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                        UNITED STATES                       OMB APPROVAL
              SECURITIES AND EXCHANGE COMMISSION    ----------------------------
                   Washington, D.C. 20549           OMB Number:        3235-0058
                                                    Expires:        May 31, 1997
                                                    Estimated average burden
                         FORM 12b-25                 hours per response ... 2.50
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                NOTIFICATION OF LATE FILING                 SEC FILE NUMBER
                                                               033-88966

                                                              CUSIP NUMBER
                                                                62872M106
               
(Check One): 
                                                                             
 |X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form N-SAR      

     For Period Ended: ______12/31/97_____
     [ ] Transition Report on Form 10-K
     [ ] Transition Report on Form 20-F
     [ ] Transition Report on Form 11-K
     [ ] Transition Report on Form 10-Q
     [ ] Transition Report on Form N-SAR
     For the Transition Period Ended: __________________________________________

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  Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

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PART I -- REGISTRANT INFORMATION
NAL Financial Group, Inc.
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Full Name of Registrant

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Former Name if Applicable

500 Cypress Creek Road West, Suite 590
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Address of Principal Executive Office (Street and Number)

Fort Lauderdale, Florida 33309
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City, State and Zip Code

PART II -- RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

  /X/   | (a) The reasons described in reasonable detail in Part III of this
        |     form could not could not be eliminated without unrasonable effort
        |     or expense;
        |
  / /   | (b) The subject annual report, semi-annual report, transition report
        |     on Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or portion
        |     thereof, will be filed on or before the fifteenth calendar day
        |     following the prescribed due date; or the subject quarterly report
        |     of transition report on Form 10-Q, or portion thereof will be
        |     filed on or before the fifth calendar day following the prescribed
        |     due date; and
        |
  /  /  | (c) The accountant's statement or other exhibit required by Rule 
        |     12b-25(c) has been attached if applicable.

PART III -- NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.

As previously described in the Registrants Form 8-K dated April 9, 1998, 
Registrant filed a petition for reorganization pursuant to Chapter 11 of the
Bankruptcy Code on March 23, 1998. As a result of this action and the
substantial turnover in its senior management positions, including the
resignation of its Chairman and CEO and its Senior Vice President of Accounting,
Registrant has been unable to complete and file its annual report on Form 10-K
for fiscal year 1997 without unreasonable effort and expense. At this time, 
Registrant has no estimate of the date when the Form 10-K will be completed.



                                                 (Attach Extra Sheets if Needed)

                                                                 SEC 1344 (6/94)


PART IV--OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this 
    notification

    ANDREW COMBS                             954            938-8200
    ________________________________________ _________  ________________________
            (Name)                          (Area Code)    (Telephone Number)

(2) Have all other periodic reports required under Section  13 or 15(d) of  the 
    Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
    of 1940 during the preceding 12 months or for such shorter period that the
    registrant was required to file such report(s) been filed? If answer is no,
    identify report(s).                             
                                                                  |X| Yes |_| No
    
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(3) Is it anticipated that any significant change in results of operations from
    the corresponding period for the last fiscal year will be reflected by the 
    earnings statements to be included in the subject report or portion thereof?

                                                                  |X| Yes |_| No

    If so, attach an explanation of the anticipated change, both narratively and
    quantitatively, and, if appropriate, state the reasons why a reasonable  
    estimate of the results cannot be made.

     Registrant expects reporting a net loss for fiscal year 1997 and expects
     that Form 10-K will reflect a material decrease in earnings. The extent
     of the loss and the precise amount of the decrease in earnings is not yet
     known.

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                                    NAL FINANCIAL GROUP INC
                                    ____________________________________________
                                    (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned 
hereunto duly authorized.


Date ___4/14/98_____                By____/s/ Andrew Combs_____________________

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

- -----------------------------------ATTENTION -----------------------------------
Intentional misstatements or omissions of fact constitute Federal Criminal 
Violations (See 18 U.S.C. 1001).
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                              GENERAL INSTRUCTIONS

1.  This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General 
    Rules and Regulations under the Securities  Exchange Act of 1934.

2.  One  signed  original  and four  conformed  copies of this form and  
    amendments thereto must be completed and filed with the Securities and
    Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of
    the General Rules and Regulations under the Act. The information contained
    in or filed with the form will be made a matter of public record in the
    Commission files.

3.  A manually  signed copy of the form and amendments thereto shall be filed 
    with each national securities exchange on which any class of securities of 
    the registrant is registered.

4.  Amendments to the notifications must also be filed on form 12b-25 but 
    need not restate information that has been correctly furnished. The form 
    shall be clearly identified as an amended notification.

5.  Electronic Filers. This form shall not be used by electronic filers unable
    to timely file a report solely due to electronic difficulties. Filers
    unable to submit a report within the time period prescribed due to
    difficulties in electronic filing should comply with either Rule 201 or
    Rule 202 of Regulation S-T (ss.232.201 or ss.232.202 of this chapter) or
    apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation
    S-T (ss.232.13(b) of this chapter).