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:  0001193125-25-070410
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trust servicer changed to Santander Bank N.A. effective Apr 1 2025
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- Omnibus Amendment shifts indemnity/repurchase responsibility from SC as servicer to SC individually.
- Servicing transferred from Santander Consumer USA (SC) to Santander Bank, N.A. (SBNA) on April 1, 2025.
- SBNA assumes servicing for more than 20 securitizations sponsored by SC.
- Extensive servicing practices disclosure provided; SBNA is wholly-owned by Santander Holdings USA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070410/0001193125-25-070410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070410/d913367d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070410

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