UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
(Mark one)
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2003
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number: 333-105940-05
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2003-6
(Exact name of registrant as specified in its charter)
New York 54-2121750
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
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.
Not applicable.
Indicate by check mark whether the registrant is an accelerated filer
(as defined in Exchange Act Rule 12b-2).
Yes___ No X
State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which
the common equity was last sold, or the average bid and asked price of
such common equity, as of the last business day of the registrant's most
recently completed second fiscal quarter.
Not applicable.
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.
Not applicable.
List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g. Part I, Part II, etc.) into which the
document is incorporated: (1)Any annual report to security holders; (2)
Any proxy or information statement; and (3)Any prospectus filed pursuant
to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes (e.g.
annual report to security holders for fiscal year ended December 24, 1980).
Not applicable.
Introductory Note
This Annual Report on Form 10-K is prepared in reliance on the no-action
letter dated March 26, 1993 issued by the Securities and Exchange Commission
to Nomura Asset Securities Corporation.
PART I
Item 1. Business.
Omitted.
Item 2. Properties.
Not applicable.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings
involving the trust created under the Pooling and Servicing
Agreement (the Trust), the Trustee, the Servicer or the
registrant with respect to the Trust other than routine
litigation incidental to the duties of the respective parties.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder
Matters.
No established public trading market for the Certificates exists.
Records provided to the Trust by the DTC and the Trustee
indicate that as of December 31, 2003, the number of holders of
record for each class of Certificate were as follows:
Class 1-B-1 3
Class 1-B-2 3
Class 1-B-3 3
Class 1-B-4 1
Class 1-B-5 1
Class 1-B-6 1
Class 2-A-1 4
Class 2-A-WIO 3
Class 2-B-1 3
Class 2-B-2 3
Class 2-B-3 3
Class 2-B-4 1
Class 2-B-5 1
Class 2-B-6 1
Class A-PO 3
Class CB-1 3
Class CB-R 1
Class CB-WIO 3
Class NC-1 3
Class NC-2 5
Class NC-3 4
Class NC-4 4
Class NC-5 4
Class NC-WIO 3
Class SES 1
Total: 65
Item 6. Selected Financial Data.
Omitted.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.
Omitted.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
None.
Item 9A. Controls and Procedures.
Not applicable.
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.
Not applicable.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Not Applicable
(b) Monthly distribution date statements were filed as exhibits to Form 8-K
on October 06, 2003, November 04, 2003, and December 05, 2003. In
addition, the Pooling and Servicing Agreement for the transaction was
filed as an exhibit to Form 8-K on October 15, 2003.
(c) 4.1 Pooling and Servicing Agreement (filed as an exhibit to Form
8-K on October 15, 2003.
31.1 Rule 13a-14(a)/15d-14(a) Certification.
99.1 Annual Independent Public Accountants Servicing Report
concerning servicing activities for the year ended December 31,
2003.
99.2 Annual Statement as to Compliance under the Pooling and Servicing
Agreement for the year ended December 31, 2003.
(d) Not Applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized:
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2003-6
(Registrant)
Signed: Bank of America, N.A. as Servicer
By: Gary K. Bettin, Senior Vice President
By: /s/ Gary K. Bettin, Senior Vice President
Dated: March 30, 2004
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.
(a)(i) No annual report is provided to the Certificateholders other than
with respect to aggregate principal and interest distributions.
(a)(ii) No proxy statement, form of proxy or other proxy soliciting
material has been sent to any Certificateholder with respect to any
annual or other meeting of Certificateholders.
Exhibit Index
Exhibit No.
4.1 Pooling and Servicing Agreement (filed as an exhibit to Form
8-K on October 15, 2003.
31.1 Rule 13a-14(a)/15d-14(a) Certification.
99.1 Annual Independent Public Accountants Servicing Report concerning
servicing activities for the year ended December 31, 2003.
99.2 Annual Statement as to Compliance under the Pooling and Servicing
Agreement for the year ended December 31, 2003.
EX-31.1 Sarbanes-Oxley Certification
I, Gary K. Bettin, a Senior Vice President of Bank of America, N.A.,
certify that:
1. I have reviewed the annual reports on Form 10-K for the calendar year
2003 and all monthly current reports on Form 8-K containing a copy of
the monthly statement to certificateholders (the "Distribution Date
Statements") delivered pursuant to Section 5.04(b) of the Pooling and
Servicing Agreements listed on Exhibit I hereto (each, an "Agreement")
filed in respect of periods included in the year covered by such annual
reports of the trusts (each, a "Trust") formed pursuant to such Agreements;
2. Based on my knowledge, with respects to each Trust, 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 such
annual report;
3. Based on my knowledge, the distribution or servicing information required
to be provided to the trustee by the servicer under each Agreement for
inclusion in the related Trust's Distribution Date Statements is included
in these reports;
4. I am responsible for reviewing the activities performed by the servicer
under each Agreement and based upon my knowledge and the annual compliance
review required under each Agreement, and except as disclosed in the
reports, the servicer has fulfilled its obligations under each Agreement;
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 Agreement that is
included in these reports; and
6. In giving the certifications above, I have reasonably relied on information
provided to me by the following unaffiliated party: Wells Fargo Bank,
National Association.
