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): DECEMBER 15, 1999
CHEC ASSET RECEIVABLE CORPORATION
--------------------------------------------------
(Exact name of Registrant as Specified in Charter)
Nevada 333-54027 77-277-0582
- ------ --------- -----------
(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) 981-5045
Not Applicable
----------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Item 5. OTHER EVENTS.
CHEC Asset Receivable Corporation, as depositor (the "Depositor") registered
issuances 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. 333-54027) (as amended, the "Registration Statement"). Pursuant to the
Registration Statement, the Depositor caused Centex Home Equity Loan Trust
1999-4 to issue $305,000,000 principal amount of Home Equity Loan Asset-Backed
Certificates, Series 1999-4 (the "Certificates"), on December 15, 1999 (the
"Closing Date").
The Certificates were issued pursuant to a pooling and servicing agreement (the
"Pooling and Servicing Agreement"), dated as of December 1, 1999 (the "Cut-Off
Date"), among the Depositor, Centex Credit Corporation d/b/a Centex Home Equity
Corporation, as seller and servicer, and Harris Trust and Savings Bank, 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
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 ASSET RECEIVABLE CORPORATION
By: /s/ Anne E. Duffield
----------------------------
Name: Anne E. Duffield
Title: Senior Vice President
Date: December 27, 1999
EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
4.1 Pooling and Servicing Agreement
99.1 Certificate Insurance Policies