IMPERIAL CREDIT INDUSTRIES INC
NT 10-K, 1997-03-31
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                  U.S. SECURITIES AND EXCHANGE COMMISSION    
                            Washington, D.C. 20549          
                                                            
                                  FORM 12b-25               
                                                            
                          NOTIFICATION OF LATE FILING       
                                   (CHECK ONE)              
                                                            
[X] Form 10-K and Form 10-KSB  [_] Form 20-F  [_] Form 11-K  [_] Form 10-Q and
Form 10-QSB  [_] Form N-SAR          
                                                            
     For the fiscal year ended December 31, 1996
     [_]  Transition Report on Form 10-K                    
     [_]  Transition Report on Form 20-F                    
     [_]  Transition Report on Form 11-K                    
     [_]  Transition Report on Form 10-Q                    
     [_]  Transition Report on Form N-SAR                   
     For the Transition Period Ended:
                                     -------------------------------------------

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  Read Attached Instruction Sheet Before Preparing Form. Please Print or Type

     Nothing in this form shall be construed to imply that the Commission has 
verified any information contained herein.

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     If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

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PART I--REGISTRANT INFORMATION
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                       IMPERIAL CREDIT INDUSTRIES, INC.
            (Exact name of registrant as specified in its charter)

         California                                          95-4054791
(State or other jurisdiction                              (I.R.S. Employer 
of incorporation or organization)                         Identification Number)

23550 Hawthorne Boulevard, Building 1, Suite 110               90505
   Torrance, California 90505                                 (Zip Code)
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PART II--RULES 12b-25 (b) AND (c)

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     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b) [Paragraph 
23,047], the following should be completed:

     [X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
     [X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or before the fifteenth calendar day following the prescribed due

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date; or the subject quarterly report or transition report on Form 10-Q or 
portion thereof will be filed on or before the fifth calendar day following
the prescribed due date; and [Amended in Release No. 34-26589 (Paragraph 
72.435), effective April 12, 1989, 54 F.R. 10306]
     [_] (c) The accountant's statement or other exhibit required by 
Rule 12b-25(c) has been attached if applicable.

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PART III--NARRATIVE

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     State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed time period. [Amended in
Release No. 34-26589 (Paragraph 72,435), effective April 12, 1989, 54 F.R.
10306; and Release No. 34-30968 (Paragraph 72,439), effective August 13, 1992,
57 F.R. 36442.]

      Due to clerical, staffing, and other related time constraints, the 
registrant is unable to obtain and consolidate the detailed financial results of
each of its recently acquired operating divisions or subsidiaries in a timely 
manner. The Company intends to file the prescribed report within the allowed 
extension period.

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PART IV--OTHER INFORMATION

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     (1) Name and telephone number of person to contact in regard to this 
notification.

              Paul B. Lasiter                (310)          791-8028
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                  (Name)                   (Area Code)     (Telephone Number)

     (2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If the
answer is no, identify report(s).

                                                                  [X] Yes [_] No

     (3) Is it anticipated that any significant change in results of operations 
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                                  [X] Yes [_] No

If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable 
estimate of the results cannot be made.

                       IMPERIAL CREDIT INDUSTRIES, INC.
            (Exact name of registrant as specified in its charter) 
            
has caused this notification to be signed on its behalf by the undersigned 
thereto duly authorized.

Date  March 31, 1997                    By  /s/ Paul B. Lasiter
    ----------------------------------    --------------------------------------
                                                Paul B. Lasiter

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                                   ATTENTION
     Intentional misstatements or omissions of fact constitute Federal Criminal 
Violations (See 18 U.S.C. 1001)

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