UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-K

[X]      Annual  report  pursuant  to  Section  13 or  15(d)  of the Securities
         Exchange Act of 1934 for the fiscal year ended December 31, 2004

[ ]      Transition report pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934 for the transition period from   to


                                           Commission File Number 333-105322-04
                                                                  ------------

                               CHEC FUNDING, LLC
             on behalf of itself and the Trust described below with
                      respect to which it is the depositor
             (Exact name of registrant as specified in its charter)


         Delaware                                       76-2851805
 (State or other jurisdiction of               (IRS Employer Identification No.)
       incorporation)

      2728 North Harwood
        Dallas, Texas                                     75201
(Address of principal executive offices)                (Zip Code)

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

        Centex Home Equity Loan Asset-Backed Certificates, Series 2004-C,
                 issued by Centex Home Equity Loan Trust 2004-C
           (Title of each class of securities covered by this Form)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2). Yes  No [X]

                   Documents incorporated by reference: None




<PAGE>


PART I

Item 1. Business.

        Not Applicable.

Item 2. Properties.

        Not Applicable.

Item 3. Legal Proceedings.

        The Registrant is not aware of any material legal  proceeding  with
        respect to itself, the Servicer or the Trustee, as related to the Trust.

Item 4. Submission of Matters to a Vote of Security Holders

        No matter was submitted to a vote or consent of  Holders of the Offered
        Certificates during the fiscal year covered by this report.

PART II

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
        and Issuer Purchases of Equity Securities.

        There is currently no established public trading market for the
        certificates issued by the Trust.

        There are less than 300 participants in the DTC System.
        As of December 31, 2004 the total number of such DTC participants
        with respect to each class of certificates is set forth below:

        Class   AF_1       10
        Class   AF_2       3
        Class   AF_3       4
        Class   AF_4       6
        Class   AF_5       3
        Class   AF_6       3
        Class   AV_1       1
        Class   AV_2       8
        Class   AV_3       8
        Class   AV_4       1
        Class   AV_5       3
        Class   M_1        4
        Class   M_2        3
        Class   M_3        2
        Class   M_4        2
        Class   M_5        4
        Class   M_6        2
        Class   M_7        3
        Class   B          3

Item 6. Selected Financial Data

        Not Applicable.

Item 7. Management's Discussion and Analysis of Financial condition and
        Results of Operations.

        Not Applicable.

Item 7a. Quantitative and Qualitative Disclosures About Market Risk.

         Not Applicable

Item 8. Financial Statements and Supplementary Data.

        Not Applicable.

Item 9. Changes in and Disagreements with Accountants on Accounting and
        Financial Disclosure.

       There was no change of accountants or disagreement with accountants on
       any matter of accounting principles or practices or financial disclosure.

Item 9A. Controls and Procedures.

         Not Applicable.

Item 9B. Other Information.

         Not Applicable.

                                      -2-

<PAGE>

PART III

Item 10. Directors and Executive Officers of the Registrant.

        Not Applicable.

Item 11. Executive Compensation

        Not Applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management

     The certificates are represented by one or more certificates  registered in
     the name of Cede & Co.,  the nominee of The  Depository  Trust  Company.  A
     beneficial  owner of  certificates  is not entitled to receive a definitive
     certificate    representing   such   certificates,    except   in   limited
     circumstances.  Accordingly, Cede & Co. is the sole holder of certificates,
     which it holds on behalf of brokers,  dealers, banks and other participants
     in the DTC system.  Such  participants may hold  certificates for their own
     accounts or for the accounts of their customers.

     The address of Cede & Co. is:
     Cede & Co.
     c/o The Depository Trust Company
     Seven Hanover Square
     New York, New York  10004

Item 13. Certain Relationships and Related Transactions.

         No reportable transactions have occurred.

Item 14. Principal Accounting Fees and Services.

         Not Applicable.

PART IV


Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

(a) The following documents are filed as part of this report:

    (1) Financial Statements:

         Not Applicable.

    (2)  Financial Statement Schedules:

         Not Applicable.

    (3)  Exhibits:

      Rule 13a-14(a)/15d-14(a) Certification, filed as Exhibit 31.1 hereto.

      Annual Summary Statement filed as Exhibit 99.1 hereto.

      Annual Independent Accountants' Servicing Report
        with Management Assertion, filed as Exhibit 99.2 hereto.

      Annual Servicer's Statement as to Compliance,
        filed as Exhibit 99.3, hereto.

(b) Exhibits to this report are listed in Item (15)(a)(3)above.

