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

                                     FORM 15


CERTIFICATION  AND NOTICE OF TERMINATION OF REGISTRATION  UNDER SECTION 12(g) OF
THE SECURITIES  EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.


                                          Commission File Number   333-108551-13

                        ASSET BACKED FUNDING CORPORATION
             (Exact name of registrant as specified in its charter)

     214 North Tryon Street, Charlotte, North Carolina 28255 (704) 386-2400
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                             CHEC LOAN TRUST 2004-2
                    ASSET-BACKED CERTIFICATES, SERIES 2004-2
            (Title of each class of securities covered by this Form)

                                      None
       (Titles of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)


    Please  place  an X in  the  box(es)  to  designate,  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

  Rule 12g-4(a)(1)(i)                                 Rule 12h-3(b)(1)(i)     X
  Rule 12g-4(a)(1)(ii)                                Rule 12h-3(b)(1)(ii)
  Rule 12g-4(a)(2)(i)                                 Rule 12h-3(b)(2)(i)
  Rule 12g-4(a)(2)(ii)                                Rule 12h-3(b)(2)(ii)
                                                      Rule 15d-6              X

     Approximate  number of holders of record as of the  certification or notice
date: 47

     Pursuant to the requirements of the Securities  Exchange Act of 1934, Asset
Backed Funding Corporation has caused this  certification/notice to be signed on
its behalf by the undersigned duly authorized person.

              By:   JPMorgan Chase Bank, N.A. as Trustee for:

                    CHEC LOAN TRUST 2004-2
                    ASSET-BACKED CERTIFICATES, SERIES 2004-2

              By:    /s/ Mark W. McDermott
                     -------------------------------------------
              Name:  Mark W. McDermott
              Title: Vice President

              Date:  January 28, 2005