UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————

FORM 10-K ——————

FORM 10-K

——————

(Mark One)

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2013~~2014

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________________________ to ___________________________

Commission File Number of Issuing Entity 333-144832-05

Hyundai Auto Receivables Trust 2010-B

(Exact Name of Issuing Entity as Specified in its Charter)

Commission File Number of Depositor 333-144832

Hyundai ABS Funding Corporation

(Exact Name of Depositor as Specified in its Charter)

Hyundai Capital America

(Exact Name of Sponsor as Specified in its Charter)

Delaware	33-0978453
(State or Other Jurisdiction of Incorporation of the Registrant)	(I.R.S. Employer Identification No. of the Registrant)

c/o 3161 Michelson Drive, Irvine, California	92612
(Address of Principal Executive Offices of Registrant)	(Zip Code of Registrant)

(949) 732-2697 (Registrant’s telephone number including area code)

(Registrant’s telephone number including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Name of each exchange on which registered
None		None

Securities registered pursuant to Section 12(g) of the Act: None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ¨ Yes x No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ¨ Yes x No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes ¨ No

Indicate by check mark whether the registrant (1) has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ¨ Yes ¨ No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer x	Smaller reporting company ¨

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ¨ Yes x No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. Not applicable.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. Not applicable.

Documents incorporated by reference

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). None.

PART I

THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10−K:

(A)

Item 1. Business

(B)

Item 1A. Risk Factors

(C)

Item 2. Properties

(D)

Item 3. Legal Proceedings

(E)

Item 4. Mine Safety Disclosures

Item 1B. Unresolved Staff Comments

None.

PART II

THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10−K.

(A) Item 5. Market for Registrant’s Common Equity, ~~and~~ Related Stockholder Matters and Issuer Purchases of Equity Securities.

(B)

Item 6. Selected Financial Data.

(C)

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

(D)

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

(E)

Item 8. Financial Statements and Supplementary Data.

(F)

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

(G)

Item 9A. Controls and Procedures.

Item 9B.

Other Information.

None.

PART III

THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10−K.

(A) Item 10. Directors, ~~and~~ Executive Officers and Corporate Governance.

(B)

Item 11. Executive Compensation.

(C)

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

(D)

Item 13. Certain Relationships and Related Transactions, and Director Independence.

(E)

Item 14. Principal Accounting Fees and Services.

SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2) TO FORM 10-K:

Item 1112(b) of Regulation AB. Significant obligors of pool assets (Financial Information):

Not applicable.

Item 1114(b)(2) of Regulation AB. Credit ~~Enhancement~~ Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).

Not applicable.

Item 1115(b) of Regulation AB. Certain ~~Derivatives~~ Derivatives Instruments (Financial Information).

Not applicable.

Item 1117 of Regulation AB. Legal Proceedings.

NoOn ~~legal~~June ~~proceedings~~18, ~~are~~2014, ~~pending~~a orgroup ~~known~~of institutional investors filed a civil complaint in the Supreme Court of the State of New York, New York County, against Wells Fargo Bank, National Association, in its capacity as trustee under 276 residential mortgage backed securities (“RMBS”) trusts, which was later amended on July 18, 2014, to beincrease the number of trusts to 284 RMBS trusts. On November 24, 2014, the plaintiffs filed ~~contemplated~~a bymotion ~~governmental~~to ~~authorities~~voluntarily ~~against~~dismiss ~~any~~the state court action without prejudice. That same day, a group of ~~Hyundai~~institutional ~~Capital~~investors ~~America~~filed a (civil complaint in the United States District Court for the Southern District of New York against Wells Fargo Bank, National Association, alleging claims against the bank in its capacity as trustee for 274 residential mortgage backed securities (“~~Sponsor~~RMBS”) trusts ~~and~~(the “~~Servicer~~Complaint”). In December 2014, the plaintiffs’ motion to voluntarily dismiss their original state ~~Hyundai~~court ~~ABS~~action ~~Funding~~was ~~Corporation~~granted. (As with the ~~“Depositor”)~~prior state court action, the Complaint is one of six similar complaints filed contemporaneously against RMBS trustees (Deutsche Bank, Citibank, HSBC, Bank of New York Mellon and US Bank) by a group of institutional investor plaintiffs. The Complaint against Wells Fargo Bank, National Association (alleges that the ~~“Indenture~~trustee ~~Trustee”)~~caused losses to investors and orasserts ~~Hyundai~~causes ~~Auto~~of ~~Receivables~~action ~~Trust~~based ~~2010-B~~upon, (among other things, the ~~“Issuing~~trustee's ~~Entity”~~alleged failure to (i) enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties, or(ii) notify investors of ~~which~~alleged ~~any~~events ~~property~~of default purportedly caused by breaches by mortgage loan servicers, and (iii) abide by appropriate standards of ~~the~~care ~~foregoing~~following isalleged events ~~the~~of ~~subject~~default. Relief sought includes money damages in an unspecified amount, reimbursement of expenses, and equitable relief. ~~that~~Other ~~are~~cases ~~material~~alleging tosimilar ~~holders~~causes of ~~the~~action ~~asset-backed~~have ~~notes~~been orfiled ~~the~~against ~~certificates.~~Wells Fargo Bank, National Association and other trustees by RMBS investors in these and other transactions.