(c) Not Applicable.
                                      -3-

<PAGE>

CHEC FUNDING, LLC
Centex Home Equity Loan Trust 2004-C
Centex Home Equity Loan Asset-Backed Certificates, Series 2004-C
-------------------------------------------------------------------------------

SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the Servicer of the Trust has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.


                        Centex Home Equity Company, LLC, as Servicer of the
                        Centex Home Equity Loan Trust 2004-C

                   By:  /s/ Jesse K. Bray
                        --------------------------------------
                   Name:    Jesse K. Bray
                   Title:   Executive Vice President/Chief Financial Officer

                   Date:  March 30, 2005


                                      -4-
<PAGE>



Supplemental Information to be Furnished With Reports Filed Pursuant to Section
15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to
                             Section 12 of the Act

The  registrant  has not sent an annual report or proxy material to its security
holders.  The registrant  will not be sending an annual report or proxy material
to its security holders subsequent to the filing of this form.

                                      -5-

<PAGE>



                                 EXHIBIT INDEX

Exhibit     Description

 31.1       Rule 13a-14(a)/15d-14(a) Certification
 99.1       Annual Summary Statement
 99.2       Annual Independent Accountant's Servicing Report
            with Management Assertion
 99.3       Annual Statement as to Compliance


                                      -6-
<PAGE>



                                  EXHIBIT 31.1
                     Rule 13a-14(a)/15d-14(a) Certification
                          ---------------------------

                          SARBANES-OXLEY CERTIFICATION


I, Jesse K. Bray, certify that:

     1. I have reviewed this annual report on Form 10-K, and all reports on Form
8-K  containing  distribution  or servicing  reports filed in respect of periods
included in the year covered by this annual  report,  of Centex Home Equity Loan
Trust 2004-C;

     2. Based on my knowledge,  the  information  in these  reports,  taken as a
whole, does not contain any untrue statement of a material fact or omit to state
a  material  fact  necessary  to make  the  statements  made,  in  light  of the
circumstances  under which such  statements  were made, not misleading as of the
last day of the period covered by this annual report;

     3.  Based  on my  knowledge,  the  distribution  or  servicing  information
required to be provided  to the  trustee by the  servicer  under the pooling and
servicing, or similar,  agreement, for inclusion in these reports is included in
these reports;

     4. I am responsible for reviewing the activities  performed by the servicer
under the  pooling  and  servicing,  or  similar,  agreement  and based  upon my
knowledge and the annual  compliance  review required under that agreement,  and
except as disclosed in the reports,  the servicer has fulfilled its  obligations
under that agreement; and

     5. The  reports  disclose  all  significant  deficiencies  relating  to the
servicer's compliance with the minimum servicing standards based upon the report
provided by an  independent  public  accountant,  after  conducting  a review in
compliance with the Uniform Single  Attestation  Program for Mortgage Bankers or
similar  procedure,  as set forth in the  pooling  and  servicing,  or  similar,
agreement that is included in these reports.

     In giving the certifications above, I have reasonably relied on information
provided to me by the following  unaffiliated  parties:  JPMorgan Chase Bank, as
Trustee.

                   By:
                        /s/ Jesse K. Bray
                        --------------------------------------
                 Name:  Jesse K. Bray
              Company:  Centex Home Equity Company, LLC as Servicer
                Title:  Executive Vice President/Chief Financial Officer

