Hyundai Auto Receivables Trust 2021-B
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Monthly Servicing Report
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Collection Period
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June 2024
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Distribution Date
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07/15/24
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Transaction Month
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36
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30/360 Days
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30
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Actual/360 Days
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28
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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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June 21, 2021
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Closing Date:
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July 28, 2021
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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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1,399,973,720.80
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58,939
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3.51
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%
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58.83
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Original Adj. Pool Balance:
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$
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1,372,280,085.73
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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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265,000,000.00
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18.929
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%
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0.13573
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%
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August 15, 2022
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Class A-2 Notes
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Fixed
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$
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437,000,000.00
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31.215
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%
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0.24000
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%
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May 15, 2024
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Class A-3 Notes
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Fixed
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$
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437,000,000.00
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31.215
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%
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0.38000
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%
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January 15, 2026
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Class A-4 Notes
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Fixed
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$
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133,100,000.00
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9.507
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%
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0.60000
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%
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February 16, 2027
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Class B Notes
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Fixed
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$
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24,700,000.00
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1.764
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%
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0.91000
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%
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February 16, 2027
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Class C Notes
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Fixed
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$
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41,170,000.00
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2.941
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%
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1.12000
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%
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February 15, 2028
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Total Securities
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$
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1,337,970,000.00
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95.571
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%
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Overcollateralization
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$
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34,310,085.73
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2.451
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%
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YSOA
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$
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27,693,635.07
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1.978
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%
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Total Original Pool Balance
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$
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1,399,973,720.80
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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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78,319,047.68
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0.1792198
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$
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60,508,320.65
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0.1384630
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$
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17,810,727.03
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Class A-4 Notes
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$
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133,100,000.00
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1.0000000
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$
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133,100,000.00
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1.0000000
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$
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-
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Class B Notes
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$
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24,700,000.00
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1.0000000
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$
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24,700,000.00
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1.0000000
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$
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-
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Class C Notes
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$
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41,170,000.00
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1.0000000
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$
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41,170,000.00
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1.0000000
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$
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-
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Total Securities
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$
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277,289,047.68
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0.2072461
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$
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259,478,320.65
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0.1939343
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$
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17,810,727.03
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Weighted Avg. Coupon (WAC)
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3.45
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%
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3.47
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%
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Weighted Avg. Remaining Maturity (WARM)
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26.22
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25.41
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Pool Receivables Balance
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$
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322,739,058.88
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$
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304,574,604.22
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Remaining Number of Receivables
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31,233
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30,634
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Adjusted Pool Balance
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$
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318,457,450.25
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$
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300,646,723.22
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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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17,897,958.48
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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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291,669.85