~~Item~~There ~~1119~~can be no assurances as to the outcome of ~~Regulation~~the ABlitigation, or the possible impact of the litigation on the trustee or the RMBS trusts. ~~Affiliations~~However, Wells Fargo Bank, National Association denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its ~~Certain~~actions ~~Relationships~~were not the cause of any losses to investors, and ~~Related~~that ~~Transactions~~it has meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.

~~Information~~No other legal proceedings are pending, and no legal proceedings are known to be contemplated by ~~Item~~governmental ~~1119~~authorities, against any of ~~Regulation~~Hyundai Capital America (the “Sponsor” ABand ~~has~~“Servicer”), ~~been~~Hyundai ~~omitted~~ABS ~~from~~Funding ~~this~~Corporation ~~report~~(the on“Depositor”), ~~Form~~Wells 10Fargo Bank, National Association (the “Indenture Trustee”) or Hyundai Auto Receivables Trust 2010-KB in(the ~~reliance~~“Issuing onEntity”), ~~Instruction~~or toof ~~Item~~which any ~~1119~~property of ~~Regulation~~the ABforegoing is the subject, that are material to holders of the asset-backed notes or the certificates.

Item ~~1122~~1119 of Regulation AB. ~~Compliance with~~Affiliations ~~Applicable~~and ~~Servicing~~Certain ~~Criteria~~Relationships and Related Transactions.

~~The~~Information ~~Servicer~~contemplated ~~and the Indenture Trustee (together, the “Servicing Parties”) have each been identified~~ by ~~the~~Item ~~registrant~~1119 ~~as parties participating in~~of ~~the~~Regulation ~~servicing~~AB ~~function~~has ~~with~~been ~~respect~~omitted tofrom ~~the~~this ~~asset pool held by the Issuing Entity. Each of the Servicing Parties has completed a~~ report on ~~an assessment of compliance with the servicing criteria applicable to it (each, a “Servicing Report”), which Servicing Reports are attached as exhibits to this~~ Form 10-K. Inin ~~addition,~~reliance ~~each~~on ofInstruction the Servicer and the Indenture Trustee has provided an attestation report (each, an "Attestation Report") by one or more independent registered public accounting firms, which reports are also attached as exhibits to ~~this~~Item ~~Form~~1119 ~~10-K. None~~ of ~~the~~Regulation Servicing Reports prepared by any of the Servicing Parties, and none of the related Attestation Reports, has identified any material instance of noncompliance with the servicing criteria applicable to the respective Servicing PartyAB.

Item ~~1123~~1122 of Regulation AB. ~~Servicer~~ Compliance ~~Statement.~~with Applicable Servicing Criteria

The Servicer ~~has~~and the Indenture Trustee (together, the “Servicing Parties”) have each been identified by the registrant as aparties ~~servicer~~participating in the servicing function with respect to the asset pool held by the Issuing Entity. Each ~~The~~of ~~Servicer~~the Servicing Parties has completed a ~~statement~~report on an assessment of compliance with ~~applicable~~ the servicing ~~agreement~~criteria applicable to it (each, a “~~Compliance~~Servicing ~~Statement~~Report”), which ~~signed~~Servicing byReports anare ~~authorized~~attached ~~officer~~as exhibits to this Form 10-K. In addition, each of the Servicer. ~~The~~and ~~Compliance~~the Indenture Trustee ~~Statement~~has isprovided ~~attached~~an asattestation report (each, an ~~exhibit~~"Attestation Report") by one or more independent registered public accounting firms, which reports are also attached as exhibits to this Form 10-K. None of the Servicing Reports prepared by any of the Servicing Parties, and none of the related Attestation Reports, has identified any material instance of noncompliance with the servicing criteria applicable to the respective Servicing Party.

