UNITED STATES

                       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) September 1, 2006

                        COMMISSION FILE NUMBER OF ISSUING
                                     ENTITY:
                                  333-131213-18

                           RALI SERIES 2006-QS12 TRUST
            ________________________________________________________
                         (EXACT NAME OF ISSUING ENTITY)

                            COMMISSION FILE NUMBER OF
                                   DEPOSITOR:
                                   333-131213

                        RESIDENTIAL ACCREDIT LOANS, INC.
            ________________________________________________________
              (EXACT NAME OF DEPOSITOR AS SPECIFIED IN ITS CHARTER)

                         RESIDENTIAL FUNDING CORPORATION
            ________________________________________________________
               (EXACT NAME OF SPONSOR AS SPECIFIED IN ITS CHARTER)

       DELAWARE                                             None
 (STATE OR OTHER JURISDICTION                          (I.R.S. EMPLOYER
    OF INCORPORATION)                                  IDENTIFICATION NO.)

8400 Normandale Lake Blvd., Suite 250, Minneapolis,  MN       55437
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)               (ZIP CODE)

        Registrant's telephone number, including area code (952) 857-7000

        _________________________________________________________________

          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions.

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12(b)  under the Exchange Act (17
CFR 240.14a-12(b))

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 8. Other Events.

On September 28, 2006,  Residential Accredit Loans, Inc. caused the issuance and
sale of the Mortgage Asset-Backed Pass-Through  Certificates,  Series 2006-QS12,
pursuant to a Series Supplement, dated as of September 1, 2006, and the Standard
Terms of Pooling  and  Servicing  Agreement,  dated as of March 1,  2006,  among
Residential  Accredit Loans, Inc., as company,  Residential Funding Corporation,
as master servicer,  and Deutsche Bank Trust Company Americas,  as trustee.  The
mortgage  loans were sold to Residential  Accredit  Loans,  Inc.  pursuant to an
Assignment and  Assumption  Agreement,  dated as of September 28, 2006,  between
Residential Funding Corporation and Residential Accredit Loans, Inc.


Item 9. Financial Statements, Pro Forma Financial Information and Exhibits.

               (a) Not applicable

               (b) Not applicable

               (c) Exhibits (executed copies): The following execution copies of
Exhibits to the Form S-3  Registration  Statement of the  Registrant  are hereby
filed:

                                                               Sequentially
Exhibit                                                          Numbered
Number                                                         Exhibit Page

10.1 Series Supplement, dated as of September 1, 2006, and the Standard Terms of
     Pooling  and  Servicing  Agreement,  dated  as  of  March  1,  2006,  among
     Residential   Accredit  Loans,  Inc.,  as  company,   Residential   Funding
     Corporation,  as master servicer, and Deutsche Bank Trust Company Americas,
     as trustee.

10.2 Assignment  and  Assumption  Agreement,  dated as of  September  28,  2006,
     between  Residential  Funding  Corporation and Residential  Accredit Loans,
     Inc.

10.3 ISDA Master  Agreement,  dated as of September 28, 2006,  between  Deutsche
     Bank  Trust  Company  Americas,  as  trustee  on behalf of the RALI  Series
     2006-QS12  Trust,  and  Credit  Suisse  International,  together  with  the
     Schedule to the master Agreement and Credit Support Annex thereto.

10.4 Confirmation,  dated as of September 28, 2006,  between Deutsche Bank Trust
     Company Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust,
     and  Credit  Suisse   International   with  respect  to  the  Class  II-A-1
     Certificates.

10.5 Confirmation,  dated as of September 28, 2006,  between Deutsche Bank Trust
     Company Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust,
     and  Credit  Suisse   International   with  respect  to  the  Class  II-A-5
     Certificates.

10.6 Confirmation,  dated as of September 28, 2006,  between Deutsche Bank Trust
     Company Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust,
     and  Credit  Suisse   International   with  respect  to  the  Class  II-A-7
     Certificates.

99.1 Mortgage Loan Schedule.


<PAGE>



                                   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 thereunto duly authorized.

                                          RESIDENTIAL ACCREDIT LOANS, INC.


