CHEC FUNDING LLC
8-K, 2000-06-07
FINANCE SERVICES
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<PAGE>

                       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, as amended


          Date of Report (Date of earliest event reported): JUNE 5, 2000




                                CHEC FUNDING, LLC
                                -----------------
               (Exact name of Registrant as Specified in Charter)

Delaware                             333-93255            75-2851805
--------                             ---------            ----------
(State or Other                      (Commission          (IRS Employer
(Jurisdiction of Incorporation)      File Number)         Identification No.)



                 2728 North Harwood Street, Dallas, Texas 75201
                 ----------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


       Registrant's telephone number, including area code: (214) 981-5000
                                                           --------------

                                 Not Applicable
                    ----------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 5.  OTHER EVENTS.

FILING OF COMPUTATIONAL MATERIALS.

Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, CHEC
Funding, LLC (the "Depositor") will file a prospectus and prospectus
supplement with the Securities and Exchange Commission relating to its Centex
Home Equity Loan Trust 2000-B, Centex Home Equity Loan Asset-Backed
Certificates, Series 2000-B (the "Certificates").

In connection with the offering of the Certificates of the Depositor, Lehman
Brothers Inc. prepared certain materials (the "Computational Materials") some
or all of which were distributed by Lehman Brothers, Salomon Smith Barney and
Banc of America Securities LLC (the "Underwriters") to their potential
investors. Although the Depositor provided the Underwriters with certain
information regarding the characteristics of the Home Equity Loans in the
related portfolio, it did not participate in the preparation of the
Computational Materials. The Computational Materials are attached hereto as
Exhibit 99.1. The legends Salomon Smith Barney and Banc of America Securities
LLC placed on the Computational Materials are attached hereto as Exhibit 99.2.

Item 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         (c)      Exhibits

                  Exhibit No.
                  -----------

                  99.1     Computational Materials.
                  99.2     Legend of Salomon Smith Barney and Banc of America
                           Securities LLC.


<PAGE>

                                   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 hereunto duly authorized.


                                          CHEC FUNDING, LLC


                                          By: /s/ Jeffrey B. Upperman
                                             ----------------------------
                                              Name:  Jeffrey B. Upperman
                                              Title: Vice President

Date:  June 7, 2000

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<TABLE>
<CAPTION>

                                  EXHIBIT INDEX

                                                                Sequentially
Exhibit Number    Description                                   Numbered Page
--------------    -----------                                   -------------
<S>               <C>                                           <C>
     99.1         Computational Materials.
     99.2         Underwriters' Legend for Computational
                  Materials.
</TABLE>



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