EX-25.2A 14 file013.txt STATEMENT OF ELIGIBILITY ------------------------------------------------------------------------------ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------- FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE 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) 31-0841368 I.R.S. Employer Identification No. 601 SECOND AVENUE SOUTH MINNEAPOLIS, MN 55402 (Address of principal executive offices) (Zip Code) Melissa A. Rosal U.S. Bank National Association 400 N. Michigan Avenue, 2nd Floor Chicago, Illinois 60611 Telephone (312) 836-6716 (Name, address and telephone number of agent for service) TOYOTA MOTOR CREDIT CORPORATION (Issuer with respect to the Securities) TOYOTA AUTO FINANCE RECEIVABLES LLC (Exact name of Registrant as specified in its charter) CALIFORNIA 95-3775816 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 19001 SOUTH WESTERN AVENUE TORRANCE, CA 90509 (Address of Principal Executive Offices) (Zip Code) DEMAND 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 The Trustee is a Trustee under other Indentures under which securities issued by the obligor are outstanding. There is not and there has not been a default with respect to the securities outstanding under other such Indentures. 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 now in effect, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 333-67188.* 2. A copy of the certificate of authority of the Trustee to commence business, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 333-67188.* 3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 333-67188.* 4. A copy of the existing bylaws of the Trustee, as now in effect, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 333-67188.* 5. Not applicable. 6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 333-67188.* 7. Report of Condition of the Trustee as of September 30, 2002, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. 8. Not applicable. 9. Not applicable. *Exhibits thus designated are incorporated herein by reference to Exhibits bearing identical numbers in Items 16 of the Form T-1 filed by the Trustee with the Securities and Exchange Commission with the specific references noted. 2 NOTE The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, State of Illinois on the 17th day of December, 2002. U.S. BANK NATIONAL ASSOCIATION By: /s/ Melissa A. Rosal -------------------- Melissa A. Rosal Vice President 3 EXHIBIT 7 U.S. BANK NATIONAL ASSOCIATION STATEMENT OF FINANCIAL CONDITION AS OF 9/30/2002 ($000'S) 9/30/2002 --------- ASSETS Cash and Due From Depository Institutions $8,809,794 Federal Reserve Stock 0 Securities 28,156,313 Federal Funds 975,986 Loans & Lease Financing Receivables 111,491,144 Fixed Assets 1,357,049 Intangible Assets 8,242,263 Other Assets 7,510,862 ------------ TOTAL ASSETS $166,543,411 LIABILITIES Deposits $112,901,360 Fed Funds 2,319,887 Treasury Demand Notes 0 Trading Liabilities 285,504 Other Borrowed Money 20,829,386 Acceptances 137,242 Subordinated Notes and Debentures 5,696,195 Other Liabilities 5,198,418 ------------ TOTAL LIABILITIES $147,367,992 EQUITY Minority Interest in Subsidiaries $990,010 Common and Preferred Stock 18,200 Surplus 11,312,077 Undivided Profits 6,855,132 ------------ TOTAL EQUITY CAPITAL $19,175,419 TOTAL LIABILITIES AND EQUITY CAPITAL $166,543,411 To the best of the undersigned's determination, as of the date hereof, the above financial information is true and correct. U.S. BANK NATIONAL ASSOCIATION By: /s/ Melissa A. Rosal -------------------- Vice President Date: December 17, 2002 4