     cure such default within ten days (or, if such

                                      -9-
<PAGE>

     default cannot be cured in such time, shall not give within ten days such
     assurance of cure as shall be reasonably satisfactory to the Issuer);

          (ii)   a court having jurisdiction in the premises shall enter a
     decree or order for relief, and such decree or order shall not have been
     vacated within 60 days, in respect of the Administrator in any involuntary
     case under any applicable bankruptcy, insolvency or other similar law now
     or hereafter in effect or appoint a receiver, liquidator, assignee,
     custodian, trustee, sequestrator or similar official for the Administrator
     or any substantial part of its property or order the winding-up or
     liquidation of its affairs; or

          (iii)  the Administrator shall commence a voluntary case under any
     applicable bankruptcy, insolvency or other similar law now or hereafter in
     effect, shall consent to the entry of an order for relief in an involuntary
     case under any such law, shall consent to the appointment of a receiver,
     liquidator, assignee, trustee, custodian, sequestrator or similar official
     for the Administrator or any substantial part of its property, shall
     consent to the taking of possession by any such official of any substantial
     part of its property, shall make any general assignment for the benefit of
     creditors or shall fall generally to pay its debts as they become due.

     The Administrator agrees that if any of the events specified in clauses
(ii) or (iii) of this Section shall occur, it shall give written notice thereof
to the Issuer and the Indenture Trustee within seven days after the happening of
such event.

     (e)  No resignation or removal of the Administrator pursuant to this
Section shall be effective until (i) a successor Administrator shall have been
appointed by the Issuer and (ii) such successor Administrator shall have agreed
in writing to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder.

     (f)  The appointment of any successor Administrator shall be effective
only after satisfaction of the Rating Agency Condition with respect to the
proposed appointment.

     (g)  Subject to Section 8(e) and 8(f), the Administrator acknowledges that
upon the appointment of a successor Servicer pursuant to the Sale and Servicing
Agreement, the Administrator shall immediately resign and such successor
Servicer shall automatically become the Administrator under this Agreement.

     9.   Action Upon Termination, Resignation or Removal. Promptly upon the
          -----------------------------------------------
effective date of termination of this Agreement pursuant to Section 8(a) or the
resignation or removal of the Administrator pursuant to Section 8(b) or (c),
respectively, the Administrator shall be entitled to be paid all fees and
reimbursable expenses accruing to it to the date of such termination,
resignation or removal. The Administrator shall forthwith upon such termination
pursuant to Section 8(a) deliver to the Issuer all property and documents of or
relating to the Indenture Collateral then in the custody of the Administrator.

                                      -10-
<PAGE>

In the event of the resignation or removal of the Administrator pursuant to
Section 8(b) or (c), respectively, the Administrator shall cooperate with the
Issuer and take all reasonable steps requested to assist the Issuer in making an
orderly transfer of the duties of the Administrator.

     10.  Notices.  Any notice, report or other communication given hereunder
          -------
shall be in writing and addressed as follows:

     (a)  If to the Issuer or the Owner Trustee, to:

               Wilmington Trust Company
               Rodney Square North
               1100 North Market Street
               Wilmington, Delaware 19890-0001
               Attn:  Corporate Trust Administration

     (b)  If to the Administrator, to:

               Conseco Finance Servicing Corporation
               1100 Landmark Towers
               345 St. Peter Street St. Paul, Minnesota 55102-1639
               Attn:  Chief Financial Officer

     (c)  If to the Indenture Trustee, to:

               U.S. Bank Trust National Association
               180 East Fifth Street St.
               Paul, Minnesota 55101
               Attn:  Corporate Trust Administration, Structured Finance

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed given
if such notice is mailed by certified mail, postage prepaid, or hand-delivered
to the address of such party as provided above.

