Exhibit 99.1
Nissan Auto Receivables 2024-B Owner Trust
Servicer’s Certificate
| Collection Period |
31-May-26 | 30/360 Days | 30 | Collection Period Start | 1-May-26 | |||||||||||
| Distribution Date |
15-Jun-26 | Actual/360 Days | 31 | Collection Period End | 31-May-26 | |||||||||||
| Prior Month Settlement Date | 15-May-26 | |||||||||||||||
| Current Month Settlement Date | 15-Jun-26 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
| Pool Balance |
1,397,810,762.29 | 566,273,961.68 | 535,489,396.42 | 0.411256 | ||||||||||||||||
| Yield Supplement Overcollaterization |
|
95,727,428.43 | 25,848,025.90 | 23,914,736.99 | ||||||||||||||||
| Total Adjusted Pool Balance |
|
1,302,083,333.86 | 540,425,935.78 | 511,574,659.43 | ||||||||||||||||
| Total Adjusted Securities |
1,302,083,333.86 | 540,425,935.78 | 511,574,659.43 | 0.392889 | ||||||||||||||||
| Class A-1 Notes |
4.70300 | % | 305,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-2a Notes |
4.51000 | % | 135,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-2b Notes |
4.02285 | % | 315,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
| Class A-3 Notes |
4.34000 | % | 400,000,000.00 | 393,342,601.92 | 364,491,325.57 | 0.911228 | ||||||||||||||
| Class A-4 Notes |
4.35000 | % | 95,000,000.00 | 95,000,000.00 | 95,000,000.00 | 1.000000 | ||||||||||||||
| Certificates |
0.00000 | % | 52,083,333.86 | 52,083,333.86 | 52,083,333.86 | 1.000000 | ||||||||||||||
| Principal Payment |
Interest Payment | Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
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| Class A-1 Notes |
0.00 | 0.00 | — | — | ||||||||||||||||
| Class A-2a Notes |
0.00 | 0.00 | — | — | ||||||||||||||||
| Class A-2b Notes |
0.00 | 0.00 | — | — | ||||||||||||||||
| Class A-3 Notes |
28,851,276.35 | 1,422,589.08 | 72.1281909 | 3.5564727 | ||||||||||||||||
| Class A-4 Notes |
0.00 | 344,375.00 | — | 3.6250000 | ||||||||||||||||
| Certificates |
0.00 | 0.00 | — | — | ||||||||||||||||
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| Total Securities |
28,851,276.35 | 1,766,964.08 | ||||||||||||||||||
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| I. COLLECTIONS |
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| Interest: |
||||||||||||||||||||
| Interest Collections |
2,366,742.24 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Interest |
|
0.00 | ||||||||||||||||||
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| Total Interest Collections |
2,366,742.24 | |||||||||||||||||||
| Principal: |
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| Principal Collections |
30,420,553.92 | |||||||||||||||||||
| Repurchased Loan Proceeds Related to Principal |
|
0.00 | ||||||||||||||||||
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| Total Principal Collections |
30,420,553.92 | |||||||||||||||||||
| Recoveries of Defaulted Receivables |
|
279,390.28 | ||||||||||||||||||
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| Total Collections |
33,066,686.44 | |||||||||||||||||||
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| II. COLLATERAL POOL BALANCE DATA |
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| Number | Amount | |||||||||||||||||||
| Adjusted Pool Balance - Beginning of Period |
|
39,252 | 540,425,935.78 | |||||||||||||||||
| Total Principal Payment |
28,851,276.35 | |||||||||||||||||||
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| 37,015 | 511,574,659.43 | |||||||||||||||||||
Nissan Auto Receivables 2024-B Owner Trust
Servicer’s Certificate
| III. DISTRIBUTIONS |
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| Total Collections |
33,066,686.44 | |||
| Reserve Account Draw |
0.00 | |||
| Total Available for Distribution |
33,066,686.44 | |||
| 1. Reimbursement of Advance |
0.00 | |||
| 2. Servicing Fee: |
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| Servicing Fee Due |
471,894.97 | |||
| Servicing Fee Paid |
471,894.97 | |||
| Servicing Fee Shortfall |
0.00 | |||
| 3. Interest: |
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| Class A-1 Notes Monthly Interest |
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| Class A-1 Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-1 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
| Class A-1 Notes Monthly Interest Distributable Amount |
0.00 | |||
| Class A-1 Notes Monthly Interest Paid |
0.00 | |||
| Change in Class A-1 Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-2a Notes Monthly Interest |
||||
| Class A-2a Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-2a Notes Interest on Interest Carryover Shortfall |
0.00 | |||
| Class A-2a Notes Monthly Interest Distributable Amount |
0.00 | |||
| Class A-2a Notes Monthly Interest Paid |
0.00 | |||
| Change in Class A-2a Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-2b Notes Monthly Interest |
||||
| Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-2b Notes Interest on Interest Carryover Shortfall |
0.00 | |||
| Class A-2b Notes Monthly Interest Distributable Amount |
0.00 | |||
| Class A-2b Notes Monthly Interest Paid |
0.00 | |||
| Change in Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-3 Notes Monthly Interest |
||||
| Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-3 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
| Class A-3 Notes Monthly Interest Distributable Amount |
