UNITED PAN AM MORTGAGE LOAN ASSET BACKED CERT SERIES 1999-2
15-15D, 2000-02-04
ASSET-BACKED SECURITIES
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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:  333-62547-01

                UNITED PANAM MORTGAGE LOAN ASSET BACKED CERTIFICATES,
                                   SERIES 1999-2
              (Exact name of registrant as specified in its charter)

                    100 NORTH TRYON STREET, CHARLOTTE, NORTH CAROLINA, 28255
                                  (704) 386-2400
          (Address, including zip code, and telephone number, including area
                  code, of registrant's principal executive offices)

               UNITED PANAM MORTGAGE LOAN ASSET-BACKED CERTIFICATES,
                                   SERIES 1999-2
                             CLASS A-1 AND CLASS A-2.
           (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)    [X]     Rule 12h-3(b)(1)(ii)    [X]
              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)    [ ]

          Approximate number of holders of record as of the certification
                                or notice date:  13

                            SEE ATTACHED CERTIFICATION


     Pursuant to the requirements of the Securities Exchange Act of 1934
     (Name of registrant as specified in charter) has caused this
     certification/notice to be signed on its behalf by the undersigned duly
     authorized person.


     DATE:  January 21, 2000     By:  /s/ Judy L. Gomez
                                 Judy L. Gomez
                                 Assistant Vice President
                                 Bankers Trust Company of California, N.A.


     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.


                            ACCOUNT HOLDER CERTIFICATION

                 UNITED PANAM MORTGAGE LOAN ASSET-BACKED CERTIFICATES,
                                   SERIES 1999-2


                        Commission File Number:  333-62547-01

          I hereby certify that the following information is correct:

                                         CERTIFICATE HOLDERS
              NAME OF SECURITY           AS OF DECEMBER 31, 1999.

              CLASS A-1                  1
              CLASS A-2                  12


              TOTAL


     Date:  January 21, 2000

                                  Bankers Trust Company of California, N.A.,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of October 1, 1999.


                                        By:  /s/ Judy L. Gomez
                                        Judy L. Gomez
                                        Assistant Vice President
                                        Bankers Trust Company of California,
                                        N.A.



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