Item 1. Business.
Omitted.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
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.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities.
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, 2004, the total number of holders of record for the Series of Certificates is 25.
Item 6.
Item 6. Selected Financial Data.
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 9A.
Item 9A. Controls and Procedures.
Not applicable.
Item 9B.
Item 9B. Other Information.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(a) The following is a list of documents filed as part of this Annual Report on Form 10-K:
(4.1) Pooling and Servicing Agreement (filed as an exhibit to Form 8-K on August 18, 2004).
(31.1) Rule 13a-14(a)/15d-14(a) Certification.
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 2004.
(99.2) Annual Statements of Compliance under the Pooling and Servicing Agreement for the year ended December 31, 2004.
(99.3) Schedule of Year-To-Date Principal and Interest Distributions to Certificateholders.
(b) The exhibits required to be filed by Registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof.
(c) 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 2004-7 (Registrant)
Signed: Bank of America, N.A. as Servicer
By: Robert Caruso, Senior Vice President
By: /s/ Robert Caruso, Senior Vice President
Dated: March 23, 2005
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 August 18, 2004).
(31.1) Rule 13a-14(a)/15d-14(a) Certification
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 2004.
(99.2) Annual Statements of Compliance under the Pooling and Servicing Agreement for the year ended December 31, 2004.
(99.3) Schedule of Year-To-Date Principal and Interest Distributions to Certificateholders
Exhibit 31.1
Certification
I, Robert Caruso, a Senior Vice President of Bank of America, N.A., certify that:
1. I have reviewed this annual report on Form 10-K, and all monthly current 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 the Banc of America Alternative Loan Trust 2004-7 (the "Trust") formed pursuant to the Pooling and Servicing Agreement, dated July 29, 2004, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, N.A. (the "Agreement");
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 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 Agreement and based upon my knowledge and the annual compliance review required under the Agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the 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 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 party: Wells Fargo Bank, N.A.
By: /s/ Robert Caruso Name: Robert Caruso Title: Senior Vice President 					 Date: March 8, 2005
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 concerning the mortgage division of Bank of America, N.A.'s (the "Company"), an operating division of Bank of America, N.A., compliance 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, 2004 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, 2004 is fairly stated, in all material respects.
/s/ PriceWaterhouseCoopers LLP March 11, 2005
Exhibit 1
Bank of America (Logo)
Bank of America 475 CrossPoint Parkway PO Box 9000 Getzville, NY 14068-9000
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
March 11, 2005
As of and for the year ended December 31, 2004, 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 $325,000,000 and $180,000,000, respectively.
/s/ Floyd S. Robinson Floyd S. Robinson Senior Vice President President Consumer Real Estate Bank of America, N.A.
/s/ H. Randall Chestnut H. Randall Chestnut Senior Vice President Bank of America, N.A.
/s/ Mike Kula Mike Kula Senior Vice President Finance Executive Bank of America, N.A.
/s/ Robert Caruso Robert Caruso Senior Vice President National Servicing Executive Bank of America, N.A.
/s/ J. Mark Hanson J. Mark Hanson Senior Vice President Bank of America, N.A.
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 2004 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 2004.
Dated: March 12, 2005
BANK OF AMERICA, N.A., as Servicer
By: /s/ H. Randall Chestnut Name: H. Randall Chestnut Title: Senior Vice President
EXHIBIT I
PARTIES DATE OF POOLING SERIES AGREEMENT ===============================================================================
Banc of America Mortgage Securities, December 19, 2002, as BoAMS 2002-L Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, January 28, 2003, as BoALT 2003-1 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, January 28, 2003, as 2003-A Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, January 28, 2003 (as 2003-1 Inc., Bank of America, N.A. and Wells amended, January 30, Fargo Bank, N.A. 2004)
Banc of America Mortgage Securities, February 25, 2003, as 2003-B Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, March 24, 2003, as 2003-2 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, March 25, 2003, as 2003-C Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, March 25, 2003, as BoALT 2003-2 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, April 23, 2003, as 2003-3 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, April 24, 2003, as BoALT 2003-3 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, April 24, 2003, as 2003-D Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, May 22, 2003, as 2003-4 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, May 22, 2003, as BoALT 2003-4 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, May 22, 2003, as 2003-E Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, June 24, 2003 (as 2003-F Inc., Bank of America, N.A. and Wells amended, January 30, Fargo Bank, N.A. 2004)
Banc of America Mortgage Securities, June 24, 2003, as BoALT 2003-5 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, July 24, 2003, as 2003-G Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, July 24, 2003, as 2003-6 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, July 24, 2003, as BoALT 2003-6 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, August 27, 2003, as 2003-7 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, August 27, 2003, as 2003-H Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, August 27, 2003, as BoALT 2003-7 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1, dated January 30, 2004
Banc of America Mortgage Securities, September 25, 2003, 2003-I Inc., Bank of America, N.A. and Wells as amended by Fargo Bank, N.A. Amendment No. 1, dated January 30, 2004
Banc of America Mortgage Securities, September 25, 2003, BoALT 2003-8 Inc., Bank of America, N.A. and Wells as amended by Fargo Bank, N.A. Amendment No. 1, dated January 30, 2004
Banc of America Mortgage Securities, October 23, 2003 2003-8 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, October 27, 2003 BoALT 2003-9 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, October 27, 2003 2003-J Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, November 25, 2003 2003-K Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, November 25, 2003 2003-9 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, November 26, 2003 BoALT 2003-10 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, December 23, 2003 2003-10 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, December 23, 2003 2003-L Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, December 23, 2003 BoALT 2003-11 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, January 29, 2004 BoALT 2004-1 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, January 29, 2004 2004-A Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, January 29, 2004 2004-1 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, February 26, 2004 2004-B Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, February 26, 2004 2004-2 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, February 26, 2004 BoALT 2004-2 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, March 30, 2004 2004-C Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, March 30, 2004 BoALT 2004-3 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, March 30, 2004 2004-3 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, April 29, 2004 BoALT 2004-4 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, April 29, 2004 2004-D Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, April 29, 2004 2004-4 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, May 27, 2004 2004-5 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, May 27, 2004 BoALT 2004-5 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, May 27, 2004 2004-E Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, June 28, 2004 2004-F Inc., Bank of America, N.A., Wachovia Bank, National Association and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, June 28, 2004 BoALT 2004-6 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, June 28, 2004, as 2004-6 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1 thereto, dated December 10, 2004
Banc of America Mortgage Securities, July 29, 2004 2004-G Inc., Bank of America, N.A., Wachovia Bank, National Association and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, July 29, 2004, as 2004-7 Inc., Bank of America, N.A. and Wells amended by Amendment Fargo Bank, N.A. No. 1 thereto, dated November 5, 2004
Banc of America Mortgage Securities, July 29, 2004 BoALT 2004-7 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, August 26, 2004 2004-H Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, August 26, 2004 BoALT 2004-8 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, September 28, 2004 2004-8 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, September 28, 2004 2004-I Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, September 28, 2004 BoALT 2004-9 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, October 28, 2004 2004-9 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
Banc of America Mortgage Securities, October 28, 2004 BoALT 2004-10 Inc., Bank of America, N.A. and Wells Fargo Bank, N.A.
EX-99.3
Schedule of Year-To-Date Principal and Interest Distributions to Certificateholders