                 Date:  March 30, 2005

                                      -5-
<PAGE>

                                  EXHIBIT 99.1
                            Annual Summary Statement

<table>


       <c>       <c>

---------------------------------------------------------------------------------------------------------------------------------
  CUSIP         ORIGINAL          PAID               PAID              TOTAL PAID      ENDING PRIN     CERT POOL FACTOR
                PRINCIPAL        PRINCIPAL           INTEREST                           BALANCE       (12/31/04 Per 1000)
---------------------------------------------------------------------------------------------------------------------------------
152314KZ2      200,000,000.00              0.00        4,206,273.47      4,206,273.47    200,000,000.00   1,000.00000000
152314KE9      100,340,000.00     32,124,467.21        1,675,087.46     33,799,554.67     68,215,532.79     679.84385878
152314KF6       22,950,000.00               0.00         593,831.25        593,831.25     22,950,000.00   1,000.00000000
152314KG4       51,280,000.00               0.00       1,546,092.00      1,546,092.00     51,280,000.00   1,000.00000000
152314KH2       49,750,000.00               0.00       1,895,474.97      1,895,474.97     49,750,000.00   1,000.00000000
152314KJ8       31,505,000.00               0.00       1,412,999.28      1,412,999.28     31,505,000.00   1,000.00000000
152314KK5       28,425,000.00               0.00       1,123,498.17      1,123,498.17     28,425,000.00   1,000.00000000
152314KL3       98,220,000.00      24,505,753.76       1,494,658.77     26,000,412.53     73,714,246.24     750.50138709
152314KM1      120,000,000.00      35,694,242.68       1,788,686.24     37,482,928.92     84,305,757.32     702.54797767
152314KN9      178,720,000.00      73,405,210.08       2,401,371.73     75,806,581.81    105,314,789.92     589.27254879
152314KP4       42,940,000.00               0.00         721,048.52        721,048.52     42,940,000.00   1,000.00000000
152314KQ2       25,120,000.00               0.00         462,551.30        462,551.30     25,120,000.00   1,000.00000000
152314KY5       14,850,000.00               0.00         464,950.21        464,950.21     14,850,000.00   1,000.00000000
152314KR0       33,750,000.00               0.00         621,461.28        621,461.28     33,750,000.00   1,000.00000000
152314KS8       27,000,000.00               0.00         507,594.03        507,594.03     27,000,000.00   1,000.00000000
152314KT6       18,450,000.00               0.00         366,802.41        366,802.41     18,450,000.00   1,000.00000000
152314KU3       13,050,000.00               0.00         297,740.10        297,740.10     13,050,000.00   1,000.00000000
152314KV1       16,650,000.00               0.00         392,732.81        392,732.81     16,650,000.00   1,000.00000000
152314KW9       13,500,000.00               0.00         344,494.50        344,494.50     13,500,000.00   1,000.00000000
152314KX7       13,500,000.00               0.00         401,832.01        401,832.01     13,500,000.00   1,000.00000000
N/C99778                 0.00               0.00               0.00              0.00              0.00   1,000.00000000
N/C99777                 0.00               0.00       2,602,018.32      2,602,018.32              0.00   1,000.00000000

------------------------------------------------------------------------------------------------------------------------------------




</TABLE>
                                      -8-

<page>

                                  EXHIBIT 99.2
               Annual Independent Accountant's Servicing Report
                            with Management Assertion



Ernst & Young LLP
Dallas, Texas


                 Report on Management's Assertion on Compliance
               With Minimum Servicing Standards Set Forth in the
            Uniform Single Attestation Program for Mortgage Bankers

                       Report of Independent Accountants

The Member of Centex Home Equity Company, LLC
and Subsidiaries and CTX Mortgage Funding, LLC

     We have  examined  management's  assertion,  included  in the  accompanying
report titled Report of Management,  except that the minimum servicing  standard
for returning excess escrow from loan payoff is 30 days and company policy is 45
days, Centex Home Equity Company, LLC and subsidiaries and CTX Mortgage Funding,
LLC (collectively,  the Companies) complied with the minimum servicing standands
set forth in the  Mortgage  Bankers  Association  of  America's  Uniform  Single
Attestation  Program for Mortgage  Bankers  (USAP) during the period ended March
31, 2004.  Management is responsible  for the Companies'  compliance  with those
requirements.  Our  responsibility  is to express  an  opinion  on  management's
assertions about the management's compliance based on our examination.

     Our  examination  was  made  in  accordance  with   attestation   standards
established  by the  American  Institute of Certified  Public  Accountants  and,
accordingly,  included examining, on a test basis, evidence about the Companies'
compliance with those  requirements  and performing such other  procedures as we
considered  necessary  in the  circumstances.  We believe  that our  examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal determination on the Companies' compliance with specified requirements.

     In our opinion, management's assertion that the Companies complied with the
aforementioned  requirements during the period ended March 31, 2004, except that
the minimum  servicing  standard for returning excess escrow from loan payoff is
30 days and  company  policy  is 45 days,  is  fairly  stated,  in all  material
respects.

     This report is  intended  solely for the  information  and use of the audit
committee,  management and the Companies'  private investors and is not intended
to be and should not be used by anyone other than these specified parties.

