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

FORM ABS-15G

ASSET-BACKED SECURITIZER REPORT
Pursuant to Section 15G of the
Securities Exchange Act of 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

¨Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period

_________________ to _________________

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1)  ¨

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i)  ¨

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii)  ¨

x Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Sierra Timeshare 2025-1 Receivables Funding LLC

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of depositor:    0001646474

Central Index Key Number of issuing entity (if applicable): 0002056802

Central Index Key Number of underwriter (if applicable): Not applicable

Joseph M. Hollingshead, President, (407) 626-5975
Name and telephone number, including area code,
of the person to contact in connection with this filing

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer.

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report, dated February 21, 2025, obtained by the depositor with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Sierra Deposit Company, LLC
(Depositor)
By:	/s/ Joseph M. Hollingshead
	Name: Joseph M. Hollingshead
	Title:   President

Date: March 3, 2025