Exhibit 99.1
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2022-1 Owner Trust |
Collection Period: December 1, 2022 through December 31, 2022 |
Deal Age |
|
11 |
Determination Date: 01/10/2023 |
Actual/360 Days |
|
33 |
Record Date: 01/16/2023 |
30/360 Days |
|
30 |
Payment Date: 01/17/2023 |
ORIGINAL DEAL PARAMETERS
|
|
|
|
Dollar Amount |
|
|
|
|
Number of Receivables |
|
|
|
||
Total Portfolio Balance |
|
|
|
$ |
1,619,433,199.26 |
|
|
|
|
|
77,478 |
|
|
|
|
|
Accrual Basis |
|
Dollar Amount |
|
|
% of Pool |
|
|
Interest Rate |
|
|
Final Scheduled |
|||
Class A-1 Notes |
|
Actual/360 |
|
$ |
389,000,000.00 |
|
|
|
24.02 |
% |
|
|
0.570 |
% |
|
March 15, 2023 |
Class A-2 Notes |
|
30/360 |
|
$ |
531,800,000.00 |
|
|
|
32.84 |
% |
|
|
1.440 |
% |
|
October 15, 2024 |
Class A-3 Notes |
|
30/360 |
|
$ |
531,800,000.00 |
|
|
|
32.84 |
% |
|
|
1.880 |
% |
|
May 15, 2026 |
Class A-4 Notes |
|
30/360 |
|
$ |
126,348,000.00 |
|
|
|
7.80 |
% |
|
|
2.040 |
% |
|
December 15, 2028 |
Certificates |
|
30/360 |
|
$ |
40,485,199.26 |
|
|
|
2.50 |
% |
|
|
0.000 |
% |
|
|
Total Securities Balance |
|
|
|
$ |
1,619,433,199.26 |
|
|
|
|
|
|
|
|
|
||
Total Note Balance |
|
|
|
$ |
1,578,948,000.00 |
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Reserve Account Initial Deposit |
|
|
|
$ |
4,048,583.00 |
|
|
|
|
|
|
|
|
|
||
Yield Supplement Account Deposit |
|
|
|
$ |
89,148,168.76 |
|
|
|
|
|
|
|
|
|
||
COLLECTIONS
Interest Collections |
|
|
|
|
|
|
|
|
|
|
|
|
Simple Interest Collections |
|
$ |
2,320,964.12 |
|
|
|
|
|
|
|
||
Interest Related to Repurchased Receivables |
|
$ |
0.00 |
|
|
|
|
|
|
|
||
Interest Advance for simple Interest - Net * |
|
$ |
0.00 |
|
|
|
|
|
|
|
||
Total Interest Collections |
|
$ |
2,320,964.12 |
|
|
|
|
|
|
|
||
* Advances are reimbursed (including non-recoverable advances of $0.00): |
(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and |
(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances). |
Principal Collections |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Collections |
|
$ |
30,781,149.01 |
|
|
|
|
|
|
|
||
Prepayments in Full |
|
$ |
9,314,234.44 |
|
|
|
|
|
|
|
||
Liquidation Proceeds |
|
$ |
127,722.48 |
|
|
|
|
|
|
|
||
Principal Related to Repurchased Receivables |
|
$ |
0.00 |
|
|
|
|
|
|
|
||
Recoveries from Prior Month Charge Offs |
|
$ |
41,984.01 |
|
|
|
|
|
|
|
||
Total Principal Collections |
|
$ |
40,265,089.94 |
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Interest and Principal Collections |
|
$ |
42,586,054.06 |
|
|
|
|
|
|
|
||
Yield Supplement Deposit |
|
$ |
3,016,499.79 |
|
|
|
|
|
|
|
||
Collection Account Investment Earnings |
|
$ |
0.00 |
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Available Amount |
|
|
|
$ |
45,602,553.85 |
|
|
|
|
|
|
|
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2022-1 Owner Trust |
Collection Period: December 1, 2022 through December 31, 2022 |
Deal Age |
|
11 |
Determination Date: 01/10/2023 |
Actual/360 Days |
|
33 |
Record Date: 01/16/2023 |
30/360 Days |
|
30 |
Payment Date: 01/17/2023 |
DISTRIBUTIONS
Note Percentage |
|
|
100.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|||
Certificate Percentage |
|
|
0.00 |
% |
|
|
|
Amount Due |
|
|
Amount Paid |
|
|
Shortfall |
|
|||
Total Servicing Fee |
|
|
1.00 |
% |
|
|
|
$ |
947,094.53 |
|
|
$ |
947,094.53 |
|
|
$ |
