WORLD OMNI AUTO RECEIVABLES LLC 8-K
Research Summary
AI-generated summary
World Omni Auto Receivables LLC Amends Servicing Agreement on Delinquencies
What Happened
- World Omni Auto Receivables LLC filed an 8-K on January 20, 2026 disclosing that, on January 13, 2026, an Omnibus Amendment to the Sale and Servicing Agreement (the “Omnibus SSA Amendment”) was executed. The amendment involves World Omni Select Auto Trust 2024‑A (issuing entity), World Omni Auto Receivables LLC (depositor), World Omni Financial Corp. (servicer), U.S. Bank National Association (account bank), and is acknowledged by U.S. Bank Trust Company, N.A. The original Sale and Servicing Agreement was dated July 24, 2024.
Key Details
- Amendment date: January 13, 2026; 8‑K filed January 20, 2026.
- Parties: World Omni Select Auto Trust 2024‑A, World Omni Auto Receivables LLC (depositor), World Omni Financial Corp. (servicer), U.S. Bank N.A. (account bank), acknowledged by U.S. Bank Trust Co., N.A. (indenture trustee).
- Purpose: Amends definitions of delinquent and defaulted receivables and the corresponding delinquency reporting obligations under the Sale and Servicing Agreement.
- Filing includes Exhibit 4.1 (the Omnibus Amendment).
Why It Matters
- The amendment changes how delinquent and defaulted auto loan receivables are defined and reported to the trust. That affects the official metrics investors use to monitor portfolio performance and credit quality for World Omni Select Auto Trust 2024‑A. The 8‑K does not disclose any dollar impact or other financial changes; it reports only the amendment to definitions and reporting obligations.
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