secwatch.observer — SEC 8-K summary
======================================

Issuer:     EFCAR, LLC (—)
CIK:        0001654238
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0000929638-23-001689
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exeter Auto Receivables Trust 2020-3 amends trust agreement lowering minimum certificate denomination to $1,001
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654238/000092963823001689/0000929638-23-001689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654238/000092963823001689/eart2020-3_8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-23-001689

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer