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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: 333-24327
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NovaStar Home Equity Loan Trust Series 1997-2
(Issuer in respect of the NovaStar Home Equity Loan Asset-
Backed Bonds Series 1997-2)
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(Exact name of registrant as specified in its charter)
c/o First Union National Bank, 230 South Tryon Street, 9th Floor,
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 1997-2
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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 12h-3(b)(2)(ii) [ ]
Rule 12h-3(b)(1)(i) [X] Rule 15d-6 [X]
Approximate number of holders of record as of the
certification or notice date: 1
Pursuant to the requirements of the Securities Exchange Act of 1934
NovaStar Home Equity Loan Trust Series 1997-2 has caused this
certification/notice to be signed on its behalf by the undersigned duly
authorized person.
DATE: January 15, 1998 BY: First Union National Bank, as Indenture
Trustee and on behalf of NovaStar Home
Equity Loan Trust Series 1997-2
BY: /s/ Robert Ashbaugh
