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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
August 22, 2000
Advanta Conduit Receivables, Inc., as Sponsor
on behalf of Advanta Mortgage Loan Trust 2000-2
(Exact name of registrant as specified in its charter)
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Nevada 333-92669 88-0360305
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(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
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Attention: General Counsel
10790 Rancho Bernardo Drive
San Diego, California 92127
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number,
including area code (858) 676-3099
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Advanta Conduit Receivables, Inc.
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(Exact name of registrant as specified in its charter)
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Nevada 333-92669 88-0360305
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(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
Description of the Certificates and the Mortgage Loans
Advanta Conduit Receivables, Inc. (the "Registrant" or the
"Sponsor") registered an issuance of $700,051,007.00 in principal amount of
Mortgage Loan Asset-Backed Certificates on a delayed or continuous basis
pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"),
by the Registration Statement on Form S-3 (File No. 333-92669) (the
"Registration Statement").
Pursuant to the Registration Statement, the Sponsor formed
Advanta Mortgage Loan Trust 2000-21 (the "Trust") which issued approximately
$649,728,000 in aggregate principal amount of its Mortgage Loan Asset-Backed
Certificates (the "Certificates"), on August 22, 2000(the "Closing Date").
This Current Report on Form 8-K is being filed to satisfy an
undertaking to file copies of certain opinions issued in connection with the
issuance of the Certificates, the forms of which were filed as Exhibits to the
Registration Statement.
The primary asset of the Trust consists of a pool of fixed
rate, sub-prime residential mortgage loans. which were conveyed to the Trust on
the Closing Date. As of the Closing Date, the Mortgage Loans had the
characteristics described in the Prospectus dated December 28, 1999 and the
Prospectus Supplement dated August 16, 2000 filed pursuant to Rule 424(b)(5) of
the Act with the Commission.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits:
5.1 Opinion of Dewey Ballantine LLP regarding legality of the
registered securities, dated August 22, 2000.
8.1 Opinion of Dewey Ballantine LLP regarding tax matters,
dated August 22, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.
ADVANTA CONDUIT RECEIVABLES, INC.
By: /s/ Michael Coco
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Name: Michael Coco
Title: Vice President
ADVANTA CONDUIT RECEIVABLES, INC., as Sponsor
on behalf of Advanta Mortgage Loan Trust2000-2.
By: /s/ Michael Coco
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Name: Michael Coco
Title: Vice President
Dated: August 22, 2000
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EXHIBIT INDEX
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Exhibit No. Description
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5.1 Opinion of Dewey Ballantine LLP regarding legality of the
registered securities, dated as of August 22, 2000.
8.1 Opinion of Dewey Ballantine LLP regarding tax matters, dated
as of August 22, 2000.
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