                                          By:        /s/ Christopher Martinez
                                             Name:   Christopher Martinez
                                             Title:  Vice President


Dated:  September 28, 2006


<PAGE>


EXHIBIT 10.1

Series  Supplement,  dated as of  September 1, 2006,  and the Standard  Terms of
Pooling and Servicing  Agreement,  dated as of March 1, 2006, among  Residential
Accredit Loans, Inc., as company,  Residential  Funding  Corporation,  as master
servicer, and Deutsche Bank Trust Company Americas, as trustee.

EXHIBIT 10.2

Assignment and  Assumption  Agreement,  dated as of September 28, 2006,  between
Residential Funding Corporation and Residential Accredit Loans, Inc.

EXHIBIT 10.3

ISDA Master  Agreement,  dated as of September 28, 2006,  between  Deutsche Bank
Trust Company Americas, as trustee on behalf of the RALI Series 2006-QS12 Trust,
and  Credit  Suisse  International,  together  with the  Schedule  to the master
Agreement and Credit Support Annex thereto.

EXHIBIT 10.4

Confirmation,  dated as of  September  28,  2006,  between  Deutsche  Bank Trust
Company  Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust, and
Credit Suisse International with respect to the Class II-A-1 Certificates.

EXHIBIT 10.5

Confirmation,  dated as of  September  28,  2006,  between  Deutsche  Bank Trust
Company  Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust, and
Credit Suisse International with respect to the Class II-A-5 Certificates.

EXHIBIT 10.6

Confirmation,  dated as of  September  28,  2006,  between  Deutsche  Bank Trust
Company  Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust, and
Credit Suisse International with respect to the Class II-A-7 Certificates.

EXHIBIT 99.1

Mortgage Loan Schedule.
[{"type": "8-K", "sequence": "1", "filename": "qs128kss.txt", "secsgml_size_bytes": 7573}]
{"company-data": {"conformed-name": "RALI Series 2006-QS12 Trust", "cik": "0001372600", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-131213-18", "film-number": "061143706"}, "business-address": {"street1": "8400 NORMADALE LAKE BLVD", "street2": "STE 600", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437", "phone": "952-857-7000"}, "mail-address": {"street1": "8400 NORMANDALE LAKE BLVD", "city": "MINNEAPOLIS", "state": "MN", "zip": "55437"}}
UNITED STATES

                       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) September 1, 2006

                        COMMISSION FILE NUMBER OF ISSUING
                                     ENTITY:
                                  333-131213-18

                           RALI SERIES 2006-QS12 TRUST
            ________________________________________________________
                         (EXACT NAME OF ISSUING ENTITY)

                            COMMISSION FILE NUMBER OF
                                   DEPOSITOR:
                                   333-131213

                        RESIDENTIAL ACCREDIT LOANS, INC.
            ________________________________________________________
              (EXACT NAME OF DEPOSITOR AS SPECIFIED IN ITS CHARTER)

                         RESIDENTIAL FUNDING CORPORATION
            ________________________________________________________
               (EXACT NAME OF SPONSOR AS SPECIFIED IN ITS CHARTER)

       DELAWARE                                             None
 (STATE OR OTHER JURISDICTION                          (I.R.S. EMPLOYER
    OF INCORPORATION)                                  IDENTIFICATION NO.)

8400 Normandale Lake Blvd., Suite 250, Minneapolis,  MN       55437
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)               (ZIP CODE)

        Registrant's telephone number, including area code (952) 857-7000

        _________________________________________________________________

          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions.

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12(b)  under the Exchange Act (17
CFR 240.14a-12(b))

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 8. Other Events.

On September 28, 2006,  Residential Accredit Loans, Inc. caused the issuance and
sale of the Mortgage Asset-Backed Pass-Through  Certificates,  Series 2006-QS12,
pursuant to a Series Supplement, dated as of September 1, 2006, and the Standard
Terms of Pooling  and  Servicing  Agreement,  dated as of March 1,  2006,  among
Residential  Accredit Loans, Inc., as company,  Residential Funding Corporation,
as master servicer,  and Deutsche Bank Trust Company Americas,  as trustee.  The
mortgage  loans were sold to Residential  Accredit  Loans,  Inc.  pursuant to an
Assignment and  Assumption  Agreement,  dated as of September 28, 2006,  between
Residential Funding Corporation and Residential Accredit Loans, Inc.