0.00 |
|
Trustee Fees |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Asset Representations Reviewer Fees (Accrued & Unpaid) |
|
|
|
|
$ |
0.00 |
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest - Class A-1 Notes |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Interest - Class A-2 Notes |
|
|
|
|
|
|
$ |
525,456.29 |
|
|
$ |
525,456.29 |
|
|
$ |
0.00 |
|
|
Interest - Class A-3 Notes |
|
|
|
|
|
|
$ |
833,153.33 |
|
|
$ |
833,153.33 |
|
|
$ |
0.00 |
|
|
Interest - Class A-4 Notes |
|
|
|
|
|
|
$ |
214,791.60 |
|
|
$ |
214,791.60 |
|
|
$ |
0.00 |
|
|
Total Monthly Interest |
|
|
|
|
|
|
$ |
1,573,401.22 |
|
|
$ |
1,573,401.22 |
|
|
$ |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Principal - Class A-1 Notes |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Principal - Class A-2 Notes |
|
|
|
|
|
|
$ |
40,358,008.94 |
|
|
$ |
40,358,008.94 |
|
|
$ |
0.00 |
|
|
Principal - Class A-3 Notes |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Principal - Class A-4 Notes |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Total Monthly Principal |
|
|
|
|
|
|
$ |
40,358,008.94 |
|
|
$ |
40,358,008.94 |
|
|
$ |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest - Certificates |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Principal - Certificates |
|
|
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
|
|
Available to Deposit |
|
|
Reserve Deposit |
|
|
Reserve Draw |
|
|
Excess Released |
|
|
Released to Seller |
|
|||||
Reserve Account Deposit |
|
$ |
2,724,049.16 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
2,724,049.16 |
|
Noteholder/Certificateholder Distributions |
|
Fee |
|
|
Interest |
|
|
Interest |
|
|
Principal |
|
|
Principal |
|
|
Amount |
|
||||||
Servicing Fee |
|
$ |
0.58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
947,094.53 |
|
||||
Trustee Fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.00 |
|
|||||
Asset Representation Reviewer Fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.00 |
|
|||||||
Class A-1 Notes |
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
Class A-2 Notes |
|
|
|
|
$ |
0.99 |
|
|
$ |
0.00 |
|
|
$ |
75.89 |
|
|
$ |
0.00 |
|
|
$ |
40,883,465.23 |
|
|
Class A-3 Notes |
|
|
|
|
$ |
1.57 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
833,153.33 |
|
|
Class A-4 Notes |
|
|
|
|
$ |
1.70 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
214,791.60 |
|
|
Certificates |
|
|
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
2
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2022-1 Owner Trust |
Collection Period: December 1, 2022 through December 31, 2022 |
Deal Age |
|
11 |
Determination Date: 01/10/2023 |
Actual/360 Days |
|
33 |
Record Date: 01/16/2023 |
30/360 Days |
|
30 |
Payment Date: 01/17/2023 |
POOL DATA
|
|
Proceeding Month |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
|
Carryover Shortfall |
|
|
Beginning of Period |
|
|
End of Period |
|
|||||||||||||||
|
|
Interest |
|
|
Principal |
|
|
Balance |
|
|
Note Factor |
|
|
Balance |
|
|
Note Factor |
|
||||||
Class A-1 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
|
0.0000000 |
|
|
$ |
0.00 |
|
|
|
0.0000000 |
|
Class A-2 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
437,880,238.62 |
|
|
|
0.8233927 |
|
|
$ |
397,522,229.68 |
|
|
|
0.7475033 |
|
Class A-3 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
