secwatch.observer — SEC 8-K summary
======================================

Issuer:     SANTANDER DRIVE AUTO RECEIVABLES LLC (—)
CIK:        0001383094
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001193125-25-070430
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Drive Auto Receivables Trust 2022-5 changes servicer to Santander Bank, N.A. as of April 1, 2025
--------------------------------------------------------------------------------

- On April 1, 2025, SBNA succeeded SC as servicer for over 20 securitizations under the Sale and Servicing Agreement.
- Omnibus Amendment transfers certain indemnity and repurchase obligations from SC as servicer to SC in its individual capacity.
- SBNA is a wholly-owned subsidiary of Santander Holdings USA, Inc. and has serviced motor vehicle receivables since 2023.
- SBNA will handle billing, collections, payment posting, repossession, and loss mitigation for the trust's receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070430/0001193125-25-070430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070430/d914112d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070430

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