secwatch.observer — SEC 8-K summary
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Issuer:     SANTANDER DRIVE AUTO RECEIVABLES LLC (—)
CIK:        0001383094
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001193125-25-070399
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Consumer USA transfers servicing of Drive Auto 2021-2 to Santander Bank, N.A. effective April 1, 2025
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- SBNA assumes servicing for more than 20 securitizations sponsored by SC, effective April 1, 2025.
- Omnibus amendment shifts certain indemnities and repurchase obligations from SC as servicer to SC individually.
- SBNA will handle billing, collections, loss mitigation, and repossession for the trust's auto receivables.
- Servicing transfer follows a reorganization of SC's servicing operations; SBNA has been servicing since 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070399/0001193125-25-070399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070399/d913054d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070399

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