531,800,000.00 |
|
|
|
1.0000000 |
|
|
$ |
531,800,000.00 |
|
|
|
1.0000000 |
|
Class A-4 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
126,348,000.00 |
|
|
|
1.0000000 |
|
|
$ |
126,348,000.00 |
|
|
|
1.0000000 |
|
Certificates |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
40,485,199.26 |
|
|
|
1.0000000 |
|
|
$ |
40,485,199.26 |
|
|
|
1.0000000 |
|
Total Securities |
|
|
|
|
|
|
|
$ |
1,136,513,437.88 |
|
|
|
0.7017970 |
|
|
$ |
1,096,155,428.94 |
|
|
|
0.6768760 |
|
||
Total Notes |
|
|
|
|
|
|
|
$ |
1,096,028,238.62 |
|
|
|
0.6941509 |
|
|
$ |
1,055,670,229.68 |
|
|
|
0.6685909 |
|
||
Portfolio Information |
|
Original |
|
|
Prior Month |
|
|
Current Month |
|
|||
Weighted Average Coupon (WAC) |
|
|
2.50 |
% |
|
|
2.43 |
% |
|
|
2.43 |
% |
Weighted Average Remaining Maturity (WAM) |
|
|
51.13 |
|
|
|
41.54 |
|
|
|
40.63 |
|
Weighted Average Original Maturity (WAOM) |
|
|
63.23 |
|
|
|
|
|
|
|
||
Remaining Number of Receivables |
|
|
77,478 |
|
|
|
66,891 |
|
|
|
65,901 |
|
Portfolio Receivable Balance |
|
$ |
1,619,433,199.26 |
|
|
$ |
1,136,513,437.88 |
|
|
$ |
1,096,155,428.94 |
|
DELINQUENCY AND NET LOSS ACTIVITY
Net Loss and Delinquency Account Activity |
|
|
|
|
|
Amount |
|
|
Gross Principal Balance on Defaulted Receivables |
|
|
|
|
|
$ |
262,625.49 |
|
Liquidation Proceeds |
|
|
|
|
|
$ |
127,722.48 |
|
Recoveries on Previously Defaulted Contracts |
|
|
|
|
|
$ |
41,984.01 |
|
Aggregate Net Losses for Collection Period |
|
|
|
|
|
$ |
92,919.00 |
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
|
|
|
|
0.10 |
% |
||
Cumulative Net Losses for all Periods |
|
|
|
|
|
$ |
672,573.83 |
|
Delinquent Receivables |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
||||
31-60 Days Delinquent |
|
|
258 |
|
|
|
0.39 |
% |
|
$ |
4,922,621.35 |
|
|
|
0.45 |
% |
61-90 Days Delinquent |
|
|
65 |
|
|
|
0.10 |
% |
|
$ |
1,363,008.83 |
|
|
|
0.12 |
% |
91-120 Days Delinquent |
|
|
22 |
|
|
|
0.03 |
% |
|
$ |
425,661.95 |
|
|
|
0.04 |
% |
121 Days or More Delinquent |
|
|
0 |
|
|
|
0.00 |
% |
|
$ |
0.00 |
|
|
|
0.00 |
% |
Repossession Activity |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
||||
Vehicles Repossessed During Collection Period |
|
|
9 |
|
|
|
0.01 |
% |
|
$ |
237,859.27 |
|
|
|
0.02 |
% |
Total Accumulated Repossessed Vehicles in Inventory |
|
|
16 |
|
|
|
0.02 |
% |
|
$ |
349,100.68 |
|
|
|
0.03 |
% |
3
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2022-1 Owner Trust |
Collection Period: December 1, 2022 through December 31, 2022 |
Deal Age |
|
11 |
Determination Date: 01/10/2023 |
Actual/360 Days |
|
33 |
Record Date: 01/16/2023 |
30/360 Days |
|
30 |
Payment Date: 01/17/2023 |
DELINQUENCY AND NET LOSS ACTIVITY
Net Loss and Delinquency Ratios |
|
|
|
|
|
|
|
|
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
|
|||||||
Third Preceding Collection Period |
|
|
|
|
|
|
-0.07 |
% |
Second Preceding Collection Period |
|
|
|
|
|
|
0.13 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.06 |
% |
Current Collection Period |
|
|
|
|
|
|
0.10 |
% |
Four Month Average |
|
|
|
|
|
|
0.06 |
% |
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
|
|
|
|||||
Second Preceding Collection Period |
|
|
|
|
|
|
0.13 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.16 |
% |
Current Collection Period |
|
|
|
|
|
|
0.16 |
% |
Three Month Average |
