Attached files
file | filename |
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10-K - FORM 10-K - SANTANDER DRIVE AUTO RECEIVABLES LLC | c14594e10vk.htm |
EX-33.1 - EXHIBIT 33.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | c14594exv33w1.htm |
EX-31.1 - EXHIBIT 31.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | c14594exv31w1.htm |
EX-35.1 - EXHIBIT 35.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | c14594exv35w1.htm |
EX-33.2 - EXHIBIT 33.2 - SANTANDER DRIVE AUTO RECEIVABLES LLC | c14594exv33w2.htm |
EX-34.1 - EXHIBIT 34.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | c14594exv34w1.htm |
Exhibit 34.2
Report of Independent Registered Public Accounting Firm
The Board of Directors
U.S. Bank National Association
U.S. Bank National Association
We have examined managements assertion, included in the accompanying Report on
Compliance with Applicable Servicing Criteria Pursuant to Item 1122 of Regulation AB under the
Securities and Exchange Act of 1934, that U.S. Bank National Association (the Company) complied
with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commissions
Regulation AB for the Corporate Trust Asset-Backed Securities platform (the Platform), as defined
in managements assertion, as of December 31, 2010, and for the period from January 1,
2010 through December 31, 2010, except for servicing criteria 1122 (d)(1)(iii), 1122
(d)(4)(i)-(ii), and 1122 (d)(4)(iv)-(xiv), which the Company has determined are not applicable to
the activities performed by them with respect to the servicing Platform covered by this report.
Management is responsible for the Companys compliance with those servicing criteria. Our
responsibility is to express an opinion on managements assertion about the Companys compliance
with the servicing criteria based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight
Board (United States) and, accordingly, included examining, on a test basis, evidence about the
Companys compliance with the applicable servicing criteria and performing such other procedures as
we considered necessary in the circumstances. Our examination included testing of less than all of
the individual asset-backed transactions and securities that comprise the Platform, testing of less
than all of the servicing activities related to the Platform, and determining whether the Company
processed those selected transactions and performed those selected activities in compliance with
the servicing criteria. Furthermore, our procedures were limited to the selected transactions and
servicing activities performed by the Company during the period covered by this report. Our
procedures were not designed to determine whether errors may have occurred either prior to or
subsequent to our tests that may have affected the balances or amounts calculated or reported by
the Company during the period covered by this report for the selected transactions or any other
transactions. Although the Company is responsible for assessing compliance with Items 1122
(d)(1)(ii) and 1122 (d)(2)(iii) of Regulation AB, there were no servicing activities performed by
the Company during the period from January 1, 2010 through December 31, 2010, that required these
servicing criteria to be complied with. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Companys compliance
with the servicing criteria.
In our opinion, managements assertion that the Company complied with the aforementioned servicing
criteria as of December 31, 2010, and for the period from January 1, 2010 through
December 31, 2010, for the Corporate Trust Asset-Backed Securities Platform is fairly stated, in
all material respects.
/s/ Ernst & Young LLP |
Minneapolis, Minnesota
March 4, 2011
March 4, 2011