Attached files

file filename
10-K - FORM 10-K - CHASE BANK USA, NATIONAL ASSOCIATIONd10k.htm
EX-33.1 - EXHIBIT 33.1 - CHASE BANK USA, NATIONAL ASSOCIATIONdex331.htm
EX-31.1 - EXHIBIT 31.1 - CHASE BANK USA, NATIONAL ASSOCIATIONdex311.htm
EX-34.2 - EXHIBIT 34.2 - CHASE BANK USA, NATIONAL ASSOCIATIONdex342.htm
EX-34.3 - EXHIBIT 34.3 - CHASE BANK USA, NATIONAL ASSOCIATIONdex343.htm
EX-33.3 - EXHIBIT 33.3 - CHASE BANK USA, NATIONAL ASSOCIATIONdex333.htm
EX-35.2 - EXHIBIT 35.2 - CHASE BANK USA, NATIONAL ASSOCIATIONdex352.htm
EX-35.1 - EXHIBIT 35.1 - CHASE BANK USA, NATIONAL ASSOCIATIONdex351.htm
EX-35.3 - EXHIBIT 35.3 - CHASE BANK USA, NATIONAL ASSOCIATIONdex353.htm
EX-34.1 - EXHIBIT 34.1 - CHASE BANK USA, NATIONAL ASSOCIATIONdex341.htm

Exhibit 33.2

 

LOGO       Corporate Trust Services
      MAC N2702-011
      9062 Old Annapolis Road
      Columbia, MD 21045
      410 884-2000
      410 715-2380 Fax
      Wells Fargo Bank, NA.

ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA

Corporate Trust Services division of Wells Fargo Bank, National Association (the “Company”) is responsible for assessing compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission. The Company has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows:

Platform: Publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities, for which the Company provides master servicing, trustee, securities administration or paying agent services, excluding any publicly issued transactions issued by any agency or instrumentality of the U.S. government or any government sponsored entity, and further excluding the transactions issued prior to 2006 for which Wells Fargo outsources all material servicing activities (as defined by Regulation AB) (the “Platform”).

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required in the related transaction agreements, or required by the Item 1122(d) servicing criteria in regards to the activities performed by the Company, except for the following criteria: 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which Management has determined are not applicable to the activities the Company performs with respect to the Platform (“the Applicable Servicing Criteria”).

Period: As of and for the twelve months ended December 31, 2009 (the “Period”).

Third parties classified as vendors: With respect to servicing criteria 1122(d)(4)(i), the Company has engaged various vendors to handle certain Uniform Commercial Code filing functions required by the servicing criteria (“vendors”). The Company has determined that none of these vendors are a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company elects to take responsibility for assessing compliance with the portion of the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations (“Interpretation 17.06”). The Company has policies and procedures in place to provide reasonable assurance that the vendor’s activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 17.06 for the vendors and related criteria.

With respect to the Platform and the Period, the Company provides the following assessment of compliance with respect to the Applicable Servicing Criteria:

1. The Company is responsible for assessing its compliance with the Applicable Servicing Criteria.

2. The Company has assessed compliance with the Applicable Servicing Criteria, including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, as of and for the Period. In performing this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

3. Based on such assessment as of and for the Period, the Company has complied, in all material respects with the applicable servicing criteria.

KPMG LLP, a registered public accounting firm, has issued an attestation report with respect to the Company’s assessment of compliance as of and for the Period.

 

WELLS FARGO BANK, National Association
By:  

/s/ Brian Bartlett

  Brian Bartlett
Its:   Executive Vice President
Dated: February 22, 2010