Registration Statement No. 333-205778
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM T-1
☒ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)
U.S. BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
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_________
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31-0841368
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(Jurisdiction of incorporation or
organization if not a U.S. national bank)
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(I.R.S. Employer Identification No.)
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800 Nicollet Mall
Minneapolis, Minnesota
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55402
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(Address of principal executive offices)
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(Zip Code)
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Julia Linian
U.S. Bank National Association
190 S. LaSalle Street, 7th Floor
Chicago, IL 60603
(312) 332-7539
(Name, address and telephone number of agent for service)
TOYOTA AUTO FINANCE RECEIVABLES LLC
(Depositor of the issuing entities described in the registration statement)
(Exact name of obligor as specified in its charter)
(Exact name of obligor as specified in its charter)
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Delaware
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95-4836519
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification No.)
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c/o Toyota Motor Credit Corporation
19001 South Western Avenue
Torrance, California 90501
(Address, including zip code, of obligors’ principal executive offices)
Asset-Backed Notes
(Title of the indenture securities)
FORM T-1
| Item 1. | GENERAL INFORMATION. Furnish the following information as to the Trustee. |
| a) | Name and address of each examining or supervising authority to which it is subject. |
Comptroller of the Currency
Washington, D.C.
| b) | Whether it is authorized to exercise corporate trust powers. |
Yes
| Item 2. | AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation. |
None
| Items 3-15 | Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee. |
| Item 16. | LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification. |
| 1. | A copy of the Articles of Association of the Trustee.* |
| 2. | A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2. |
| 3. | A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3. |
| 4. | A copy of the existing bylaws of the Trustee.** |
| 5. | A copy of each Indenture referred to in Item 4. Not applicable. |
| 6. | The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6. |
| 7. | Report of Condition of the Trustee as of June 30, 2016 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. |
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, State of Illinois on the 26th of September 2016.
By: /s/ Julia Linian
Julia Linian
Vice President
Exhibit 2
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Office of the Comptroller of the Currency
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Washington, DC 20219
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CERTIFICATION OF CORPORATE EXISTENCE
I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:
l. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation , and supervision of all national banking associations.
2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.
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IN TESTIMONY WHEREOF, today,
June 15, 2016, I have hereunto subscribed
my name and caused my seal of office to be
affixed to these presents al the U.S.
Department of the Treasury, in the City of
Washington, District of Columbia.
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Exhibit 3
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Office of the Comptroller of the Currency
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Washington, DC 20219
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CERTIFICATION OF FIDUCIARY POWERS
I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:
l. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation , and supervision of all national banking associations.
2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.
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IN TESTIMONY WHEREOF, today,
June 15, 2016, I have hereunto subscribed
my name and caused my seal of office to be
affixed to these presents al the U.S.
Department of the Treasury, in the City of
Washington, District of Columbia.
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Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
Dated: September 26, 2016
By: /s/ Julia Linian
Julia Linian
Vice President
Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2016
($000's)
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6/30/2016
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Assets
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Cash and Balances Due From
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$
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14,010,590
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Depository Institutions
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Securities
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108,246,267
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Federal Funds
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68,244
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Loans & Lease Financing Receivables
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268,104,901
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Fixed Assets
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5,866,910
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Intangible Assets
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12,591,165
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Other Assets
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24,574,630
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Total Assets
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$
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433,462,707
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Liabilities
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Deposits
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$
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327,848,275
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Fed Funds
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1,179,456
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Treasury Demand Notes
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0
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Trading Liabilities
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2,172,890
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Other Borrowed Money
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40,280,996
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Acceptances
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0
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Subordinated Notes and Debentures
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3,800,000
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Other Liabilities
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13,036,463
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Total Liabilities
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$
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388,318,080
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Equity
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Common and Preferred Stock
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18,200
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Surplus
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14,266,915
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Undivided Profits
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30,049,363
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Minority Interest in Subsidiaries
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810,149
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Total Equity Capital
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$
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45,144,627
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Total Liabilities and Equity Capital
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$
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433,462,707
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