CENTEX HOME EQUITY LOAN TRUST 2000B
8-K, 2000-06-26
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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


Date of Report (Date of earliest event reported) :  June 15, 2000




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

Delaware                            333-92355             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)


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Item 5.  OTHER EVENTS.

CHEC Funding, LLC, as depositor (the "Depositor") registered issuance of
Asset-Backed Certificates and Asset-Backed Notes on a delayed or continuous
basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the
"Act"), by a Registration Statement on Form S-3 (Registration File No.
333-93255) (as amended, the "Registration Statement"). Pursuant to the
Registration Statement, the Depositor caused Centex Home Equity Loan Trust
2000-B to issue $350,000,000 principal amount of Home Equity Loan Asset-Backed
Certificates, Series 2000-B (the "Certificates"), on June 15, 2000 (the
"Closing Date").

The Certificates were issued pursuant to a pooling and servicing agreement (the
"Pooling and Servicing Agreement"), dated as of June 1, 2000, among the
Depositor, Centex Credit Corporation d/b/a Centex Home Equity Corporation, as a
seller and servicer, CHEC Conduit Funding, LLC as a seller and Bank One,
National Association, as trustee.

Capitalized terms not defined herein have the meanings assigned in the Pooling
and Servicing Agreement attached hereto as Exhibit 4.1.


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

         (c)      Exhibits

                  Exhibit No.
                  -----------
                   4.1     Pooling and Servicing Agreement
                  99.1     Certificate Insurance Policies


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                                   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 15, 2000



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                                  EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Number            Description
--------------            -----------
<C>                       <S>
4.1                       Pooling and Servicing Agreement
99.1                      Certificate Insurance Policies

</TABLE>



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