SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
Purpose: To supplement in part Part IV, Item 14(c) of Company's
previously filed Form 10-K in order to file as an exhibit
the Annual Servicing Report of Company's Independent
Public Accountants.
Commission File Nos. 33-98098
REVOLVING HOME EQUITY LOAN TRUST 1995-2
(Exact name of Registrant as specified in Department
of the Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
DELAWARE 36-3670374
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation of Servicer) Number of Registrant
2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS 60070
(Address of principal executive offices of (Zip Code)
Servicer)
Servicer's telephone number, including area code (847) 564-5000
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
amendment to be signed on behalf of the Revolving Home Equity Loan
Trust 1995-2 by the undersigned, thereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
REVOLVING HOME EQUITY LOAN TRUST 1995-2
(Registrant)
Date: April 10, 1996 By:/s/John W. Blenke
John W. Blenke
Assistant Secretary
U:\WP\HFS088\95-10K\RHEL95-2.AMD
Exhibit Index
Exhibit No. Exhibit Page
No.
99 Copy of Independent Public Accountants 4
Annual Servicing Report dated January 24,
1996.
Report of Independent Public Accountants
To Household Finance Corporation:
We have audited, in accordance with generally accepted auditing
standards, the consolidated financial statements of Household
Finance Corporation (the "Company") and subsidiaries as of
December 31, 1995 and have issued our report thereon dated January
24, 1996. We have not audited any financial statements of the
Company as of any date or for any period subsequent to December 31,
1995, or performed any audit procedures subsequent to the date of
our report on those statements.
In connection with our audit, nothing came to our attention that
caused us to believe that the Company was not in compliance with
any of the terms, covenants, provisions, or conditions of
the Pooling and Servicing Agreement (the "Agreement"), dated May 1,
1995, in conjunction with the Revolving Home Equity Loan Asset
Backed Certificates Series 1995-1 insofar as they relate to
accounting matters. It should be noted, however, that our audit
was not directed primarily toward obtaining knowledge of such
noncompliance.
As a part of our audit, we made a study and evaluation of the
Company's system of internal accounting controls over the Company's
home equity loan portfolio, including those loans serviced under
the Agreement to the extent we considered necessary to evaluate the
system as required by generally accepted auditing standards. In
accordance with these standards, the purpose of our study and
evaluation, which included obtaining an understanding of the
accounting systems, was to determine the nature, timing and extent
of the auditing procedures necessary for expressing an opinion on
the financial statements. Our study and evaluation also took into
consideration certain of the criteria and audit requirements in the
Audit Guide for Audits of Non-Supervised Mortgages Approved by the
Department of Housing and Urban Development. However, certain
procedures included in the audit guide are not applicable to the
home equity loans being serviced for the Trustee, and therefore,
were not performed.
Our audit disclosed no exceptions or errors in records relating to
home equity loans serviced for the Trustee that, in our opinion,
Section 3.10 of the Agreement required us to report.
This report is intended solely for the information and use of the
Board of Directors and management of the Company and should not be
used for any other purpose.
/s/ Arthur Andersen LLP
Chicago, Illinois
January 24, 1996