~~Supplemental information~~Item to1123 ~~be furnished with Reports Filed Pursuant to Section 15(d)~~ of ~~the Act~~Regulation byAB. ~~Registrants~~Servicer ~~which have not~~Compliance ~~Registered Securities Pursuant to Section 12 of the Act~~Statement.

NoThe ~~annual~~Servicer ~~report,~~has ~~proxy~~been ~~statement,~~identified ~~form~~by ofthe ~~proxy~~registrant oras ~~other~~a ~~proxy~~servicer ~~soliciting~~with ~~material~~respect ~~has~~to ~~been~~the ~~sent~~asset topool held by the ~~registrant’s~~Issuing ~~securityholders,~~Entity. ~~and~~The ~~the~~Servicer ~~registrant~~has ~~does~~completed ~~not~~a ~~presently~~statement of compliance ~~contemplate~~with ~~sending~~applicable ~~any~~servicing ~~such~~agreement ~~materials~~(a ~~subsequent~~“Compliance toStatement”) ~~the~~signed ~~filing~~by an authorized officer of the Servicer. The Compliance Statement is attached as an exhibit to this ~~report~~Form 10-K.

PART IV

Item 15. Exhibits, Financial Statement Schedules.

(a) List of Documents Filed as Part of this Report

(1) Not applicable.

(2) Not applicable.

(3) The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.

(b) The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.

Supplemental information to be furnished with Reports Filed
Pursuant to Section 15(d) of the Act by Registrants which have not
Registered Securities Pursuant to Section 12 of the Act.

No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to the registrant’s securityholders, and the registrant does not presently contemplate sending any such materials subsequent to the filing of this report.

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 28, 2014	HYUNDAI ABS FUNDING CORPORATION
Dated: March 24, 2015	HYUNDAI ABS FUNDING CORPORATION
	By:	/s/ Min Sok Randy Park
		Name: Min Sok Randy Park
		Title: President and Secretary
		(senior officer in charge of securitization of the depositor)

EXHIBIT INDEX

The following exhibits are filed as part of this annual report or, where indicated, were heretofore filed and are hereby incorporated by reference.

Exhibit No.
3.1		Certificate of Incorporation of Hyundai ABS Funding Corporation (incorporated by reference to Exhibit 3.1 to Amendment No. 1 to the Form S-3 of Hyundai ABS Funding Corporation, filed with the Securities and Exchange Commission on December 14, 2012, File No. 333-185213)
3.2		Bylaws of Hyundai ABS Funding Corporation (incorporated by reference to Exhibit 3.2 to Amendment No. 1 to the Form S-3 of Hyundai ABS Funding Corporation, filed with the Securities and Exchange Commission on December 14, 2012, File No. 333-185213)
4.1		Amended and Restated Trust Agreement, dated as of August 26, 2010, by and between Hyundai ABS Funding Corporation, as depositor, Wilmington Trust Company, as owner trustee, and Hyundai Capital America, as administrator (incorporated by reference to Exhibit 4.1 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)
4.2		Indenture, dated as of August 26, 2010, by and between the Issuing Entity and the Indenture Trustee (incorporated by reference to Exhibit 4.2 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)
10.1		Receivables Purchase Agreement, dated as of August 26, 2010, by and between Hyundai Capital America, as seller, and Hyundai ABS Funding Corporation, as depositor (incorporated by reference to Exhibit 10.1 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)
10.2		Sale and Servicing Agreement, dated as of August 26, 2010, by and among the Issuing Entity, as issuer, Hyundai ABS Funding Corporation, as depositor, Hyundai Capital America, as seller and servicer, and the Indenture Trustee (incorporated by reference to Exhibit 10.2 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)
10.3		Owner Trust Administration Agreement, dated as of August 26, 2010, by and among the Issuing Entity, as issuer, Hyundai Capital America, as administrator, and the Indenture Trustee (incorporated by reference to Exhibit 10.3 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)
31.1		Certification of senior officer in charge of securitization of the depositor pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
33.1		Management’s Assessment on Compliance with Regulation AB Criteria (Hyundai Capital America)
33.2		Assessment of Compliance with the Applicable Servicing Criteria (Wells Fargo Bank, National Association)

34.1		Attestation Report of KPMG LLP on Management’s Assessment on Compliance with Regulation AB Criteria relating to Hyundai Capital America

34.2		Attestation Report of KPMG LLP on Assessment of Compliance with the Applicable Servicing Criteria relating to Wells Fargo Bank, National Association

35.1		Annual Servicer’s Compliance Certificate

Filing Compare · Hyundai Auto Receivables Trust 2010-B