UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934.

For the monthly distribution period from May 1, 2022 to May 31, 2022

Commission File Number of issuing entity: 333-228112-05

Central Index Key Number of issuing entity: 0001812528

WORLD OMNI AUTO RECEIVABLES TRUST 2020-B

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-228112

Central Index Key Number of depositor: 0001083199

WORLD OMNI AUTO RECEIVABLES LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0001004150

WORLD OMNI FINANCIAL CORP.

(Exact name of sponsor as specified in its charter)

Paula Pescaru, Assistant Secretary, (954) 295-7425

(Name and telephone number, including area code,

of the person to contact in connection with this filing)

Delaware

(State or other jurisdiction of incorporation or organization of the issuing entity)

52-2184798

(I.R.S. Employer Identification No.)

250 Jim Moran Boulevard, Deerfield Beach, FL 33442

(Address, including zip code, of principal executive offices of the issuing entity)

(954) 429-2200

(Telephone number, including area code, of the issuing entity)

Former name or former address, if changed since last report: Not applicable.

Registered/reporting pursuant to (check one):

Title of class	Section 12(b)	Section 12(g)	Section 15(d)	Name of exchange (If Section 12(b))
Asset Backed Notes, Class A-1	¨	¨	x	¨
Asset Backed Notes, Class A-2a	¨	¨	x	¨
Asset Backed Notes, Class A-2b	¨	¨	x	¨
Asset Backed Notes, Class A-3	¨	¨	x	¨
Asset Backed Notes, Class A-4	¨	¨	x	¨
Asset Backed Notes, Class B	¨	¨	x	¨

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No ¨

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Distribution and pool performance information with respect to the receivables that constitute the assets of World Omni Auto Receivables Trust 2020-B for the distribution period commencing on May 1, 2022 and expiring on May 31, 2022 is set forth in the Monthly Servicer’s Certificate that is attached to this report as Exhibit 99.1, which Certificate is incorporated by reference herein. See the Sale and Servicing Agreement, Indenture and other documents filed as exhibits to the Form 8-K filed by the Trust on June 25, 2020 for a description of the transaction and defined terms used in this report and the attached Certificate.

Item 1A. Asset-Level Information.

The Asset Data File for the asset pool of the Issuing Entity for the May Collection Period month filed as Exhibit 102 to the Form ABS-EE filed by the Issuing Entity with the U.S. Securities and Exchange Commission on June 29, 2022 (the “Form ABS-EE”) is incorporated into this Form 10-D by reference.

The Asset Related Document (Additional Explanatory Disclosure) for the asset pool of the Issuing Entity for the May Collection Period filed as Exhibit 103 to the Form ABS-EE is also incorporated into this Form 10-D by reference.

Item 1B. Asset Representations Reviewer and Investor Communication.

Not applicable.

ITEM 1121 (c) OF REGULATION AB. REPURCHASES AND REPLACEMENTS

No activity to report for the distribution period as required by Item 1121 (c) of Regulation AB.

Date of Most Recent Form ABS-15G: January 7, 2022

Central Index Key (CIK) of Securitizer: 0001004150

PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

Not applicable.

Item 3. Sales of Securities and Use of Proceeds.

Not applicable.

Item 4. Defaults Upon Senior Securities.

Not applicable.

Item 5. Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 6. Significant Obligors of Pool Assets.

Not applicable.

Item 7. Change in Sponsor Interest in the Securities.

Not applicable.

Item 8. Significant Enhancement Provider Information.

Not applicable.

Item 9. Other Information.

Not applicable.

Item 10. Exhibits.

Exhibit 99.1. Monthly Servicer’s Certificate for the distribution period commencing on May 1, 2022 and expiring on May 31, 2022.

Exhibit 102 Asset Data File for the calendar month May 1, 2022 to May 31, 2022 (See Exhibit 102 to Form ABS-EE filed by World Omni Auto Receivables Trust 2020-B on June 29, 2022 which is incorporated by reference herein).