1,422,589.08 | |||
| Class A-3 Notes Monthly Interest Paid |
1,422,589.08 | |||
| Change in Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-4 Notes Monthly Interest |
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| Class A-4 Notes Interest Carryover Shortfall |
0.00 | |||
| Class A-4 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
| Class A-4 Notes Monthly Interest Distributable Amount |
344,375.00 | |||
| Class A-4 Notes Monthly Interest Paid |
344,375.00 | |||
| Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 | |||
Nissan Auto Receivables 2024-B Owner Trust
Servicer’s Certificate
| Total Note Monthly Interest |
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| Total Note Monthly Interest Due |
1,766,964.08 | |||||||
| Total Note Monthly Interest Paid |
1,766,964.08 | |||||||
| Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
| Total Available for Principal Distribution |
30,827,827.39 | |||||||
| 4. Total Monthly Principal Paid on the Notes |
28,851,276.35 | |||||||
| Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Total Noteholders’ Principal Distributable Amount |
28,851,276.35 | |||||||
| Change in Total Noteholders’ Principal Carryover Shortfall |
0.00 | |||||||
| 5. Total Monthly Principal Paid on the Certificates |
0.00 | |||||||
| Total Certificateholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Total Certificateholders’ Principal Distributable Amount |
0.00 | |||||||
| Change in Total Certificateholders’ Principal Carryover Shortfall |
0.00 | |||||||
| Remaining Available Collections |
1,976,551.04 | |||||||
| Deposit from Remaining Available Collections to fund Reserve Account |
|
0.00 | ||||||
| Remaining Available Collections Released to Certificateholder |
1,976,551.04 | |||||||
| V. RESERVE ACCOUNT |
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| Initial Reserve Account Amount |
3,255,208.33 | |||||||
| Required Reserve Account Amount |
3,255,208.33 | |||||||
| Beginning Reserve Account Balance |
3,255,208.33 | |||||||
| Deposit of Remaining Available Collections |
0.00 | |||||||
| Ending Reserve Account Balance |
3,255,208.33 | |||||||
| Required Reserve Account Amount for Next Period |
3,255,208.33 | |||||||
| VI. POOL STATISTICS |
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| Weighted Average Coupon |
5.25 | % | ||||||
| Weighted Average Remaining Maturity |
34.56 | |||||||
| Amount | Number | |||||||
| Principal on Defaulted Receivables |
364,011.34 | 20 | ||||||
| Principal Recoveries of Defaulted Receivables |
279,390.28 | |||||||
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| Monthly Net Losses |
84,621.06 | |||||||
| Pool Balance at Beginning of Collection Period |
566,273,961.68 | |||||||
| Net Loss Ratio for Third Preceding Collection Period |
0.09 | % | ||||||
| Net Loss Ratio for Second Preceding Collection Period |
-0.07 | % | ||||||
| Net Loss Ratio for Preceding Collection Period |
-0.23 | % | ||||||
| Net Loss Ratio for Current Collection Period |
0.18 | % | ||||||
| Four-Month Average Net Loss Ratio |
-0.01 | % | ||||||
| Cumulative Net Losses for all Periods |
4,889,263.66 | |||||||
Nissan Auto Receivables 2024-B Owner Trust
Servicer’s Certificate
| Amount | Number | % of Receivables (EOP Balance) |
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| Delinquent Receivables: |
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| 31-60 Days Delinquent |
4,855,619.71 | 267 | 0.91 | % | ||||||||
| 61-90 Days Delinquent |
1,018,632.99 | 59 | 0.19 | % | ||||||||
| 91-120 Days Delinquent |
162,585.13 | 11 | 0.03 | % | ||||||||
| More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
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| Total 31+ Days Delinquent Receivables: |
6,036,837.83 | 337 | 1.13 | % | ||||||||
| 61+ Days Delinquencies as Percentage of Receivables (EOP): |
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| Delinquency Ratio for Third Preceding Collection Period |
0.16 | % | 0.14 | % | ||||||||
| Delinquency Ratio for Second Preceding Collection Period |
0.12 | % | 0.10 | % | ||||||||
| Delinquency Ratio for Preceding Collection Period |
0.14 | % | 0.13 | % | ||||||||
| Delinquency Ratio for Current Collection Period |
0.22 | % | 0.19 | % | ||||||||
| Four-Month Average Delinquency Ratio |
0.16 | % | 0.14 | % | ||||||||
| 60 Day Delinquent Receivables |
1,299,556.05 | |||||||||||
| Delinquency Percentage |
0.24 | % | ||||||||||
| Delinquency Trigger |
4.90 | % | ||||||||||
| Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
| Principal Balance of Extensions |
1,637,229.28 | |||||||||||
| Number of Extensions |
88 | |||||||||||
| VII. STATEMENTS TO NOTEHOLDERS |
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| 1. 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? |
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NO | ||||||||||
| 2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables? |
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NO | ||||||||||
| 3. Has there been an issuance of notes or other securities backed by the Receivables? |
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NO | ||||||||||
| 4. Has there been a material change in the underwriting, origination or acquisition of Receivables? |
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NO | ||||||||||