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Total Principal Collections
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$
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18,189,628.33
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Interest:
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Interest Collections
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$
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913,038.30
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Late Fees & Other Charges
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$
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34,521.55
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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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947,559.85
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Collection Account Interest
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$
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79,230.35
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Reserve Account Interest
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$
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14,674.06
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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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19,231,092.59
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IV. DISTRIBUTIONS
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Total Collections
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$
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19,231,092.59
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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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19,231,092.59
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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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268,949.22
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$
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-
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$
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268,949.22
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268,949.22
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Collection Account Interest
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$
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79,230.35
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Late Fees & Other Charges
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$
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34,521.55
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Total due to Servicer
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$
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382,701.12
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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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24,801.03
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$
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24,801.03
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Class A-4 Notes
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$
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66,550.00
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$
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66,550.00
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Total Class A interest:
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$
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91,351.03
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$
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91,351.03
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91,351.03
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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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18,730.83
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$
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18,730.83
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18,730.83
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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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38,425.33
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$
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38,425.33
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38,425.33
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Available Funds Remaining:
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$
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18,699,884.28
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7. Regular Principal Distribution Amount:
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17,810,727.03
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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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17,810,727.03
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Class A-4 Notes
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$
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-
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Class A Notes Total:
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$
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17,810,727.03
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$
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17,810,727.03
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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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$
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-
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$
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-
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Total Noteholders Principal
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$
|
17,810,727.03
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$
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17,810,727.03
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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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|
889,157.25
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V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
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Beginning Period Required Amount
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$
|
4,281,608.63
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Beginning Period Amount
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|
$
|
4,281,608.63
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Current Period Amortization
|
|
|
$
|
353,727.63
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Ending Period Required Amount
|
|
|
$
|
3,927,881.00
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Ending Period Amount
|
|
|
$
|
3,927,881.00
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Next Distribution Date Required Amount
|
|
|
$
|
3,591,463.00
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VI. RESERVE ACCOUNT
|
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Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.25
|
%
|
Beginning Period Required Amount
|
|
|
$
|
3,430,700.21
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Beginning Period Amount
|
|
|
$
|
3,430,700.21
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
Ending Period Required Amount (0.25% of APB of cut-off date)
|
|
|
$
|
3,430,700.21
|
|
Ending Period Amount
|
|
|
$
|
3,430,700.21
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
3.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
Overcollateralization Amount
|
|
|
$
|
41,168,402.57
|
|
|
$
|
41,168,402.57
|
|
|
$
|
41,168,402.57
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
3.00
|
%
|
|
3.00
|
%
|
|
3.00
|
%
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
12.93
|
%
|
|
13.69
|
%
|
|
13.69
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
Current
|
|
|
98.35
|
%
|
|
30,129
|
|
|
|
97.56
|
%
|
$
|
297,136,894.14
|
|
30 - 60 Days
|
|
|
1.30
|
%
|
|
397
|
|
|
|
1.92
|
%
|
$
|
5,855,447.46
|
|
61 - 90 Days
|
|
|
0.30
|
%
|
|
93
|
|
|
|
0.44
|
%
|
$
|
1,334,412.94
|
|
91-120 Days
|
|
|
0.05
|
%
|
|
15
|
|
|
|
0.08
|
%
|
$
|
247,849.68
|
|
121 + Days
|
|
|
0.00
|
%
|
|
0
|
|
|
|
0.00
|
%
|
$
|
-
|
|
Total
|
|
|
30,634
|
|
|
|
|
|
|
$
|
304,574,604.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
Current Period
|
|
|
1.65
|
%
|
|
505
|
|
|
|
2.44
|
%
|
$
|
7,437,710.08
|
|
1st Preceding Collection Period
|
|
|
1.53
|
%
|
|
477
|
|
|
|
2.22
|
%
|
$
|
7,173,696.29
|
|
2nd Preceding Collection Period
|
|
|
1.49
|
%
|
|
475
|
|
|
|
2.19
|
%
|
$
|
7,507,579.38
|
|
3rd Preceding Collection Period
|
|
|
1.48
|
%
|
|
483
|
|
|
|
2.11
|
%
|
$
|
7,655,513.05
|
|
Four-Month Average
|
|
|
1.54
|
%
|
|
|
|
|
|
|
2.24
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.52
|
%
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
19
|
|
|
|
|
|
|
$
|
301,307.00
|
|
Repossession Inventory
|
|
|
46
|
|
|
|
|
|
|
$
|
783,040.72
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
Gross Principal of Charge-Offs
|
|
|
$
|
266,496.18
|
|
Recoveries
|
|
|
$
|
(291,669.85
|
)
|
Net Loss
|
|
|
$
|
(25,173.67
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
-0.09
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
313,656,831.55
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
Current Period
|
|
|
|
-0.10
|
%
|
1st Preceding Collection Period
|
|
|
|
0.23
|
%
|
2nd Preceding Collection Period
|
|
|
|
0.63
|
%
|
3rd Preceding Collection Period
|
|
|
|
0.09
|
%
|
Four-Month Average
|
|
|
|
0.21
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
Gross Principal of Charge-Offs
|
|
|
19
|
|
|
|
1,324
|
|
|
$
|
24,235,405.14
|
|
Recoveries
|
|
|
28
|
|
|
|
1,034
|
|
|
$
|
(12,780,531.16
|
)
|
Net Loss
|
|
|
$
|
11,454,873.98
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.82
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
10
|
|
|
|
1,091
|
|
|
$
|
11,478,157.67
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
10,520.77
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
1,479,252.97
|
|
Number of Extensions
|
|
|
|
96
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* 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.
|