     11.  Amendments.  This Agreement may be amended from time to time by a
          ----------
written amendment duly executed and delivered by the Issuer, the Administrator
and the Indenture Trustee, with written prior notice to Moody's and with the
written consent of the Owner Trustee, without the consent of the Noteholders and
the Certificateholders, for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Noteholders or Certificateholders;
provided that such amendment will not, in the Opinion of Counsel satisfactory to
the Indenture Trustee, materially and adversely affect the interest of any
Noteholder or

                                      -11-
<PAGE>

Certificateholder. This Agreement may also be amended by the Issuer, the
Administrator and the Indenture Trustee with the written consent of the Owner
Trustee and the Controlling Noteholders and the holders of Certificates
evidencing a Certificate Majority for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Agreement or
of modifying in any manner the rights of Noteholders or the Certificateholders;
provided, however, that no such amendment may (i) increase or reduce in any
manner the amount of, or accelerate or delay the timing of, collections of
payments on Contracts or distributions that are required to be made for the
benefit of the Noteholders or the Certificateholders or (ii) reduce the
aforesaid percentage of the Notes and Certificates which are required to consent
to any such amendment, without the consent of the holders of all the outstanding
Notes and Certificates. Notwithstanding the foregoing, the Administrator may not
amend this Agreement without the permission of the Seller and the Company, which
permission shall not be unreasonably withheld.

     12.  Successors and Assigns. This Agreement may not be assigned by the
          ----------------------
Administrator unless such assignment is previously consented to in writing by
the Issuer and the Owner Trustee and subject to the satisfaction of the Rating
Agency Condition in respect thereof. An assignment with such consent and
satisfaction, if accepted by the assignee, shall bind the assignee hereunder in
the same manner as the Administrator is bound hereunder. Notwithstanding the
foregoing, this Agreement may be assigned by the Administrator without the
consent of the Issuer or the Owner Trustee to a corporation or other
organization that is a successor (by merger, consolidation or purchase of
assets) to the Administrator; provided that such successor organization executes
and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an
agreement in which such corporation or other organization agrees to be bound
hereunder by the terms of said assignment in the same manner as the
Administrator is bound hereunder. Subject to the foregoing, this Agreement shall
bind any successors or assigns of the parties hereto.

     13.  Governing Law.  THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
          -------------
THE LAWS OF THE STATE OF MINNESOTA, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     14.  Headings.  The section headings hereof have been inserted for
          --------
convenience of reference only and shall not be construed to affect the meaning,
construction or effect of this Agreement.

     15.  Counterparts.  This Agreement may be executed in counterparts, each of
          ------------
which when so executed shall be an original, but all of which together shall
constitute but one and the same agreement.

     16.  Severability.  Any provision of this Agreement that is prohibited or
          ------------
unenforceable in any jurisdiction shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

                                      -12-
<PAGE>

     17.  Not Applicable to Conseco Finance Servicing Corporation in Other
          ----------------------------------------------------------------
Capacities.  Nothing in this Agreement shall affect any obligation Conseco
----------
Finance Servicing Corporation may have in any other capacity.

     18.  Limitation of Liability of Owner Trustee and Indenture Trustee. (a)
          --------------------------------------------------------------
Notwithstanding anything contained herein to the contrary, this instrument has
been countersigned by Wilmington Trust Company not in its individual capacity
but solely in its capacity as Owner Trustee of the Issuer and in no event shall
Wilmington Trust Company in its individual capacity or any beneficial owner of
the Issuer have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder, as to all of which
recourse shall be had solely to the assets of the Issuer. For all purposes of
this Agreement, in the performance of any duties or obligations of the Issuer
hereunder, the Owner Trustee shall be subject to, and entitled to the benefits
of, the terms and provisions of Articles VI, VII and VIII of the Trust
Agreement.

     (b)  Notwithstanding anything contained herein to the contrary, this
Agreement has been countersigned by U.S. Bank Trust National Association not in
its individual capacity but solely as Indenture Trustee and in no event shall
U.S. Bank Trust National Association have any liability for the representations,
warranties, covenants, agreements or other obligations of the Issuer hereunder
or in any of the certificates, notices or agreements delivered pursuant hereto,
as to all of which recourse shall be had solely to the assets of the Issuer.

     19.  Third-Party Beneficiary.  The Owner Trustee is a third-party
          -----------------------
beneficiary to this Agreement and is entitled to the rights and benefits
hereunder and may enforce the provisions hereof as if it were a party hereto.

