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              OFFICER'S CERTIFICATE REGARDING SERVICING COMPLIANCE

               FIRSTPLUS ASSET-BACKED CERTIFICATES, SERIES 1996-2


                                August 30, 1996


         Reference is hereby made to the Pooling and Servicing Agreement dated
as of June 1, 1996 (the "Pooling and Servicing Agreement") between FIRSTPLUS
INVESTMENT CORPORATION, as Depositor, FIRSTPLUS FINANCIAL, INC., as Transferor
and Servicer, and First Trust of California, National Association, as Trustee.
Capitalized terms used and not otherwise defined herein have the meanings
assigned to them in the Pooling and Servicing Agreement.

         Pursuant to Section 7.04 of the Pooling and Servicing Agreement, the
undersigned officer of the Servicer hereby certifies that:

         (a)     the Servicer has fully complied with the provisions contained
                 in Article V (Administration and Servicing of the Mortgage
                 Loans) and Article VII (General Servicing Procedures) of the
                 Pooling and Servicing Agreement;

         (b)     a review of the servicing activities and performance of the
                 Servicer under the Pooling and Servicing Agreement has been
                 made; and

         (c)     to the best of my knowledge, the Servicer has complied with
                 all of its servicing obligations under the Pooling and
                 Servicing Agreement throughout the quarter ending June 30,
                 1996.

         IN WITNESS WHEREOF, the Servicer has caused its name to be signed by
an officer duly authorized to execute, as of the date first above written, this
OFFICER'S CERTIFICATE REGARDING SERVICING COMPLIANCE.


                                        FIRSTPLUS FINANCIAL, INC.,
                                        as Servicer


                                        By:  /s/ Christopher J. Gramlich
                                           -----------------------------------
                                                 Christopher J. Gramlich,
                                                 Senior Vice President
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              OFFICER'S CERTIFICATE REGARDING SERVICING COMPLIANCE

               FIRSTPLUS ASSET-BACKED CERTIFICATES, SERIES 1996-2


                               November 30, 1996


         Reference is hereby made to the Pooling and Servicing Agreement dated
as of June 1, 1996 (the "Pooling and Servicing Agreement") between FIRSTPLUS
INVESTMENT CORPORATION, as Depositor, FIRSTPLUS FINANCIAL, INC., as Transferor
and Servicer, and First Trust of California, National Association, as Trustee.
Capitalized terms used and not otherwise defined herein have the meanings
assigned to them in the Pooling and Servicing Agreement.

         Pursuant to Section 7.04 of the Pooling and Servicing Agreement, the
undersigned officer of the Servicer hereby certifies that:

         (d)     the Servicer has fully complied with the provisions contained
                 in Article V (Administration and Servicing of the Mortgage
                 Loans) and Article VII (General Servicing Procedures) of the
                 Pooling and Servicing Agreement;

         (e)     a review of the servicing activities and performance of the
                 Servicer under the Pooling and Servicing Agreement has been
                 made; and

         (f)     to the best of my knowledge, the Servicer has complied with
                 all of its servicing obligations under the Pooling and
                 Servicing Agreement throughout the quarter ending September
                 30, 1996.

         IN WITNESS WHEREOF, the Servicer has caused its name to be signed by
an officer duly authorized to execute, as of the date first above written, this
OFFICER'S CERTIFICATE REGARDING SERVICING COMPLIANCE.


                                        FIRSTPLUS FINANCIAL, INC.,
                                        as Servicer


                                        By:   /s/ Christopher J. Gramlich
                                           -----------------------------------
                                                  Christopher J. Gramlich,
                                                  Senior Vice President