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:  0001193125-25-070448
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Consumer USA transfers auto loan servicing to Santander Bank N.A. effective April 1, 2025
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- Omnibus Amendment shifts certain indemnities and repurchase obligations from SC as servicer to SC in its individual capacity.
- Effective April 1, 2025, Santander Bank N.A. assumes servicing of more than 20 securitizations sponsored by SC, including the Issuing Entity.
- SBNA is a wholly-owned subsidiary of Santander Holdings USA; previously serviced motor vehicle contracts since 2023.
- All servicing activities (billing, collections, repossession, etc.) will be performed by SBNA going forward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070448/0001193125-25-070448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070448/d915653d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070448

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