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:  0001193125-25-070423
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Drive 2022-3 trust servicer changed to Santander Bank, N.A. effective April 1, 2025
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- Santander Consumer USA (SC) replaced as servicer by Santander Bank, N.A. (SBNA) effective April 1, 2025.
- SBNA will service over 20 securitizations; assumes billing, collections, repossession, and loss mitigation duties.
- Omnibus Amendment shifts indemnity and repurchase obligations from SC as servicer to SC in individual capacity.
- No changes to note terms or structure; servicer change part of SC's servicing reorganization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070423/0001193125-25-070423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070423/d914097d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070423

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