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:  0001193125-25-070427
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Drive Auto Receivables Trust shifts servicing from SC to Santander Bank, N.A. effective April 1, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070427/0001193125-25-070427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070427/d914106d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070427

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