Hyundai Auto Receivables Trust 2020-B
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Monthly Servicing Report
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Collection Period
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July 2024
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Distribution Date
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08/15/24
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Transaction Month
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49
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30/360 Days
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30
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Actual/360 Days
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31
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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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June 15, 2020
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Closing Date:
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July 22, 2020
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Dollars
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Units
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WAC
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WARM
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Original Pool Balance:
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$
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1,194,414,188.47
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62,743
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4.35
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%
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53.62
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Original Adj. Pool Balance:
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$
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1,185,325,133.39
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Amount
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% of Pool
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Note Rate
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Final Payment Date
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Class A-1 Notes
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Fixed
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$
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262,400,000.00
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21.969
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%
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0.27088
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%
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July 15, 2021
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Class A-2 Notes
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Fixed
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$
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380,000,000.00
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31.815
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%
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0.38000
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%
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March 15, 2023
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Class A-3 Notes
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Fixed
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$
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380,000,000.00
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31.815
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%
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0.48000
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%
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December 16, 2024
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Class A-4 Notes
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Fixed
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$
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76,390,000.00
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6.396
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%
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0.62000
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%
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December 15, 2025
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Class B Notes
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Fixed
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$
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21,340,000.00
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1.787
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%
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0.94000
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%
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December 15, 2025
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Class C Notes
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Fixed
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$
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35,560,000.00
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2.977
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%
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1.60000
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%
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December 15, 2026
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Total Securities
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$
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1,155,690,000.00
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96.758
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%
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Overcollateralization
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$
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29,635,133.39
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2.481
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%
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YSOA
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$
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9,089,055.08
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0.761
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%
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Total Original Pool Balance
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$
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1,194,414,188.47
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100.00
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%
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II. POOL BALANCE AND PORTFOLIO INFORMATION
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Beginning of Period
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Ending of Period
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Change
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Balance
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Note Factor
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Balance
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Note Factor
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Class A-1 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-2 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-3 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class A-4 Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class B Notes
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$
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-
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-
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$
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-
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-
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$
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-
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Class C Notes
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$
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31,979,896.27
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0.8993222
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$
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25,169,331.25
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0.7077990
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$
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6,810,565.02
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Total Securities
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$
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31,979,896.27
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0.0276717
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$
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25,169,331.25
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0 .0217786
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$
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6,810,565.02
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Weighted Avg. Coupon (WAC)
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4.86
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%
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4.93
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%
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Weighted Avg. Remaining Maturity (WARM)
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16.01
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15.40
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Pool Receivables Balance
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$
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67,788,543.30
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$
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60,943,990.03
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Remaining Number of Receivables
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13,551
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12,708
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Adjusted Pool Balance
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$
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67,539,650.27
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$
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60,729,085.25
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III. COLLECTIONS
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Principal:
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Principal Collections
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$
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6,741,236.61
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Repurchased Contract Proceeds Related to Principal
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$
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-
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Recoveries/Liquidation Proceeds
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$
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161,775.87
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Total Principal Collections
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$
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6,903,012.48
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Interest:
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Interest Collections
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$
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272,748.13
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Late Fees & Other Charges
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$
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19,877.81
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Interest on Repurchase Principal
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$
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-
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Total Interest Collections
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$
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292,625.94
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Collection Account Interest
