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) December 12, 1996
FIRST UNION RESIDENTIAL SECURITIZATION TRANSACTIONS, INC., (as
depositor under the Pooling and Servicing Agreement, dated as of
December 1, 1996, which forms FURST Home Equity Loan Trust 1996-2,
which will issue Series 1996-2 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 28288-0600
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code 704-383-3624
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Item 5. Other Events.
On December 12, 1996, the Registrant caused the issuance and sale of
$220,000,000 initial principal amount of Home Equity Loan Asset-Backed
Certificates, Series 1996-2, Class A-1, Class A-2, Class A-3, Class A-4, Class
A-5, Class B1-IO, Class B2-IO, Class RU and Class RL (collectively, the
"Certificates") pursuant to a Pooling and Servicing Agreement dated as of
December 1, 1996, among the Registrant, as depositor, First Union National Bank
of North Carolina, as seller and as master servicer, Norwest Bank Minnesota,
National Association, as trustee, and First Union National Bank of North
Carolina, Trust Department, as document custodian.
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.
4 Pooling and Servicing Agreement for Home Equity Loan
Asset-Backed Certificates, Series 1996-2
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 RESIDENTIAL
SECURITIZATION TRANSACTIONS, INC.
By: /s/ Patrick J. Tadie
Name: Patrick J. Tadie
Title: Senior Vice President
Dated: December 16, 1996
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Exhibit Index
Exhibit Page
4 Pooling and Servicing Agreement for
Home Equity Loan Asset-Backed Certificates,
Series 1996-2
8 Opinion of Moore & Van Allen, PLLC as to tax
matters
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