8-K
filed April 1, 2025, 7:59 PM ET
CIK 0001383094
other material
confidence medium
sentiment neutral
materiality 0.45
Santander Drive Auto Receivables Trust shifts servicing from SC to Santander Bank, N.A. effective April 1, 2025
SANTANDER DRIVE AUTO RECEIVABLES LLC
- Servicing transferred from Santander Consumer USA (SC) to Santander Bank, N.A. (SBNA) effective April 1, 2025.
- Omnibus amendment shifts certain indemnity and repurchase obligations from SC as servicer to SC in its individual capacity.
- SBNA will service over 20 securitizations; it has been servicing since 2023.
- Filing details SBNA's servicing practices for collections, extensions, modifications, charge-offs, and bankruptcy handling.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001193125-25-070427
- 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
- 2026-05-14T18:02:48.117147+00:00
- generated_at
- 2026-05-24T00:29:50.482664+00:00
- sec_items
- ["1.01", "6.02", "9.01"]
- event_type
- other_material
- sentiment
- neutral
- materiality_score
- 0.45
- calibrated_materiality_score
- 0.45
- confidence
- medium
- secwatch_canonical_url
- https://secwatch.observer/filing/0001193125-25-070427
- json_url
- https://secwatch.observer/filing/0001193125-25-070427.json
- markdown_url
- https://secwatch.observer/filing/0001193125-25-070427.md
- text_url
- https://secwatch.observer/filing/0001193125-25-070427.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1383094/000119312525070427/0001193125-25-070427-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1383094/000119312525070427/d914106d8k.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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