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 000-22959
CIT HOME EQUITY LOAN TRUST 1997-1
(Exact name of registrant as specified in its charter)
650 CIT Drive Livingston, New Jersey 07039, (973) 740-5000
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
CIT HOME EQUITY LOAN TRUST 1997-1
Class A-1 5.93% Asset Backed Certificates
Class A-2 6.17% Asset Backed Certificates
Class A-3 6.25% Asset Backed Certificates
Class A-4 6.37% Asset Backed Certificates
Class A-5 6.55% Asset Backed Certificates
Class A-6 6.67% Asset Backed Certificates
Class A-7 6.95% Asset Backed Certificates
Class A-8 6.65% Asset Backed Certificates
Class A-9 Asset Backed Certificates
Class M-1 6.85% Asset Backed Certificates
Class M-2 7.10% Asset Backed Certificates
Class B-1 7.45% Asset Backed Certificates
Class B-2 8.78% Asset Backed Certificates
(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 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 [x]
Rule 12h-3(b)(1)(i) [x]
Approximate number of holders of record as of the certification or
notice date: 95
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, CIT HOME
EQUITY LOAN TRUST 1997-1 has caused this certification/notice to be signed on
its behalf by the undersigned duly authorized person.
DATE: Janaury 14, 1998 CIT HOME EQUITY LOAN TRUST 1997-1,
the trust
By: The CIT Group/Consumer Finance, Inc.,
the Master Servicer
By: /s/ Frank Garcia
------------------
Name: Frank Garcia
Title: Vice President