Date: March 30, 2004
/s/ Gary K. Bettin
Signature
Senior Vice President
Title
EXHIBIT I
PARTIES DATE OF POOLING SERIES
AGREEMENT
Banc of America Mortgage January 28, 2003, as BoALT 2003-1
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage January 28, 2003, as 2003-A
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage January 28, 2003, (as 2003-1
Securities, Inc., Bank amended, January 30,
of America, N.A. and Wells 2004)
Fargo Bank Minnesota, N.A.
Banc of America Mortgage February 25, 2003, as 2003-B
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage March 24, 2003, as 2003-2
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage March 25, 2003, as 2003-C
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage March 25, 2003, as BoALT 2003-2
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage April 23, 2003, as 2003-3
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage April 24, 2003, as BoALT 2003-3
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage April 24, 2003, as 2003-D
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage May 22, 2003, as 2003-4
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage May 22, 2003, as BoALT 2003-4
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage May 22, 2003, as 2003-E
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage June 24, 2003, as 2003-F
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage June 24, 2003, as BoALT 2003-5
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage June 24, 2003, as 2003-5
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage July 24, 2003, as 2003-G
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage July 24, 2003, as 2003-6
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage July 24, 2003, as BoALT 2003-6
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage August 27, 2003, as 2003-7
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage August 27, 2003, as 2003-H
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage August 27, 2003, as BoALT 2003-7
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage September 25, 2003, as 2003-I
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage September 25, 2003, as BoALT 2003-8
Securities, Inc., Bank amended by Amendment
of America, N.A. and Wells No. 1, dated January 30,
Fargo Bank Minnesota, N.A. 2004
Banc of America Mortgage October 23, 2003 2003-8
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage October 27, 2003 BoALT 2003-9
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage October 27, 2003 2003-J
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage November 25, 2003 2003-K
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage November 25, 2003 2003-9
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage November 26, 2003 BoALT 2003-10
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage December 23, 2003 2003-10
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage December 23, 2003 2003-L
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
Banc of America Mortgage December 23, 2003 BoALT 2003-11
Securities, Inc., Bank
of America, N.A. and Wells
Fargo Bank Minnesota, N.A.
EX-99.1
(Logo) PricewaterhouseCoopers
PricewaterhouseCoopers
llP 214 N.Tryon Street
Ste 3600
Charlotte NC 28202
Telephone (704) 344 7500
Facsimile (704) 344 4100
Report of Independent Accountants
To the Board of Directors and Shareholder of Bank of America, N.A.
We have examined management's assertion about compliance by the mortgage
division of Bank of America, N.A. (the "Company"), an operating division of
Bank of America, N.A., with the minimum servicing standards identified in the
Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers ("USAP") as of and for the year ended December 31, 2003
included in the accompanying management assertion (see Exhibit 1). Management
is responsible for the Company's compliance with those minimum servicing
standards. Our responsibility is to express an opinion on management's
assertion about the Company's compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
minimum servicing standards 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 Company's compliance with the minimum servicing
standards.
In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended
December 31,2003 is fairly stated, in all material respects.
/s/ PriceWaterhouseCoopers
March 2, 2004
Bank of America
Management's Assertion Concerning Compliance
with USAP Minimum Servicing Standards
March 2, 2004
As of and for the year ended December 31,2003, the Mortgage division of Bank
of America, N.A. (the "Company"), has complied in all material respects with
the minimum servicing standards set forth in the Mortgage Bankers Association
of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a fidelity bond and
errors and omissions policy in the amounts of $340,000,000 and $270,000,000,
respectively.
/s/ Ashish Kamit
Ashish Kamit
Senior Vice President and Managing Director
Bank of America, N .A.
/s/ J Mark Hanson
J Mark Hanson
Senior Vice President
Bank of America, N .A.
/S/ H Randell Chestnut
Senior Vice President
Bank of America, N.A.
Gary K Bettin
Senior Vice President and National Servicing Executive Bank of America, N .A.
/s/ Kevin M Shannon
Kevin M. Shannon
President
Consumer Real Estate
Bank of America, N.A.
USA
[Olympic rings]
2000-2004
US Olympic Teams
EX-99.2
BANC OF AMERICA MORTGAGE SECURITIES, INC.
MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES SET FORTH ON EXHIBIT I HERETO
OFFICER'S CERTIFICATE PURSUANT TO SECTION 3.18
OF THE AGREEMENTS LISTED ON EXHIBIT I HERETO
I, H. Randall Chestnut, Senior Vice President of Bank of America, N.A., as
servicer (the "Servicer"), hereby certify pursuant to Section 3.18 of the
Pooling and Servicing Agreements listed on Exhibit I hereto (collectively, the
"Agreements") that: (a) a review of the activities of the Servicer during
calendar year 2003 and of the performance of the Servicer under the Agreements
has been made under my supervision, and (b) to the best of my knowledge, based
on such review, the Servicer has fulfilled all its obligations under the
Agreements throughout calendar year 2003.
Dated: March 18, 2004
BANK OF AMERICA, N.A.,
as Servicer
By:
Name: H. Randall Chestnut
Title: Senior Vice President