Attached files

file filename
EX-33.1 - EX-33.1 - GM Financial Automobile Leasing Trust 2016-2d357162dex331.htm
EX-35.1 - EX-35.1 - GM Financial Automobile Leasing Trust 2016-2d357162dex351.htm
10-K - 10-K - GM Financial Automobile Leasing Trust 2016-2d357162d10k.htm
EX-34.2 - EX-34.2 - GM Financial Automobile Leasing Trust 2016-2d357162dex342.htm
EX-34.1 - EX-34.1 - GM Financial Automobile Leasing Trust 2016-2d357162dex341.htm
EX-31.1 - EX-31.1 - GM Financial Automobile Leasing Trust 2016-2d357162dex311.htm

Exhibit 33.2

ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA

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

Period: As of and for the twelve months ended December 31, 2016 (the “Period”).

Platform: The platform consists of asset-backed securities (“ABS”) transactions for which the Company provides trustee (except Delaware trustee or owner trustee) and/or paying agent services and for which (i) some or all of the offered securities for such ABS transactions were publicly offered pursuant to a registration statement delivered under the Securities Act of 1933, as amended, or (ii) the offered securities for such ABS transactions were privately issued pursuant to an exemption from registration and the Company has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes (a) any transactions for which the securities issued are mortgage-backed securities or mortgage-related asset-backed securities and (b) certain transactions for which the issuing entity has a fiscal year that ends on a date other than the end of the calendar year (the “ABS Platform”). Appendix A identifies the individual transactions defined by Management as constituting the ABS Platform for the Period.

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d) applicable to the Company’s obligations in the related transaction agreements with respect to the ABS Platform for the Period, except for the following servicing criteria: 1122(d)(1)(v), 1122(d)(2)(iii), 1122(d)(3)(i)(B), 1122(d)(3)(i)(C), 1122(d)(3)(i)(D), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv), which Management has determined are not applicable to the Company’s obligations in the related transaction agreements with respect to the ABS Platform for the Period; provided however that, with respect to the ABS Platform (a) servicing criterion 1122(d)(3)(i)(A) is applicable only as it relates to the Company’s obligation to distribute or make available to investors, in accordance with the timeframes set forth in the transaction agreements, the relevant investor reports received by the Company from the entity preparing such reports; (b) servicing criterion 1122(d)(3)(ii) is applicable only as it relates to the Company’s obligation to make remittances to investors in accordance with the transaction agreements; and (c) servicing criterion 1122(d)(4)(iii) is applicable only as it relates to the Company’s obligation to obtain an Officer’s Certificate from the servicer and report any additions, removals and substitutions to investors on the relevant investor report, in each case, in accordance with the transaction agreements (the “Applicable Servicing Criteria”).

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

1. Management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.

2. Management has assessed the Company’s compliance with the Applicable Servicing Criteria. 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. With respect to applicable servicing criteria 1122(d)(1)(ii), 1122(d)(4)(i) and 1122(d)(4)(xv), Management has determined that there were no activities performed during the Period with respect to the ABS Platform, because there were no occurrences of events that would require the Company to perform such activities.


4. Based on such assessment for the Period, the Company has complied in all material respects with the Applicable Servicing Criteria.

KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management’s assessment of the Company’s compliance with the Applicable Servicing Criteria for the Period.

 

WELLS FARGO BANK, National Association
By:  

/s/ Bruce C. Wandersee __

  Bruce C. Wandersee
Title:   Senior Vice President
Dated:   February 21, 2017

 

2


Appendix A to the Company’s Assessment of Compliance with the Applicable Servicing Criteria

 

ABS Platform Transactions

Deal Identifier

  

Long Name

AMCAR114    AmeriCredit Automobile Receivables Trust 2011-4
AMCAR115    AmeriCredit Automobile Receivables Trust 2011-5
AMCAR121    AmeriCredit Automobile Receivables Trust 2012-1
AMCAR122    AmeriCredit Automobile Receivables Trust 2012-2
AMCAR123    AmeriCredit Automobile Receivables Trust 2012-3
AMCAR124    AmeriCredit Automobile Receivables Trust 2012-4
AMCAR134    AmeriCredit Automobile Receivables Trust 2013-4
AMOT124    Ally Master Owner Trust 2012-4
AMOT125    Ally Master Owner Trust 2012-5
AMOT131    Ally Master Owner Trust 2013-1
AMOT132    Ally Master Owner Trust 2013-2
AMOT133    Ally Master Owner Trust 2013-3
AMOT141    Ally Master Owner Trust 2014-1
AMOT142    Ally Master Owner Trust 2014-2
AMOT143    Ally Master Owner Trust 2014-3
AMOT144    Ally Master Owner Trust 2014-4
AMOT145    Ally Master Owner Trust 2014-5
AMOT151    Ally Master Owner Trust 2015-1
AMOT152    Ally Master Owner Trust 2015-2
AMOT153    Ally Master Owner Trust 2015-3
BANKONESER1    Chase Issuance Trust
CHASE97ABOAT    Chase Manhattan Marine Owner Trust 1997-A
CHASE97ARV    Chase Manhattan RV Owner Trust 1997-A
CITEL051    CIT Education Loan Trust 2005-1
GMALT151    GM Financial Automobile Leasing Trust 2015-1
GMALT152    GM Financial Automobile Leasing Trust 2015-2
GMALT153    GM Financial Automobile Leasing Trust 2015-3
GMALT161    GM Financial Automobile Leasing Trust 2016-1
GMALT162    GM Financial Automobile Leasing Trust 2016-2
GMALT163    GM Financial Automobile Leasing Trust 2016-3
GREENTREE961    Green Tree Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996-1
GREENTREE962    Green Tree Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996-2
HUNT2016-1    HUNTINGTON AUTO TRUST 2016-1
NAVIENT151    Navient Student Loan Trust 2015-1
NAVIENT152    Navient Student Loan Trust 2015-2
NAVIENT153    Navient Student Loan Trust 2015-3
NSLT043    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2004-3
NSLT044    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2004-4
NSLT051    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-1
NSLT052    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-2
NSLT053    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-3
NSLT054    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-4
NSLT061    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2006-1
NSLT062    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2006-2
NSLT063    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2006-3
NSLT071    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2007-1
NSLT082    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2008-2
NSLT083    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2008-3
NSLT084    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2008-4
NSLT092    Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2009-2
OAKWOOD2000C    Oakwood Mortgage Investors 2000-C Senior/Subordinate Pass-Through Certificates
OAKWOOD2000D    Oakwood Mortgage Investors Series 2000-D Senior/Subordinate Pass-Through Certificates
SDART121    Santander Drive Auto Receivables Trust 2012-1
SDART124    Santander Drive Auto Receivables Trust 2012-4
SDART133    Santander Drive Auto Receivables Trust 2013-3
SDART141    Santander Drive Auto Receivables Trust 2014-1
SDART144    Santander Drive Auto Receivables Trust 2014-4
SDART145    Santander Drive Auto Receivables Trust 2014-5
SDART152    Santander Drive Auto Receivables Trust 2015-2
SDART154    Santander Drive Auto Receivables Trust 2015-4
SDART155    Santander Drive Auto Receivables Trust 2015-5
SDART161    Santander Drive Auto Receivables Trust 2016-1
SDART162    Santander Drive Auto Receivables Trust 2016-2
SDART163    Santander Drive Auto Receivables Trust 2016-3

 

A-1