U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING
(Check One)

[ ]Form 10-K and Form 10-KSB  [ ] Form 20-F  [ ] Form 11-K  [X] Form 10-Q
and Form 10-QSB  [ ] Form N-SAR

For the period ended June 30, 1996
                     -------------
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on From 10-Q
[ ] Transition Report on Form N-SAR	

For the Transition Period Ended:..........................................	

Read Attached Instruction Sheet 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.	

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
 .........................................................................

Part I -- Registrant Information	

IMPERIAL CREDIT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)	

     California                                 95-4054791	
- ------------------------------     -------------------------------------
(State or other jurisdiction of    (I.R.S Employer Identification Number)
incorporation or organization)	

23550 Hawthorne Boulevard, Building 1, Suite 110
Torrance, California 90505                            (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)
[Paragraph 23,047], the following should be completed:

[X] (a) The reasons described in reasonable detail in Part III of this
 form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition
 report on Form 10-K, Form 20-F, 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 or transition report
 on Form 10Q or portion thereof will be filed on or before the fifth calendar
 day following the prescribed due date; and [Amended in Release No. 34-26589
 (Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306] 
[ ] (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 Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed period.
[Amended in Release No. 34-26589 (Paragraph 72,439), effective August 13,
1992, 57 F.R. 36442]

Due to clerical, staffing, and other related time constraints, the
registrant is unable to obtain and consolidate the detailed financial
results of each of its newly acquired  operating divisions or subsidiaries
in a timely manner.  The Company intends to file the prescribed report
within the allowed extension period.

Part IV -- Other Information

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

Paul B. Lasiter                   (714)             438-2070	
- ---------------                ------------------------------------
    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	

[X] Yes[ ] No

(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.

"IMPERIAL CREDIT INDUSTRIES, INC."	
(Exact name of registrant as specified in its charter)	

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

Date:  August 14, 1996             By /S/ Paul B. Lasiter
       ---------------             ----------------------
ATTENTION	
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001)