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$
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27,214.46
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Reserve Account Interest
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$
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51,879.85
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Servicer Advances
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$
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-
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Total Collections
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$
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7,274,732.73
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IV. DISTRIBUTIONS
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Total Collections
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$
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7,274,732.73
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Reserve Account Release
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$
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-
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Reserve Account Draw
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$
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-
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Total Available for Distribution
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$
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7,274,732.73
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Amount Due
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Interest Pymt Due
but unpaid from prior
periods
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Amount Paid
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1. Servicing Fee @1.00%:
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Servicing Fee Due
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1.00
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%
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$
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56,490.45
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$
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-
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$
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56,490.45
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56,490.45
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Collection Account Interest
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$
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27,214.46
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Late Fees & Other Charges
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$
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19,877.81
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Total due to Servicer
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$
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103,582.72
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2. Class A Noteholders Interest:
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Class A-1 Notes
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$
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-
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$
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-
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Class A-2 Notes
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$
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-
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$
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-
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Class A-3 Notes
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$
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-
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$
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-
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Class A-4 Notes
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$
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-
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$
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-
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Total Class A interest:
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$
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-
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$
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-
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0.00
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3. First Priority Principal Distribution:
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$
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-
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$
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-
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0.00
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4. Class B Noteholders Interest:
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$
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-
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$
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-
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0.00
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5. Second Priority Principal Distribution:
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$
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-
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$
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-
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0.00
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6. Class C Noteholders Interest:
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$
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42,639.86
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$
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42,639.86
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42,639.86
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Available Funds Remaining:
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$
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7,128,510.15
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7. Regular Principal Distribution Amount:
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6,810,565.02
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Distributable Amount
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Paid Amount
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Class A-1 Notes
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$
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-
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Class A-2 Notes
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$
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-
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Class A-3 Notes
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$
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-
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Class A-4 Notes
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$
|
-
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Class A Notes Total:
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$
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-
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$
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-
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Class B Notes Total:
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$
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-
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$
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-
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Class C Notes Total:
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$
|
6,810,565.02
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$
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6,810,565.02
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Total Noteholders Principal
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$
|
6,810,565.02
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$
|
6,810,565.02
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8. Required Deposit to Reserve Account
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0.00
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9. Trustee Expenses and Asset Representations Reviewer Expenses
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|
0.00
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10. Remaining Available Collections Released to Certificateholder
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|
|
317,945.13
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V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
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|
Beginning Period Required Amount
|
|
$
|
248,893.03
|
|
Beginning Period Amount
|
|
$
|
248,893.03
|
|
Current Period Amortization
|
|
$
|
33,988.25
|
|
Ending Period Required Amount
|
|
$
|
214,904.78
|
|
Ending Period Amount
|
|
$
|
214,904.78
|
|
Next Distribution Date Required Amount
|
|
$
|
184,193.85
|
|
VI. RESERVE ACCOUNT
|
|
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|
|
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Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
1.00
|
%
|
Beginning Period Required Amount
|
|
|
$
|
11,853,251.33
|
|
Beginning Period Amount
|
|
|
$
|
11,853,251.33
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
Ending Period Required Amount (1.00% of APB of cut-off date)
|
|
|
$
|
11,853,251.33
|
|
Ending Period Amount
|
|
|
$
|
11,853,251.33
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
35,559,754.00
|
|
|
$
|
35,559,754.00
|
|
|
$
|
35,559,754.00
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
3.00
|
%
|
|
3.00
|
%
|
|
3.00
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
52.65
|
%
|
|
58.55
|
%
|
|
58.55
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
96.98
|
%
|
|
12,324
|
|
|
|
94.85
|
%
|
$
|
57,806,944.26
|
|
30 - 60 Days
|
|
|
2.23
|
%
|
|
284
|
|
|
|
3.73
|
%
|
$
|
2,272,027.22
|
|
61 - 90 Days
|
|
|
0.65
|
%
|
|
82
|
|
|
|
1.21
|
%
|
$
|
736,350.23
|
|
91-120 Days
|
|
|
0.13
|
%
|
|
16
|
|
|
|
0.20
|
%
|
$
|
118,911.92
|
|
121 + Days
|
|
|
0.02
|
%
|
|
2
|
|
|
|
0.02
|
%
|
$
|
9,756.40
|
|
Total
|
|
|
12,708
|
|
|
|
|
|
|
$
|
60,943,990.03
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
3.02
|
%
|
|
384
|
|
|
|
5.15
|
%
|
$
|
3,137,045.77
|
|
1st Preceding Collection Period
|
|
|
2.65
|
%
|
|
359
|
|
|
|
4.55
|
%
|
$
|
3,082,635.69
|
|
2nd Preceding Collection Period
|
|
|
2.38
|
%
|
|
339
|
|
|
|
4.01
|
%
|
$
|
2,997,564.59
|
|
3rd Preceding Collection Period
|
|
|
2.37
|
%
|
|
353
|
|
|
|
3.78
|
%
|
$
|
3,128,502.88
|
|
Four-Month Average
|
|
|
2.60
|
%
|
|
|
|
|
|
|
4.37
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
1.42
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
12
|
|
|
|
|
|
|
$
|
128,935.97
|
|
Repossession Inventory
|
|
|
29
|
|
|
|
|
|
|
$
|
328,265.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
103,316.66
|
|
Recoveries
|
|
|
$
|
(161,775.87
|
)
|
Net Loss
|
|
|
$
|
(58,459.21
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
-1.03
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
64,366,266.67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
-1.09
|
%
|
1st Preceding Collection Period
|
|
|
|
-0.77
|
%
|
2nd Preceding Collection Period
|
|
|
|
0.75
|
%
|
3rd Preceding Collection Period
|
|
|
|
-0.48
|
%
|
Four-Month Average
|
|
|
|
-0.40
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
11
|
|
|
|
1,681
|
|
|
$
|
23,610,457.08
|
|
Recoveries
|
|
|
13
|
|
|
|
1,382
|
|
|
$
|
(14,362,260.94
|
)
|
Net Loss
|
|
|
$
|
9,248,196.14
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.77
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
3
|
|
|
|
1,284
|
|
|
$
|
9,286,008.22
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
7,232.09
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
491,049.27
|
|
Number of Extensions
|
|
|
|
53
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.
|