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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 No. 333-64775
NovaStar Mortgage Funding Trust, Series 1999-1
(Issuer in respect of the NovaStar Home Equity Loan Asset-
Backed Bonds, Series 1999-1)
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(Exact name of registrant as specified in its charter)
c/o First Union National Bank, 401 South Tryon Street
Charlotte, NC 28288-1179, (704) 383-9568
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(Address, including zip code and telephone number, including
area code, of registrant's principal executive offices)
NovaStar Home Equity Loan Asset-Backed Bonds, Series 1999-1
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(Title of each class of securities covered by this Form)
None
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(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: 1
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Pursuant to the requirements of the Securities Exchange Act of 1934,
NovaStar Mortgage Funding Trust, Series 1998-1 has caused this
certification/notice to be signed on its behalf by the undersigned duly
authorized person.
Dated: January 27, 2000 By: First Union National Bank,
as Indenture Trustee and on behalf
of NovaStar Mortgage Funding
Trust, Series 1999-1
By: /s/ Robert Ashbaugh
