***EXHIBIT 31.2***

**CERTIFICATIONS BY THE SENIOR VICE PRESIDENTPURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT AND RULE13a-14(a) OR 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934**

| I, Robert Fowler,                                           certify that:   |
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| 1.                                                                               | I have                                           reviewed this Quarterly Report on                                           Form 10-QSB of Church Loans &                                           Investments Trust; |
| 2.                                                                               | Based on my  knowledge,  this report does not contain any untrue  statement of a material  fact or omit to statea material fact necessary to make the statements  made, in light of the  circumstances  under which such statementswere made, not misleading with respect to the period covered by this report; |
| 3.                                                                               | Based on my knowledge,  the  financial  statements,  and other  financial  information  included in this report,fairly  present in all material  respects the  financial  condition,  results of  operations  and cash flows of theregistrant as of, and for, the periods presented in this report; |
| 4.                                                                               | The  registrant's  other certifying  officer and I are responsible for  establishing and maintaining  disclosurecontrols and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have: |
|                                                                             | (a) | Designed such  disclosure  controls and procedures,  or caused such  disclosure  controls and procedures tobe designed under our supervision,  to ensure that material information  relating to the registrant,  including itsconsolidated subsidiaries, is made known to us by others within those entities, particularly during the period inwhich this report is being prepared; |
|                                                                             | (b) | Evaluated the  effectiveness  of the  registrant's  disclosure  controls and  procedures  and presented inthis report our conclusions  about the  effectiveness of the disclosure  controls and procedures,  as of the end ofthe period covered by this report based on such evaluation; and |
|                                                                             | (c) | Disclosed in this report any change in the  registrant's  internal  control over  financial  reporting thatoccurred during the  registrant's  most recent fiscal quarter (the  registrant's  fourth fiscal quarter in the caseof an annual report) that has materially  affected,  or is reasonably likely to materially affect, the registrant'sinternal control over financial reporting; and |
| 5.                                                                               | The  registrant's  other  certifying  officer  and I have  disclosed,  based on our most  recent  evaluation  ofinternal  control  over  financial  reporting,  to  the  registrant's  auditors  and  the  audit  committee  of theregistrant's board of directors (or persons performing the equivalent function): |
|                                                                             | (a) | All  significant  deficiencies  and material  weaknesses  in the design or  operation of internal  controlsover  financial  reporting  which are reasonably  likely to adversely  affect the  registrant's  ability to record,process, summarize and report financial information; and |
|                                                                             | (b) | Any fraud,  whether or not  material,  that involves  management or other  employees who have a significantrole in the registrant's internal control over financial reporting. |