8-K
filed April 1, 2025, 7:59 PM ET
CIK 0001383094
other material
confidence high
sentiment neutral
materiality 0.40
Drive Auto Receivables Trust 2021-3 servicer changed to Santander Bank, N.A. effective April 1
SANTANDER DRIVE AUTO RECEIVABLES LLC
- Omnibus amendment shifts certain indemnities and repurchase obligations from SC as servicer to SC individually.
- Servicing transfer date April 1, 2025; SBNA assumes servicing for over 20 securitizations sponsored by SC.
- SBNA is a national bank regulated by OCC, FDIC, CFPB and a wholly-owned subsidiary of Santander Holdings USA.
- Prior to transfer, SBNA has been servicing motor vehicle contracts since 2023; no changes to transaction structure.
- No financial impact or changes to the trust's asset pool or cash flows were disclosed.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001193125-25-070408
- form_type
- 8-K
- ticker
- null
- cik
- 0001383094
- company_name
- SANTANDER DRIVE AUTO RECEIVABLES LLC
- filed_at
- 2025-04-01T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:48.115908+00:00
- generated_at
- 2026-05-24T00:28:53.821873+00:00
- sec_items
- ["1.01", "6.02", "9.01"]
- event_type
- other_material
- sentiment
- neutral
- materiality_score
- 0.4
- calibrated_materiality_score
- 0.4
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001193125-25-070408
- json_url
- https://secwatch.observer/filing/0001193125-25-070408.json
- markdown_url
- https://secwatch.observer/filing/0001193125-25-070408.md
- text_url
- https://secwatch.observer/filing/0001193125-25-070408.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1383094/000119312525070408/0001193125-25-070408-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1383094/000119312525070408/d913085d8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
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