SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
Reported) August 28, 1996
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC., (as
depositor under the Pooling and Servicing Agreement, dated as of August
1, 1996, which forms FURST Home Equity Loan Trust 1996-1, which will
issue Series 1996-1 Home Equity Loan Asset-Backed Certificates).
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC.
(Exact name of registrant as specified in its charter)
North Carolina 333-3574 56-1967773
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification #)
301 South College Street
Charlotte, North Carolina 28202
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code 704-383-3624
- - -----------------------------------------------------------------
Item 5. Other Events
On August 28, 1996, the Registrant caused the issuance and sale of
approximately $157,259,000 initial principal amount of Home Equity Loan
Asset-Backed Certificates, Series 1996-1, Class A-1, Class A-2, Class A-3,
Class A-4, Class A-5, Class B and Class R (collectively, the "Certificates")
pursuant to a Pooling and Servicing agreement dated as of August 1, 1996,
among the Registrant, First Union National Bank of North Carolina, as
seller and master servicer, First Union National Bank of North Carolina,
Trust Department, as document custodian, and Norwest Bank Minnesota,
National Association, as trustee.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
The following exhibits are filed herewith. The exhibit numbers
correspond with Item 601(b) of Regulation S-K.
3.1 Amended Articles of Incorporation of First Union
Residential Securitization Transactions, Inc.
3.2 Amended and Restated Bylaws of First Union Residential
Securitization Transactions, Inc.
4 Pooling and Servicing Agreement for Home Equity
Loan Asset-Backed Certificates, Series 1996-1
8 Opinion of Moore & Van Allen, PLLC as to tax matters
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant duly caused this report to be signed on it's behalf by the
undersigned hereunto duly authorized.
FIRST UNION SECURITIZATION
TRANSACTIONS, INC.
By: /s/ Patrick J. Tadie
Name: Patrick J. Tadie
Title: Vice President
Dated: August 31, 1996
- 2 -
Exhibit Index
Exhibit Page
3.1 Amended Articles of Incorporation of First
Union Residential Securitization Transactions,
Inc.
3.2 Amended and Restated Bylaws of First Union Residential
Securitization Transactions, Inc.
4 Pooling and Servicing Agreement for Home Equity Loan
Asset-Backed Certificates, Series 1996-1
8 Opinion of Moore & Van Allen, PLLC as to tax
matters
- 3 -