     20.  Limitation of Liability.  It is expressly understood and agreed by the
          -----------------------
parties hereto that (a) this Agreement is executed and delivered by Wilmington
Trust Company, not individually or personally but solely as Owner Trustee of
Conseco Finance Recreational Enthusiast Consumer Trust 2000-A, in the exercise
of the powers and authority conferred and vested in it, (b) each of the
representations, undertakings and agreements herein made on the part of the
Issuer is made and intended not as personal representations, undertakings and
agreements by Wilmington Trust Company but is made and intended for the purpose
for binding only the Issuer, (c) nothing herein contained shall be construed as
creating any liability on Wilmington Trust Company, individually or personally,
to perform any covenant either expressed or implied contained herein, all such
liability, if any, being expressly waived by the parties hereto and by any
Person claiming by, through or under the parties hereto and (d) under no
circumstances shall Wilmington Trust Company be personally liable for the
payment of any indebtedness or expenses of the Issuer or be liable for the
breach or failure of any obligation, representation, warranty or covenant made
or undertaken by the Issuer under this Agreement or any other related documents.

                                      -13-
<PAGE>

          IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                              CONSECO FINANCE RECREATIONAL
                              ENTHUSIAST CONSUMER TRUST 2000-A

                              By: WILMINGTON TRUST COMPANY, not in its
                                  individual capacity but solely as Owner
                                  Trustee

                              By: /s/ Patricia A. Evans
                                  -------------------------------
                                  Name:  Patricia A. Evans
                                  Title: Senior Financial Services Officer

                              U.S. BANK TRUST NATIONAL ASSOCIATION,
                              not in its individual capacity but solely as
                              Indenture Trustee

                              By: /s/ Harry H. Hall
                                  -------------------------------
                                  Name:  Harry H. Hall
                                  Title: Vice President

                              CONSECO FINANCE SERVICING
                              CORPORATION, as Administrator

                              By: /s/ Phyllis A. Knight
                                  -------------------------------
                                  Name:  Phyllis A. Knight
                                  Title: Senior Vice President and Treasurer

                                      -14-
<PAGE>

                                                                       EXHIBIT A

                               POWER OF ATTORNEY

STATE OF           )
                   )
COUNTY OF     )

     KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust Company, a Delaware
banking corporation, not in its individual capacity but solely as owner trustee
(the "Owner Trustee") for Conseco Finance Recreational Enthusiast Consumer Trust
2000-A (the "Trust"), does hereby make, constitute and appoint Conseco Finance
Servicing Corporation, as administrator under the Administration Agreement dated
as of June 1, 2000 (the "Administration Agreement"), among the Trust, Conseco
Finance Servicing Corporation and U.S. Bank Trust National Association, as
Indenture Trustee, as the same may be amended from time to time, and its agents
and attorneys, as Attorneys-in-Fact to execute on behalf of the Owner Trustee or
the Trust all such documents, reports, filings, instruments, certificates and
opinions as it should be the duty of the Owner Trustee or the Trust to prepare,
file or deliver pursuant to the Related Documents, or pursuant to Section
5.5(a)(i), (ii), (iii), (iv) or (v) of the Trust Agreement, including, without
limitation, to appear for and represent the Owner Trustee and the Trust in
connection with the preparation, filing and audit of federal, state and local
tax returns pertaining the Trust, and with full power to perform any and all
acts associated with such returns and audits that the Owner Trustee could
perform, including without limitation, the right to distribute and receive
confidential information, defend and assert positions in response to audits,
initiate and defend litigation, and to execute waivers of restrictions on
assessments of deficiencies, consents to the extension of any statutory or
regulatory time limit, and settlements.

     All powers of attorney for this purpose heretofore filed or executed by the
Owner Trustee are hereby revoked.

                                     -1-
<PAGE>

     Capitalized terms that are used and not otherwise defined herein shall have
the meanings ascribed thereto in the Administration Agreement.

     EXECUTED this ____ of __________, 2000.

                              WILMINGTON TRUST COMPANY, not in its individual
                              capacity but solely as Owner Trustee

                              By: _____________________________________
                                  Name:________________________________
                                  Title:_______________________________

STATE OF       )
               )
COUNTY OF      )

     Before me, the undersigned authority, on this day personally appeared
________________, known to me to be the person whose name is subscribed to the
foregoing instrument, and acknowledged to me that he/she signed the same for the
purposes and considerations therein expressed.

Sworn to before me this _____ day of ________________, 2000.

Notary Public - State of

                                      -2-

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