UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                 placeCityWashington, StateD.C. PostalCode20549

                                    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) June 1, 2006

                        Commission File Number of issuing
                                     entity:
                                  333-131213-10

                           RALI Series 2006-QS7 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 June 29, 2006,  Residential Accredit Loans, Inc. caused the issuance and sale
of  the  Mortgage  Asset-Backed  Pass-Through  Certificates,   Series  2006-QS7,
pursuant  to a Series  Supplement,  dated as of June 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  June  29,  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 June 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 June 29, 2006,  between
Residential Funding Corporation and Residential Accredit Loans, Inc.

10.3  Confirmation,  dated as of June 29,  2006,  between  Deutsche  Bank  Trust
Company  placecountry-regionAmericas,  as trustee  on behalf of the RALI  Series
2006-QS7 Trust, and Wachovia Bank, National Association

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.


                                            Name:   Heather Anderson
                                            Title:  Vice President


Dated:  June 29, 2006
[{"type": "8-K", "sequence": "1", "filename": "qs78kss.txt", "secsgml_size_bytes": 4997}]
{"company-data": {"conformed-name": "RALI Series 2006-QS7 Trust", "cik": "0001362336", "assigned-sic": "6189", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-131213-10", "film-number": "06962368"}, "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

                 placeCityWashington, StateD.C. PostalCode20549

                                    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) June 1, 2006

                        Commission File Number of issuing
                                     entity:
                                  333-131213-10

                           RALI Series 2006-QS7 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 June 29, 2006,  Residential Accredit Loans, Inc. caused the issuance and sale
of  the  Mortgage  Asset-Backed  Pass-Through  Certificates,   Series  2006-QS7,
pursuant  to a Series  Supplement,  dated as of June 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  June  29,  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 June 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 June 29, 2006,  between
Residential Funding Corporation and Residential Accredit Loans, Inc.

10.3  Confirmation,  dated as of June 29,  2006,  between  Deutsche  Bank  Trust
Company  placecountry-regionAmericas,  as trustee  on behalf of the RALI  Series
2006-QS7 Trust, and Wachovia Bank, National Association

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.

                                            Name:   Heather Anderson
                                            Title:  Vice President

Dated:  June 29, 2006