Item 9. Financial Statements, Pro Forma Financial Information and Exhibits.

               (a) Not applicable

               (b) Not applicable

               (c) Exhibits (executed copies): The following execution copies of
Exhibits to the Form S-3  Registration  Statement of the  Registrant  are hereby
filed:

                                                               Sequentially
Exhibit                                                          Numbered
Number                                                         Exhibit Page

10.1 Series Supplement, dated as of September 1, 2006, and the Standard Terms of
     Pooling  and  Servicing  Agreement,  dated  as  of  March  1,  2006,  among
     Residential   Accredit  Loans,  Inc.,  as  company,   Residential   Funding
     Corporation,  as master servicer, and Deutsche Bank Trust Company Americas,
     as trustee.

10.2 Assignment  and  Assumption  Agreement,  dated as of  September  28,  2006,
     between  Residential  Funding  Corporation and Residential  Accredit Loans,
     Inc.

10.3 ISDA Master  Agreement,  dated as of September 28, 2006,  between  Deutsche
     Bank  Trust  Company  Americas,  as  trustee  on behalf of the RALI  Series
     2006-QS12  Trust,  and  Credit  Suisse  International,  together  with  the
     Schedule to the master Agreement and Credit Support Annex thereto.

10.4 Confirmation,  dated as of September 28, 2006,  between Deutsche Bank Trust
     Company Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust,
     and  Credit  Suisse   International   with  respect  to  the  Class  II-A-1
     Certificates.

10.5 Confirmation,  dated as of September 28, 2006,  between Deutsche Bank Trust
     Company Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust,
     and  Credit  Suisse   International   with  respect  to  the  Class  II-A-5
     Certificates.

10.6 Confirmation,  dated as of September 28, 2006,  between Deutsche Bank Trust
     Company Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust,
     and  Credit  Suisse   International   with  respect  to  the  Class  II-A-7
     Certificates.

99.1 Mortgage Loan Schedule.
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 thereunto duly authorized.

                                          RESIDENTIAL ACCREDIT LOANS, INC.

                                          By:        /s/ Christopher Martinez
                                             Name:   Christopher Martinez
                                             Title:  Vice President

Dated:  September 28, 2006
EXHIBIT 10.1

Series  Supplement,  dated as of  September 1, 2006,  and the Standard  Terms of
Pooling and Servicing  Agreement,  dated as of March 1, 2006, among  Residential
Accredit Loans, Inc., as company,  Residential  Funding  Corporation,  as master
servicer, and Deutsche Bank Trust Company Americas, as trustee.

EXHIBIT 10.2

Assignment and  Assumption  Agreement,  dated as of September 28, 2006,  between
Residential Funding Corporation and Residential Accredit Loans, Inc.

EXHIBIT 10.3

ISDA Master  Agreement,  dated as of September 28, 2006,  between  Deutsche Bank
Trust Company Americas, as trustee on behalf of the RALI Series 2006-QS12 Trust,
and  Credit  Suisse  International,  together  with the  Schedule  to the master
Agreement and Credit Support Annex thereto.

EXHIBIT 10.4

Confirmation,  dated as of  September  28,  2006,  between  Deutsche  Bank Trust
Company  Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust, and
Credit Suisse International with respect to the Class II-A-1 Certificates.

EXHIBIT 10.5

Confirmation,  dated as of  September  28,  2006,  between  Deutsche  Bank Trust
Company  Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust, and
Credit Suisse International with respect to the Class II-A-5 Certificates.

EXHIBIT 10.6

Confirmation,  dated as of  September  28,  2006,  between  Deutsche  Bank Trust
Company  Americas,  as trustee on behalf of the RALI Series 2006-QS12 Trust, and
Credit Suisse International with respect to the Class II-A-7 Certificates.

EXHIBIT 99.1

Mortgage Loan Schedule.