{"schema_version":"secwatch.filing_event.v1","accession":"0000929638-23-001689","form_type":"8-K","ticker":null,"cik":"0001654238","company_name":"EFCAR, LLC","filed_at":"2023-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.863489+00:00","generated_at":"2026-06-14T05:53:50.669479+00:00","sec_items":["5.03","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Exeter Auto Receivables Trust 2020-3 amends trust agreement lowering minimum certificate denomination to $1,001","bullets":["Amendment No. 3 dated May 31, 2023, between EFCAR LLC and Wilmington Trust Company.","Minimum certificate denomination reduced from $14,286 to $1,001.","Transfer restrictions updated including 99-holder limit and Treasury Regulation Section 1.385-1 expanded group rule.","EFCAR LLC, as owner of $62,950 book-entry certificates, directed the Owner Trustee to execute.","Rating agencies notified; all conditions precedent satisfied for amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0000929638-23-001689","json":"https://secwatch.observer/filing/0000929638-23-001689.json","markdown":"https://secwatch.observer/filing/0000929638-23-001689.md","text":"https://secwatch.observer/filing/0000929638-23-001689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1654238/000092963823001689/0000929638-23-001689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1654238/000092963823001689/eart2020-3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T05:53:50.669479+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bd12bc3e0e52ceace41313acc1b7371a973f1051","claim":"EFCAR, LLC: Amended trust agreement to change minimum denomination of certificates and related provisions (effective 2023-05-31).","evidence_excerpt":"On June 1, 2023, EFCAR, LLC and Wilmington Trust Company entered into Amendment No. 3, dated as of May 31, 2023, to that certain Amended and Restated Trust Agreement of Exeter Auto Receivables Trust 2020-3, dated as of August 31, 2020, for the purpose of changing the minimum denomination of the certificates and making certain other related amendments thereto.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1654238/000092963823001689/0000929638-23-001689-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Effective","value":"2023-05-31"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}