CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


     In connection with the Quarterly Report on Form 10-Q of Regency Affiliates,
Inc. (the "Company") for the quarter ended September 30, 2002 filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I,
Laurence S. Levy, President and Chief Executive Officer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully complies with the requirements of Section 13(a) of
          the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects, the consolidated financial condition of the Company
          as of the dates presented and the consolidated result of operations of
          the Company for the periods presented.

Dated:  November 19, 2002


                                  /s/ Laurence S. Levy
                                  --------------------
                                  Laurence S. Levy
                                  President and Chief Executive Officer



                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


     In connection with the Quarterly Report on Form 10-Q of Regency Affiliates,
Inc. (the "Company") for the quarter ended September 30, 2002 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Neil N.
Hasson, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:

     (1)  The Report fully complies with the requirements of Section 13(a) of
          the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects, the consolidated financial condition of the Company
          as of the dates presented and the consolidated result of operations of
          the Company for the periods presented.

Dated:  November 19, 2002


                                  /s/ Neil N. Hasson
                                  ------------------
                                  Neil N. Hasson
                                  Chief Financial Officer