SOVEREIGN CREDIT FINANCE I INC
15-15D, 1997-07-30
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549
                                   FORM 15

     Certification and Notice of Termination of Registration under Section 
12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File 
Reports Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.

                      Commission File Number:  333-04072

                       SOVEREIGN CREDIT FINANCE I, INC.
            (Exact name of registrant as specified in its charter)

                        4015 Beltline Road, Building B
                             Dallas, Texas 75244
                                (972) 960-5500
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                       11% notes due February 15, 2001
           (Title of each class of securities covered by this Form)

                                     None
  (Titles of all other classes of securities for which a duty to file reports
                    under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule 
provision(s) relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)(i)   [ ]

Rule 12g-4(a)(1)(ii)  [ ]

Rule 12g-4(a)(2)(i)   [ ]

Rule 12g-4(a)(2)(ii)  [ ]

Rule 12h-3(b)(1)(i)   [ ]

Rule 12h-3(b)(1)(ii)  [ ]

quad Rule 12h-3(b)(2)(i)  [ ]

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Rule 12h-3(b)(2)(i)  [ ]

Rule 12h-3(b)(2)(ii)  [ ]

Rule 15d-6        [X]

     Approximate number of holders of record as of the certification or 
notice date:

                                     240

     Pursuant to the requirements of the Securities Exchange Act of 1934, 
SOVEREIGN CREDIT FINANCE I, INC. has caused this certification/notice to be 
signed on its behalf by the undersigned duly authorized person.




DATE: July 30, 1997          BY:  /s/ A. Starke Taylor, III
                                  --------------------------------
                                  A. Starke Taylor, III, President

INSTRUCTION: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the 
General Rules and Regulations under the Securities Exchange Act of 1934. The 
registrant shall file with the Commission three copies of Form 15, one of 
which shall be manually signed. It may be signed by an officer of the 
registrant, by counsel or by any other duly authorized person. The name and 
title of the person signing the form shall be typed or printed under the 
signature.

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