Exhibit 103 Asset Related Document for the calendar month May 1, 2022 to May 31, 2022 (See Exhibit 103 to Form ABS-EE filed by World Omni Auto Receivables Trust 2020-B on June 29, 2022 which is incorporated by reference herein).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	World Omni Auto Receivables Trust 2020-B
	(Issuing Entity)

	By:	World Omni Financial Corp. (Servicer, not in its individual capacity, but solely as Servicer on behalf of the Issuing Entity)

Date: June 29, 2022		/s/ Ronald J. Virtue
		Ronald J. Virtue
		Assistant Treasurer

Exhibit 99.1

World Omni Auto Receivables Trust 2020-B
Monthly Servicer Certificate
May 31, 2022

Dates Covered
Collections Period	05/01/22 - 05/31/22
Interest Accrual Period	05/16/22 - 06/14/22
30/360 Days	30
Actual/360 Days	30
Distribution Date	06/15/22

Collateral Pool Balance Data	$ Amount		# of Accounts
Pool Balance at 04/30/22	333,999,024.20		20,380
Yield Supplement Overcollateralization Amount 04/30/22	11,265,999.68		0
Receivables Balance 04/30/22	345,265,023.88		20,380
Principal Payments	15,360,332.20		509
Defaulted Receivables	173,561.98		10
Repurchased Accounts	0.00		0
Yield Supplement Overcollateralization Amount at 05/31/22	10,516,721.57		0
Pool Balance at 05/31/22	319,214,408.13		19,861

Pool Statistics	$ Amount		# of Accounts
Pool Factor	36.81	%
Prepayment ABS Speed	1.29	%
Aggregate Starting Principal Balance	895,761,839.35		38,913

Delinquent Receivables:
Past Due 31-60 days	1,834,181.29		92
Past Due 61-90 days	477,336.55		24
Past Due 91-120 days	115,904.05		6
Past Due 121+ days	0.00		0
Total	2,427,421.89		122

Total 31+ Delinquent as % Aggregate Ending Principal Balance	0.74	%
Total 61+ Delinquent as % Aggregate Ending Principal Balance	0.18	%
Delinquency Trigger Occurred	NO

Recoveries	177,543.46
Aggregate Net Losses/(Gains) - May 2022	(3,981.48	)
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio	-0.01	%
Prior Net Losses/(Gains) Ratio	-0.26	%
Second Prior Net Losses/(Gains) Ratio	-0.09	%
Third Prior Net Losses/(Gains) Ratio	0.30	%
Four Month Average	-0.02	%

Cumulative Net Loss as a % of Aggregate Starting Principal Balance	0.21	%

Overcollateralization Target Amount	4,249,049.30
Actual Overcollateralization	4,249,049.30
Weighted Average Contract Rate	3.65	%
Weighted Average Contract Rate, Yield Adjusted	5.84	%
Weighted Average Remaining Term	38.95

Flow of Funds	$ Amount
Collections	16,591,217.01
Investment Earnings on Cash Accounts	4,831.97
Servicing Fee	(287,720.85	)
Transfer to Collection Account	-
Available Funds	16,308,328.13

Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year)	-
(2) Class A Interest	165,202.24
(3) Noteholders' First Priority Principal Distributable Amount	-
(4) Class B Interest	25,925.00
(5) Noteholders' Second Priority Principal Distributable Amount	-
(6) Class C Interest	21,781.25
(7) Noteholders' Third Priority Principal Distributable Amount	10,535,566.77
(8) Required Reserve Account	-
(9) Noteholders' Principal Distributable Amount	4,249,049.30
(10) Asset Representation Reviewer Amounts (in excess of 1)	-
(11) Distribution to Certificateholders	1,310,803.57

Total Distributions of Available Funds	16,308,328.13

Servicing Fee	287,720.85
Unpaid Servicing Fee	-
Change in amount of the unpaid servicing fee from the prior period	-

Note Balances & Note Factors	$ Amount
Original Class A	809,430,000.00
Original Class B	25,500,000.00
Original Class C	12,750,000.00

Total Class A, B, & C
Note Balance @ 05/16/22	329,749,974.90
Principal Paid	14,784,616.07
Note Balance @ 06/15/22	314,965,358.83

Class A-1
Note Balance @ 05/16/22	0.00
Principal Paid	0.00
Note Balance @ 06/15/22	0.00
Note Factor @ 06/15/22	0.0000000	%

Class A-2a
Note Balance @ 05/16/22	0.00
Principal Paid	0.00
Note Balance @ 06/15/22	0.00
Note Factor @ 06/15/22	0.0000000	%

Class A-2b
Note Balance @ 05/16/22	0.00
Principal Paid	0.00
Note Balance @ 06/15/22	0.00
Note Factor @ 06/15/22	0.0000000	%

Class A-3
Note Balance @ 05/16/22	214,669,974.90
Principal Paid	14,784,616.07
Note Balance @ 06/15/22	199,885,358.83
Note Factor @ 06/15/22	70.9316390	%

