United States
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                     FORM 15


Certification  and Notice of Termination of Registration  under Section 12(g) of
the Securities  Exchange Act of 1934 or Suspension of Duty to File Reports under
Sections 13 and 15(d) of the Securities Exchange Act of 1934.


Commission File Number: 333-44209


                           Impact Secured Assets Corp

                       Mortgage Pass-Through Certificates
                                  Series 1999-2

       (Exact name of registrant as specified in its charter)


c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway

Columbia, Maryland 21044
(410) 884-2000


(Address,  including zip code,  and telephone  number,  including  area code, of
registrant's principal executive offices)


          A-1

          A-2

          A-3

          A-4

          A-5

          A-6

          A-7

          A-8

          A-9

          B-1

          B-2

          B-3

          M-1

          M-2

          M-3

          M1-X

          M2-X

          RI

          RII



(Title of each class of securities covered by this Form)

                                                    None

(Titles of all other  classes  of  securities  for which a duty to file  reports
under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule  provision(s)
relied upon to terminate or suspend the duty to file reports:


    Rule 12g-4(a)(1)(i)   / /

    Rule 12g-4(a)(1)(ii)  / /

    Rule 12g-4(a)(2)(i)   / /

    Rule 12g-4(a)(2)(ii)  / /

    Rule 15d-6            /X/

    Rule 12h-3(b)(1)(i)   /X/

    Rule 12h-3(b)(1)(ii)  / /

    Rule 12h-3(b)(2)(i)   / /

    Rule 12h-3(b)(2)(ii)  / /


Approximate  number of holders of record as of the certification or notice date:

                                       20


Pursuant to the requirements of the Securities Exchange Act of 1934,


                           Impact Secured Assets Corp
                       Mortgage Pass-Through Certificates
                                  Series 1999-2

has  caused  this  certification/notice  to be  signed  on  its  behalf  by  the
undersigned duly authorized person.


Date:                            01/24/2000


By: /S/         Sherri J. Sharps, Vice President






Instruction: This form is required by Rules 12g-4,12h-3 and 15d-6 of the General
Rules and Regulations under the Securities  Exchange Act of 1934. The registrant
shall file with the  Commission  three  copies of Form 15, one of which shall be
manually signed. It may be signed by an officer of the registrant, by counsel or
by any other duly  authorized  person.  The name and title of the person signing
the form shall be typed or printed under the signature.