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PricewaterhouseCoopers LLP
655 New York Ave NW, Suite 1100 Washington, District Of Columbia 20001 |
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www.pwc.com/us
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(202) 414 1000
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the completeness, accuracy, appropriateness, quality or integrity of any of the information provided by the Responsible Party, or any other party for purposes of PwC performing the procedures agreed to by the Specified Parties. The
procedures performed would not necessarily reveal any material misstatement of the amounts, balances, ratios, percentages or other relationships of the information included in the data provided to us;
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the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements;
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the existence of the assets or collateral securing such assets;
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the rights of any party including, the Specified Parties, the Responsible Party, or the Transaction have to the assets or collateral securing such assets or any obligations on those assets or collateral securing such assets;
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the value of collateral securing such assets; and
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the compliance of the originator of the assets with federal, state, and local laws and regulations.
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the interpretation of Transaction documents (including, but not limited to, indenture agreements or offering documents) included in connection with our procedures;
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your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934;
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the reasonableness of any of the assumptions provided by the Responsible Party; and
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the adequacy of the sample size, as provided by the Specified Parties, nor do we draw any conclusions about the entire collateral pool based on the sample size and results of
the procedures performed.
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| I. |
Data, Information and Documents Provided
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| A. |
The following documents for each Sample Receivable:
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| (1) |
The promissory note (the “Note”);
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| (2) |
Screenshots from the Company’s loan servicing system, used to manage the Company’s auto loan receivables including loan level transaction history and performance information (the “System Screenshots”), which the Company represents is as of
May 12, 2026;
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An Excel data file containing a list of loan numbers as of April 30, 2026, which was initially the proposed pool of collateral for the Transaction, provided by the Company on May 5, 2026 (the “Loan Number List”).
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An Excel data file containing certain data fields for the loan receivables listed in the Loan Number List as of May 12, 2026 (the “Data Tape Cutoff Date”), provided by the Company on May 14, 2026 (the “Data Tape File”).
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| D. |
For Sample Receivable #3, additional screenshots from the Company’s loan servicing system pertaining to loan and account activity for the identified Sample Receivable, which the Company represents shows the specific activity on the account
and loan on May 12, 2026 (the “Current Balance Additional Screenshots”).
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| II. |
Procedures Performed
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| A. |
For each Sample Receivable, we observed a signature on the Note. We did not perform any procedures with respect to the authenticity of the signature on the Note.
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For each Sample Receivable, we observed a “Truth-in-Lending” disclosure on the Note. We did not perform any procedures with respect to the accuracy of the “Truth-in-Lending” disclosure.
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| C. |
For each Sample Receivable, we compared the following fields on the Data Tape File to the respective fields on the Note (unless otherwise noted below):
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| 1) |
Original APR
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Contractual Maturity Date
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Loan Number
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Original Term
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First Payment Due Date
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For Original APR, Contractual Maturity Date, Loan Number, Original Term or First Payment Due Date, we compared the Data Tape File to the System Screenshots for the applicable Sample Receivable.
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| D. |
For each Sample Receivable, we recalculated the remaining term using the “Contractual_Maturity_Date” in the Data Tape File and May 12, 2026, rounding to whole months; and compared our result to the Remaining Loan Term field in the Data
Tape File.
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| E. |
For each Sample Receivable, we compared the following fields on the System Screenshots to the respective fields on the Data Tape File:
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| 1) |
Borrower Billing State
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Origination FICO
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| 3) |
Current Principal Balance
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Current Interest Rate
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| 5) |
Title Status
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New/Used Indicator
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If the Current Principal Balance did not agree, we compared the ‘Current Balance’ shown on the Current Balance Additional Screenshots to the respective amount on the Data Tape File.
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rely upon this report, and any use of this report by that Non-Specified Party is its sole responsibility and at its sole and exclusive risk; and
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acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party.
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