Santander Drive Auto Trust 2022-3 Reports Servicer/Trustee Change
| Field | Detail |
|---|---|
| Company | Santander Drive Auto Receivables Trust 2022-3 |
| Form Type | 8-K |
| Filed Date | Apr 1, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, servicer-change, trustee-change
TL;DR
Santander Drive Auto Trust 2022-3 changed its servicer and trustee, filing financial statements.
AI Summary
Santander Drive Auto Receivables Trust 2022-3, a securitization trust, filed an 8-K on April 1, 2025, reporting a change in its servicer and trustee. The filing also includes financial statements and exhibits related to its auto loan asset class. The entity is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
Changes in the servicer or trustee for an auto loan securitization trust can impact the administration and performance of the underlying auto loans, potentially affecting investors.
Risk Assessment
Risk Level: medium — Changes in servicer or trustee for a securitization trust can indicate operational shifts or underlying issues that may affect the performance of the asset-backed securities.
Key Players & Entities
- Santander Drive Auto Receivables Trust 2022-3 (company) — Filer and subject of the report
- Santander Drive Auto Receivables LLC (company) — Related entity, likely the originator or sponsor
- 20250401 (date) — Filing date of the 8-K
- 20250327 (date) — Period of report
FAQ
What specific event triggered the change in servicer or trustee for Santander Drive Auto Receivables Trust 2022-3?
The filing indicates a 'Change of Servicer or Trustee' as an item of information, but the specific event triggering this change is not detailed in the provided text.
When was the Santander Drive Auto Receivables Trust 2022-3 established or when did its reporting period begin?
The filing is dated April 1, 2025, and the period of report is March 27, 2025. The trust itself is named '2022-3', suggesting it was established in 2022.
What is the primary asset class for Santander Drive Auto Receivables Trust 2022-3?
The primary asset class is Auto loans.
Where is Santander Drive Auto Receivables LLC headquartered?
Santander Drive Auto Receivables LLC is headquartered at 1601 Elm Street, Suite 800, Dallas, TX 75201.
What is the SEC file number associated with Santander Drive Auto Receivables Trust 2022-3?
The SEC file number for Santander Drive Auto Receivables Trust 2022-3 is 333-261901-03.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 1, 2025 regarding Santander Drive Auto Receivables Trust 2022-3.