|
|
|
|
|
|
0.15 |
% |
Delinquency Trigger |
|
4.80% |
|
Delinquency Percentage exceeds Delinquency Trigger: |
|
No |
||
Delinquency Percentage - |
|
0.16% |
|
|
|
|
|
|
Receivables that are 61 days or more delinquent as a percentage of Current Outstanding Balance of Receivables |
||||||||
LOSS AND CUMULATIVE LOSS INFORMATION
|
|
Current Month |
|
|
Cumulative |
|
||||||||||
For Assets Experiencing a Loss: |
|
Units |
|
|
Amount |
|
|
Units |
|
|
Amount |
|
||||
Gross Principal |
|
14 |
|
|
$ |
251,714.93 |
|
|
|
62 |
|
|
$ |
1,444,618.22 |
|
|
Liquidation Proceeds and Recoveries |
|
16 |
|
|
$ |
157,177.52 |
|
|
|
56 |
|
|
$ |
768,513.98 |
|
|
Net Loss Amount |
|
14 |
|
|
$ |
94,537.41 |
|
|
|
62 |
|
|
$ |
676,104.24 |
|
|
Net Loss % of Average |
|
|
|
|
0.10 |
% |
|
|
|
|
|
|
||||
Cumulative Net Loss % |
|
|
|
|
|
|
|
|
|
|
0.04 |
% |
||||
Average Net Loss of |
|
|
|
|
|
|
|
|
|
$ |
10,904.91 |
|
||||
CREDIT ENHANCEMENT
Reconciliation of Reserve Account |
|
|
|
|
Reconciliation of Yield Supplement Account |
|
||||
Beginning Reserve Account Balance |
|
$ |
4,048,583.00 |
|
|
Beginning Yield Supplement |
|
$ |
51,013,711.30 |
|
Investment Earnings |
|
$ |
13,361.83 |
|
|
Investment Earnings |
|
$ |
172,180.27 |
|
Excess Interest Deposited into the Reserve Account |
|
$ |
0.00 |
|
|
Additional Yield Supplement Amounts |
|
$ |
0.00 |
|
Investment Withdrawal to Seller |
|
$ |
(13,361.83 |
) |
|
Yield Supplement Withdrawal Amount |
|
$ |
3,016,499.79 |
|
Release of Reserve to Collection Account |
|
$ |
0.00 |
|
|
Investment Earnings Withdraw |
|
$ |
0.00 |
|
Release of Reserve to Seller |
|
$ |
0.00 |
|
|
Release of Yield Supplement Account Balance to Seller |
|
$ |
0.00 |
|
Ending Reserve Account Balance |
|
$ |
4,048,583.00 |
|
|
Ending Yield Supplement Account Balance |
|
$ |
48,169,391.78 |
|
|
|
|
|
|
|
|
|
|
||
Reserve Account Required Amount |
|
$ |
4,048,583.00 |
|
|
|
|
|
|
|
4
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2022-1 Owner Trust |
Collection Period: December 1, 2022 through December 31, 2022 |
Deal Age |
|
11 |
Determination Date: 01/10/2023 |
Actual/360 Days |
|
33 |
Record Date: 01/16/2023 |
30/360 Days |
|
30 |
Payment Date: 01/17/2023 |
REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
Is there any activity to report? |
|
|
|
|
|
|
|
No |
|
|
|
|
|
|
|
|
|
STATEMENT TO NOTEHOLDERS
Has there been a material change in practices with respect to charge-offs, collection and management of delinquent receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience? |
|
No |
||||||
|
|
|
|
|
|
|
|
|
Have there been any material modifications, extensions or waivers to receivables terms, fees, penalties or payments during the collection period? |
|
No |
||||||
|
|
|
|
|
|
|
|
|
Have there been any material breaches of representations, warranties or covenants contained in the receivables? |
|
|
|
No |
||||
|
|
|
|
|
|
|
|
|
Has there been an issuance of notes or other securities backed by the receivables? |
|
|
|
No |
||||
|
|
|
|
|
|
|
|
|
Has there been a material change in the underwriting, origination or acquisition of receivables? |
|
|
|
No |
||||
|
|
|
|
|
|
|
|
|
SERVICER CERTIFICATION
I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. |
||
|
|
|
/s/ Paul C. Honda |
|
|
Paul C. Honda |
|
|
Vice President-Finance & Administration and Assistant Secretary |
|
|
5