UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 22 , 2006

OPTION ONE MORTGAGE ACCEPTANCE CORPORATION

(as depositor under the Pooling and Servicing Agreement, ~~dated as of June 1, 2006, providing for the issuance of Asset Backed Certificates, Series 2006-2)~~

dated as of June 1, 2006, providing for the issuance of

Asset Backed Certificates, Series 2006-2)

Option One Mortgage Acceptance Corporation

(Exact name of registrant as specified in its charter)

Delaware	333-130870-01	~~333-130870-01~~	33-0727357	~~33-0727357~~
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	~~(Commission File Number)~~	(I.R.S. Employer Identification Number)	~~(I.R.S. Employer Identification Number)~~
3 Ada Irvine, Ca				92618
3 Ada Irvine, California			92618
(Address of Principal Executive Offices)				(Zip Code)
(Address of Principal Executive Offices			(Zip Code)

Registrant’'s telephone number, including area code: (~~949~~914) 790-8100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 9 -	Financial Statements and Exhibits
Item 9.01.	Financial Statements and Exhibits

SECTION 2- Completion of Acquisition or Disposition of Assets

~~(a) Financial Statements~~Item 2.01 Acquisition or ~~Not~~Disposition ~~applicable.~~of ~~(b) Pro Forma Financial Information. Not applicable. (c) Exhibits.~~Assets

Exhibit No.		Item 601(a) of Regulation S-K Exhibit No.		Description
1		5.1, 8.1, 23.1		Opinion and Consent of Thacher Proffitt & Wood LLP.

Description of the Certificates and the Mortgage Pool

On June 29, 2006, a single series of certificates, entitled Option One Mortgage Loan Trust 2006-2, Asset-Backed Certificates, Series 2006-2 (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of June 1, 2006 (the “Agreement”), attached hereto as Exhibit 4.1, among Option Mortgage Acceptance Corporation as depositor (the “Depositor”), Option One Mortgage Corporation (“Option One”) as master servicer (the “Master Servicer”) and Wells Fargo Bank, N.A. as trustee (the “Trustee”). The Certificates consist of twenty classes of certificates (collectively, the “Certificates”), designated as the “Class I-A-1 Certificates”, “Class II-A-1 Certificates”, “Class II-A-2 Certificates”, “Class II-A-3 Certificates”, “Class II-A-4 Certificates”, “Class M-1 Certificates”, “Class M-2 Certificates”, “Class M-3 Certificates”, “Class M-4 Certificates”, “Class M-5 Certificates”, “Class M-6 Certificates”, “Class M-7 Certificates”, “Class M-8 Certificates”, “Class M-9 Certificates”, “Class M-10 Certificates”, “Class C Certificates”, “Class P Certificates”, “Class R Certificates” and “Class R-X Certificates”. The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting of a pool of mortgage loans (the “Mortgage Pool”) of conventional, one- to four- family, adjustable rate and fixed rate, first lien and second lien mortgage loans having original terms to maturity up to 30 years (the “Mortgage Loans”). The Mortgage Pool consists of Mortgage Loans having an aggregate principal balance of $1,465,500,000 as of June 1, 2006 (the “Cut-off Date”). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated June 23 , 2006, among Option One, Option One Owner Trust 2001-1A, Option One Owner Trust 2001-2, Option One Owner Trust 2002-3, Option One Owner Trust 2003-4, Option One Owner Trust 2003-5, Option One Owner Trust 2005-6, Option One Owner Trust 2005-7, Option One Owner Trust 2005-8 and Option One Owner Trust 2005-9. The “Class I-A-1 Certificates”, “Class II-A-1 Certificates”, “Class II-A-2 Certificates”, “Class II-A-3 Certificates”, “Class II-A-4 Certificates”, “Class M-1 Certificates”, “Class M-2 Certificates”, “Class M-3 Certificates”, “Class M-4 Certificates”, “Class M-5 Certificates”, “Class M-6 Certificates”, “Class M-7 Certificates”, “Class M-8 Certificates” and “Class M-9 Certificates” were sold by the Depositor to Banc of America Securities LLC, Greenwich Capital Markets, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA), Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Lehman Brothers Inc. and H&R Block Financial Advisors Inc. (the “Underwriters) pursuant to an Underwriting Agreement, dated June 23 , 2006 (the “Underwriting Agreement”) among the Depositor, Option One and the Underwriters.

The Certificates have the following initial Certificate Balances and Pass-Through Rates:

Class	Initial Certificate Principal Balance or Notional Amount			Pass-Through Rate
I-A-1	$	101,130,000		Variable
II-A-1	$	553,785,000		Variable
II-A-2	$	227,365,000		Variable
II-A-3	$	181,552,000		Variable
II-A-4	$	130,168,000		Variable
M-1	$	59,250,000		Variable
M-2	$	54,750,000		Variable
M-3	$	31,500,000		Variable
M-4	$	28,500,000		Variable
M-5	$	27,000,000		Variable
M-6	$	25,500,000		Variable
M-7	$	24,750,000		Variable
M-8	$	12,000,000		Variable
M-9	$	8,250,000		Variable
M-10	$	15,000		Variable
C	$	101,130,000		N/A
P	$	100.00		N/A
R		100.00	%	N/A
R-X		100.00	%	N/A

The Certificates, other than the , “Class M-10 Certificates”, “Class C Certificates”, “Class P Certificates”, “Class R Certificates” and “Class R-X Certificates”, and the Mortgage Loans are more particularly described in the Prospectus, dated April 3, 2006 and the Prospectus Supplement, dated June 23, 2006 as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The “Class M-10 Certificates”, “Class C Certificates”, “Class P Certificates”, “Class R Certificates” and “Class R-X Certificates” have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.

Section 9 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(a)	Not applicable

(b)	Not applicable

(c)	Exhibits

Exhibit No.	Description
1.1	Underwriting Agreement, dated as of June 23, 2006, by and among the Depositor, Option One Mortgage Corporation, Banc of America Securities LLC, Greenwich Capital Markets, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J Merrill Lynch, Pierce, Fenner & Smith Inc., Lehman Brothers Inc. and H&R Block Financial Advisors Inc., relating to the Series 2006-2 Certificates.

4.1	Pooling and Servicing Agreement, dated as of June 1, 2006, by and among Option One Mortgage Acceptance Corporation as Depositor, Option One Mortgage Corporation as Master Servicer and Wells Fargo Bank, N.A. as Trustee, relating to the Series 2006-2 Certificates.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: July ~~June~~14 29 , 2006

OPTION ONE MORTGAGE ACCEPTANCE CORPORATION By: /s/ Philip Laren Name: Philip Laren Title: ~~Senior~~ Vice President

~~EXHIBIT~~Index ~~INDEX~~to Exhibits

Exhibit Number		Item 601(a) of Regulation S-K Exhibit No.	Description
Exhibit No.	Description
1		5.1, 8.1, 23.1	Opinion and Consent of Counsel
1.1	Underwriting Agreement, dated as of June 23, 2006, by and among the Depositor, Option One Mortgage Corporation, Banc of America Securities LLC, Greenwich Capital Markets, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J Merrill Lynch, Pierce, Fenner & Smith Inc., Lehman Brothers Inc. and H&R Block Financial Advisors Inc., relating to the Series 2006-2 Certificates.
4.1	Pooling and Servicing Agreement, dated as of June 1, 2006, by and among Option One Mortgage Acceptance Corporation as Depositor, One Mortgage Corporation as Master Servicer and Wells Fargo Bank, N.A. as Trustee relating to the Series 2006-2 Certificates.

Filing Compare · Option One Mortgage Loan Trust Series 2006-2