Ernst & Young LLP

May 21, 2004




Centex Home Equity Corporation


           Management's Assertion on Compliance With Minimum Servicing
                           Standards Set Forth in the
             Uniform Single Attestation Program for Mortgage Bankers

                              Report of Management


     We, as  members  of  management  of Centex  Home  Equity  Company,  LLC and
Subsidiaries and CTX Mortgage Funding, LLC (the Companies),  are responsible for
complying  with the minimum  servicing  standards  as set forth in the  Mortgage
Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers  (USAP).  We are  also  responsible  for  establishing  and  maintaining
effective  internal  control  over  compliance  with  these  standards.  We have
performed an evaluation of the Companies'  compliance with the minimum servicing
standards  as set forth in the USAP as of March 31, 2004 and for the period then
ended. Based on this evaluation,  we assert that during the year ended March 31,
2004,  the  Companies  complied,  in all  material  respects,  with the  minimum
servicing standards set forth in the USAP.

     As of and for this same period, the Companies had in effect a fidelity bond
in the amount of $40 million and an errors and omissions policy in the amount of
$6 million.

/s/  Jay Bray
------------------------
Jay Bray
Executive Vice President
Chief Financial Officer


July 23, 2004


                                      -8-
<page>

Ernst & Young LLP
Dallas, Texas


                 Report on Management's Assertion on Compliance
               With Minimum Servicing Standards Set Forth in the
            Uniform Single Attestation Program for Mortgage Bankers

                       Report of Independent Accountants

The Members of Centex Home Equity Company, LLC
and Subsidiaries and CTX Mortgage Funding, LLC

We have examined  management's  assertion,  included in the accompanying  report
titled  Report  of  Management,   that  Centex  Home  Equity  Company,  LLC  and
Subsidiaries  and  CTX  Mortgage  Funding,  LLC  (collectively,  the  Companies)
complied with the minimum servicing  standands set forth in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for Mortgage Bankers
(USAP)  during the nine month period ended  December  31,  2004.  Management  is
responsible  for  the  Companies'   compliance  with  those  requirements.   Our
responsibility  is to express an opinion on  management's  assertions  about the
Companies' compliance based on our examination.

Our examination was made in accordance with attestation standards established by
the American Institute of Certified Pubic Accountants and, accordingly, included
examining,  on a test basis, evidence about the Companies' compliance with those
requirements and performing such other procedures as we considered  necessary in
the circumstances.  We believe that our examination  provides a reasonable basis
for our opinion.  Our examination does not provide a legal  determination on the
Companies' compliance with specified requirements.

In our opinion,  management's  assertion  that the  Companies  complied with the
aforementioned requirements during the nine month period ended December 31, 2004
is fairly stated, in all material respects.


Ernst & Young LLP

March 16, 2005



Centex Home Equity Corporation


           Management's Assertion on Compliance With Minimum Servicing
        Standards Set Forth in the Uniform Single Attestation Program for
                                Mortgage Bankers

                              Report of Management

We, as members of management of Centex Home Equity Company, LLC and Subsidiaries
and CTX Mortgage  Funding,  LLC (the  Companies),  are responsible for complying
with the  minimum  servicing  standards  as set  forth in the  Mortgage  Bankers
Association of America's Uniform Single Attestation Program for Mortgage Bankers
(USAP).  We are also  responsible for  establishing  and  maintaining  effective
internal  control over  compliance  with these  standards.  We have performed an
evaluation of the Companies'  compliance with the minimum servicing standards as
set forth in the USAP as of December 31, 2004 and for the nine-month period then
ended.  Based on this  evaluation,  we assert that during the nine-month  period
ended December 31, 2004, the Companies complied, in all material respects,  with
the minimum servicing standards set forth in the USAP.

As of and for this same period,  the Companies had in effect a fidelity bond and
errors  and  omissions  policy in the  amount  of $25  million  and $6  million,
respectively.

/s/  Jay Bray
------------------------
Jay Bray
Executive Vice President - Chief Financial Officer

/s/ Jerry Berrens
------------------------
Jerry Berrens
Vice President - Controller

March 16, 2005

                                      -9-
<page>



                                      99.3
                        Annual Statement as to Compliance
                                ----------------

                        ANNUAL STATEMENT AS TO COMPLIANCE


     As of and for the  calendar  year ended  December  31,  2004,  pursuant  to
Section 8.16 of the Pooling and Servicing  Agreement,  the undersigned on behalf
of Centex Home Equity  Company,  LLC has performed the reviews of the activities
of the Servicer  during such calendar year and of performance  under the Pooling
and  Servicing  Agreement,  for Centex Home Equity  Loan Trust  2004-A  under my
supervision.

     To the  best of my  knowledge,  based  on such  review,  the  Servicer  has
fulfilled  all  obligations  under the Pooling and  Servicing  Agreement for the
calendar  year above referenced.


/s/ Bob Frye
-----------------------
Bob Frye
Executive Vice President - Servicing




                                      -10-