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, 2002

[ ]      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 333-69800-02
                                                                  ------------

                               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 2002-B,
                 issued by Centex Home Equity Loan Trust 2002-B
           (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]

Documents incorporated by reference:  None




<PAGE>

CHEC FUNDING, LLC
Centex Home Equity Loan Trust 2002-B
Centex Home Equity Loan Asset-Backed Certificates, Series 2002-B
-----------------------------------------------------------------------


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

        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, 2002 the total number of such DTC participants
        with respect to each class of certificates is set forth below:

        Class      AF_1   3
        Class      AF_2   5
        Class      AF_3   2
        Class      AF_4   5
        Class      AF_5   1
        Class      AF_6   12
        Class      MF_1   2
        Class      MF_2   2
        Class      BF     2
        Class      AV     5
        Class      MV_1   1
        Class      MV_2   1
        Class      BV     2


Item 6. Selected Financial Data

        Not applicable.

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

        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.


                                      -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.


PART IV

Item 14. 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:

         Annual Summary Statement, to be filed as Exhibit 99.1 hereto.
         Annual Statement as to Compliance, to be filed as Exhibit 99.2 hereto.
         Annual Independent Public Accountants' Servicing Report to be filed as
            Exhibit 99.3 hereto.

(b) Reports on Form 8-K: The following  Current Reports on Form 8-K with respect
    to the Trust were filed by the Registrant for the last quarter of 2002.

    Current  Reports on Form 8-K dated  October 25, 2002,  November  25,  2002,
    and December  26, 2002 were filed for the  purpose of filing the  Monthly
    Statement sent to the Holders of the Offered  Certificates  for payments
    made on the same date. The items reported in such Current Report were
    Item 5 (Other Events).

(c) Exhibits to this report are listed in Item (14)(a)(3) above.

                                      -3-

<PAGE>

Annual report  pursuant to Section 13 or 15(d) of the  Securities  Exchange
Act of 1934 for the fiscal year ended December 31, 2002


CHEC FUNDING, LLC
Centex Home Equity Loan Trust 2002-B
Centex Home Equity Loan Asset-Backed Certificates, Series 2002-B
-------------------------------------------------------------------------------

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 2002-B

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

                   Date:  March 31, 2003




                                      -4-
<PAGE>


                          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 2002-B;

     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 31, 2003

                                      -5-

<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.

                                      -6-
<PAGE>


                                 EXHIBIT INDEX

Exhibit     Description

 99.1       Annual Summary Statement
 99.2       Servicer's Annual Statement of Compliance
 99.3       Servicer's Annual Independent Accountant's Report



                                      -7-
<PAGE>


                                  EXHIBIT 99.1
                            Annual Summary Statement

<table>



       <c>       <c>

---------------------------------------------------------------------------------------------------------------------------------
CLASS           CUSIP         ORIGINAL          PAID               PAID           TOTAL PAID      ENDING PRIN     CERT POOL FACTOR
                             PRINCIPAL        PRINCIPAL           INTEREST                        BALANCE       (12/26/02 Per 1000)
---------------------------------------------------------------------------------------------------------------------------------

CTX02B-AF-1       152314EU0   $ 54,800,000.00  $19,005,043.95    $1,307,420.39  $20,312,464.34   $35,794,956.05       653.19262865
CTX02B-AF-2       152314EV8   $ 31,000,000.00  $         0.00    $1,043,227.53   $1,043,227.53   $31,000,000.00     1,000.00000000
CTX02B-AF-3       152314EW6   $ 25,000,000.00  $         0.00     $ 960,374.97    $ 960,374.97   $25,000,000.00     1,000.00000000
CTX02B-AF-4       152314EX4   $ 31,800,000.00  $         0.00    $1,406,196.00   $1,406,196.00   $31,800,000.00     1,000.00000000
CTX02B-AF-5       152314EY2   $  5,000,000.00  $         0.00     $ 237,525.03    $ 237,525.03   $ 5,000,000.00     1,000.00000000
CTX02B-AF-6       152314EZ9   $ 16,317,000.00  $         0.00     $ 723,251.07    $ 723,251.07   $16,317,000.00     1,000.00000000
CTX02B-MF-1       152314FA3   $ 10,423,000.00  $         0.00     $       0.00    $       0.00   $10,423,000.00     1,000.00000000
CTX02B-MF-2       152314FB1   $  9,000,000.00  $         0.00     $       0.00    $       0.00   $ 9,000,000.00     1,000.00000000
CTX02B-BF         152314FC9   $  6,160,000.00  $         0.00     $ 328,574.43    $ 328,574.43   $ 6,160,000.00     1,000.00000000
CTX02B-AV         152314FD7   $191,470,000.00  $32,675,582.57    $2,888,030.31  $35,563,612.88  $158,794,417.43       829.34359132
CTX02B-MV-1       152314FE5   $ 17,512,000.00  $         0.00     $ 332,490.93    $ 332,490.93   $17,512,000.00     1,000.00000000
CTX02B-MV-2       152314FF2   $ 12,843,000.00  $         0.00     $ 292,614.43    $ 292,614.43   $12,843,000.00     1,000.00000000
CTX02B-BV         152314FG0   $ 11,675,000.00  $     1,798.79     $ 331,127.48    $ 332,926.27   $11,673,201.21       999.84592805
CTX02B-AIO-1AF-1  152314FH8   $104,000,000.00  $         0.00    $3,795,000.00   $3,795,000.00  $104,000,000.00     1,000.00000000
CTX02B-X-IO       N/A         $      9,998.46  $         0.00    $6,195,541.75   $6,195,541.75       $ 9,998.46     1,000.00000000
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------
TOTAL TRUSTEE FEE 2002        $12,000.00

TOTAL SERVICING FEE 2002   $1,494,315.26
--------------------------------------------------------

</TABLE>

                                      -8-

EXHIBIT 99.2 - Servicer's Annual Statement of Compliance
  To be supplied by amendment to this Form 10-K upon receipt by the Trustee

                                      -9-

EXHIBIT 99.3 - Servicer's Annual Independent Accountant's Report
  To be supplied by amendment to this Form 10-K upon receipt by the Trustee

                                      -10-