<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): September 7, 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)


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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-C, Centex Home Equity Loan Asset-Backed Certificates, Series
2000-C (the "Certificates").

In connection with the offering of the Certificates of the Depositor, Banc of
America Securities LLC prepared certain materials (the "Computational
Materials") some or all of which were distributed by Banc of America Securities
LLC, Lehman Brothers Inc. and Salomon Smith Barney and (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 Lehman Brothers Inc. and Salomon Smith Barney placed
on the Computational Materials are attached hereto as Exhibit 99.2.

Also filed hereby is the consent of PricewaterhouseCoopers LLP, independent
accountants, attached hereto as Exhibit 23.1.

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

         (c)      Exhibits

<TABLE>
<CAPTION>
                  Exhibit No.
                  -----------
                  <S>      <C>
                  23.1     Consent of PricewaterhouseCoopers LLP, independent
                           accountants.
                  99.1     Computational Materials.
                  99.2     Legend of Lehman Brothers Inc. and Salomon Smith
                           Barney.
</TABLE>

<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:  September 12, 2000


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                                  EXHIBIT INDEX

<TABLE>
<CAPTION>

Exhibit Number                Description
--------------                -----------
<S>                           <C>
     23.1                     Consent of PricewaterhouseCoopers LLP,
                              independent accountants.
     99.1                     Computational Materials.
     99.2                     Underwriters' Legend for Computational Materials.
</TABLE>