Class A-4
Note Balance @ 05/16/22	76,830,000.00
Principal Paid	0.00
Note Balance @ 06/15/22	76,830,000.00
Note Factor @ 06/15/22	100.0000000	%

Class B
Note Balance @ 05/16/22	25,500,000.00
Principal Paid	0.00
Note Balance @ 06/15/22	25,500,000.00
Note Factor @ 06/15/22	100.0000000	%

Class C
Note Balance @ 05/16/22	12,750,000.00
Principal Paid	0.00
Note Balance @ 06/15/22	12,750,000.00
Note Factor @ 06/15/22	100.0000000	%

Interest & Principal Payments	$ Amount
Total Interest Paid	212,908.49
Total Principal Paid	14,784,616.07
Total Paid	14,997,524.56

Class A-1
Coupon	0.26763	%
Interest Paid	0.00
Principal Paid	0.00
Total Paid to A-1 Holders	0.00

Class A-2a
Coupon	0.55000	%
Interest Paid	0.00
Principal Paid	0.00
Total Paid to A-2a Holders	0.00

Class A-2b
One-Month Libor	N/A
Coupon	0.25000	%
Interest Paid	0.00
Principal Paid	0.00
Total Paid to A-2b Holders	0.00

Class A-3
Coupon	0.63000	%
Interest Paid	112,701.74
Principal Paid	14,784,616.07
Total Paid to A-3 Holders	14,897,317.81

Class A-4
Coupon	0.82000	%
Interest Paid	52,500.50
Principal Paid	0.00
Total Paid to A-4 Holders	52,500.50

Class B
Coupon	1.22000	%
Interest Paid	25,925.00
Principal Paid	0.00
Total Paid to B Holders	25,925.00

Class C
Coupon		2.05000	%
Interest Paid		21,781.25
Principal Paid		0.00
Total Paid to C Holders		21,781.25

Distribution per $1,000 of Notes		Total
Total Interest Distribution Amount		0.2511661
Total Interest Carryover Shortfall		0.0000000
Total Principal Distribution Amount		17.4412704
Total Distribution Amount		17.6924365

A-1 Interest Distribution Amount		0.0000000
A-1 Interest Carryover Shortfall		0.0000000
A-1 Principal Distribution Amount		0.0000000
Total A-1 Distribution Amount		0.0000000

A-2a Interest Distribution Amount		0.0000000
A-2a Interest Carryover Shortfall		0.0000000
A-2a Principal Distribution Amount		0.0000000
Total A-2a Distribution Amount		0.0000000

A-2b Interest Distribution Amount		0.0000000
A-2b Interest Carryover Shortfall		0.0000000
A-2b Principal Distribution Amount		0.0000000
Total A-2b Distribution Amount		0.0000000

A-3 Interest Distribution Amount		0.3999352
A-3 Interest Carryover Shortfall		0.0000000
A-3 Principal Distribution Amount		52.4649257
Total A-3 Distribution Amount		52.8648609

A-4 Interest Distribution Amount		0.6833333
A-4 Interest Carryover Shortfall		0.0000000
A-4 Principal Distribution Amount		0.0000000
Total A-4 Distribution Amount		0.6833333

B Interest Distribution Amount		1.0166667
B Interest Carryover Shortfall		0.0000000
B Principal Distribution Amount		0.0000000
Total B Distribution Amount		1.0166667

C Interest Distribution Amount		1.7083333
C Interest Carryover Shortfall		0.0000000
C Principal Distribution Amount		0.0000000
Total C Distribution Amount		1.7083333

Noteholders' First Priority Principal Distributable Amount		0.00
Noteholders' Second Priority Principal Distributable Amount		0.00
Noteholders' Third Priority Principal Distributable Amount		712.60
Noteholders' Principal Distributable Amount		287.40

Account Balances		$ Amount
Reserve Account
Balance as of 05/16/22		8,498,098.59
Investment Earnings		4,521.15
Investment Earnings Paid		(4,521.15	)
Deposit/(Withdrawal)		-
Balance as of 06/15/22		8,498,098.59
Change		-

Required Reserve Amount		8,498,098.59

Other Servicing Information		Current Month			Prior Month			Two Months Prior
Principal Balance of Receivables extended during the Collection Period	$	848,090.94		$	706,444.80		$	753,708.34
Number of Extensions		41			35			33
Ratio of extensions to Beginning of Period Receivables Balance		0.25	%		0.20	%		0.20	%