<PAGE>
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 NO. 333-28031-1
-----------
HEADLANDS MORTGAGE SECURITIES INC. (AS SPONSOR OF THE HEADLANDS HOME
EQUITY LOAN TRUST 1997-1 REVOLVING HOME EQUITY LOAN ASSET-BACKED
NOTES, SERIES 1997-1)
HEADLANDS MORTGAGE SECURITIES INC.
(Exact name of registrant as specified in its charter)
1100 Larkspur Landing Circle, Suite 101
Larkspur, CA 94939
(415) 461-6790
(Address, including zip code and telephone number,
including area code, of registrant's principal executive office)
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
provisions relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)(i) [_] Rule 12h-3(b)(1)(ii) [_]
Rule 12g-4(a)(1)(ii)[_] Rule 12h-3(b)(2)(I) [_]
Rule 12g-4(a)(2)(i) [_] Rule 12h-3(b)(2)(ii) [_]
Rule 12g-4(a)(2)(ii)[_] Rule 15d-6 [_]
Rule 12h-3(b)(1)(i) [X]
Approximate number of holders of record as of the certification or notice
date:
Four (4)
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, Headlands Mortgage Securities Inc. has caused this certification/notice
to be signed on its behalf by the undersigned duly authorized person.
Dated: April 1, 1998 HEADLANDS MORTGAGE SECURITIES INC.
By: /s/ Gilbert J. MacQuarrie
--------------------------
Name: Gilbert J. MacQuarrie
Title: Vice President, Treasurer and Secretary
