10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

For the fiscal year ended December 31, 2021

or

☐ 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 the issuing entity: 333-220233-06

CIK number of issuing entity: 0001769174

GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2019-2

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

Commission File Number of depositor: 333-220233

CIK number of depositor: 0001347185

AFS SENSUB CORP.

(Exact name of depositor as specified in its charter)

Commission File Number of sponsor: 001-13329

CIK number of sponsor: 0001002761

AMERICREDIT FINANCIAL SERVICES, INC.

(Exact name of sponsor as specified in its charter)

Delaware	83-6734851
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

AmeriCredit Financial Services, Inc. (as originator)
801 Cherry Street, Suite 3500
Fort Worth, TX	76102
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (817) 302-7000

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

Yes ☒     No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒     No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☐
	Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).        Yes ☐        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 to this registrant.

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 to Form 10-K:

ITEM 1. BUSINESS

ITEM 1A. RISK FACTORS

ITEM 2. PROPERTIES

ITEM 3. LEGAL PROCEEDINGS

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

PART II

The following Items have been omitted in accordance with General Instruction J to Form 10-K:

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 6. [RESERVED]

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

ITEM 9A. CONTROLS AND PROCEDURES

ITEM 9B. OTHER INFORMATION

None.

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

None.

PART III

The following Items have been omitted in accordance with General Instruction J to Form 10-K:

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 11. EXECUTIVE COMPENSATION

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

PART IV

ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

(a)(1)	Not applicable
(2)	Not applicable
(3)	As reported under clause (b)

(b)

Exhibit Number	Description
Exhibit 4.1	Indenture, dated as of April 17, 2019, between GM Financial Consumer Automobile Receivables Trust 2019-2 and The Bank of New York Mellon, as Trustee and Trust Collateral Agent (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by GM Financial Consumer Automobile Receivables Trust 2019-2 (File No. 333-220233-06) with the SEC on April 19, 2019).
Exhibit 4.2	Amended and Restated Trust Agreement, dated as of April 17, 2019, between AFS SenSub Corp., as Seller, and Wilmington Trust Company, as Owner Trustee (incorporated by reference from Exhibit 4.2 of the Current Report on Form 8-K filed by GM Financial Consumer Automobile Receivables Trust 2019-2 (File No. 333-220233-06) with the SEC on April 19, 2019).
Exhibit 4.3	Sale and Servicing Agreement, dated as of April 17, 2019, among GM Financial Consumer Automobile Receivables Trust 2019-2, as Issuer, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Servicer, AFS SenSub Corp., as Seller, and The Bank of New York Mellon, as Trust Collateral Agent (incorporated by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by GM Financial Consumer Automobile Receivables Trust 2019-2 (File No. 333-220233-06) with the SEC on April 19, 2019).
Exhibit 10.1	Purchase Agreement, dated as of April 17, 2019, between AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Seller and AFS SenSub Corp., as Purchaser (incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by GM Financial Consumer Automobile Receivables Trust 2019-2 (File No. 333-220233-06) with the SEC on April 19, 2019).
Exhibit 10.6	Asset Representations Review Agreement, dated as of April 17, 2019, among GM Financial Consumer Automobile Receivables Trust 2019-2, AmeriCredit Financial Services, Inc., d/b/a GM Financial, and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from Exhibit 10.6 of the Current Report on Form 8-K filed by GM Financial Consumer Automobile Receivables Trust 2019-2 (File No. 333-220233-06) with the SEC on April 19, 2019).
Exhibit 31.1	Rule 13a-14(a)/15d-14(a) Certification (Section 302 Certification).
Exhibit 33.1	Management’s Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2021.
Exhibit 33.2	Assessment of Compliance with Applicable Servicing Criteria (The Bank of New York Mellon).
Exhibit 34.1	Report of Independent Registered Public Accounting Firm (Ernst & Young LLP).
Exhibit 34.2	Report of Independent Registered Public Accounting Firm (KPMG LLP).
Exhibit 35.1	Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

(c) Not applicable.

ITEM 16. FORM 10-K SUMMARY

None.

SUBSTITUTE INFORMATION INCLUDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:

ITEM 1112(b) OF REGULATION AB. SIGNIFICANT OBLIGORS OF POOL ASSETS (FINANCIAL INFORMATION)

There is no single obligor that represents more than 10% of the pool assets.

ITEM 1114(b)(2) OF REGULATION AB. CREDIT ENHANCEMENT AND OTHER SUPPORT, EXCEPT FOR CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

There is no external credit enhancement or other support provider that is liable to provide payments supporting any notes or certificates issued by the Issuing Entity.

ITEM 1115(b) OF REGULATION AB. CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

No entity provides any derivative instruments that are used to alter the payment characteristics of the cash flows from the Issuing Entity.

ITEM 1117 OF REGULATION AB. LEGAL PROCEEDINGS

The Sponsor and the Servicer

The sponsor is subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against the sponsor could take the form of class actions. The outcomes of these proceedings are inherently uncertain, and thus the sponsor cannot confidently predict how or when these proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm to the sponsor, and could materially and adversely affect the interest of the noteholders or the servicer’s ability to perform its duties under the transaction documents.

The Trustee and the Trust Collateral Agent

In the ordinary course of business, The Bank of New York Mellon is named as a defendant in legal actions. In connection with its role as trustee of certain residential mortgage-backed securitization, or RMBS, transactions, The Bank of New York Mellon has been named as a defendant in a number of legal actions brought by RMBS investors. These lawsuits allege that the trustee had expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims against other parties to the RMBS transactions. While it is inherently difficult to predict the eventual outcomes of pending actions, The Bank of New York Mellon denies liability and intends to defend the litigations vigorously.

ITEM 1119 OF REGULATION AB. AFFILIATIONS AND CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

ITEM 1122 OF REGULATION AB. COMPLIANCE WITH APPLICABLE SERVICING CRITERIA.

The following documents are filed as part of this report.

Exhibit Number	Description
Exhibit 33.1	Management’s Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2021.
Exhibit 33.2	Assessment of Compliance with Applicable Servicing Criteria (The Bank of New York Mellon).
Exhibit 34.1	Report of Independent Registered Public Accounting Firm (Ernst & Young LLP).
Exhibit 34.2	Report of Independent Registered Public Accounting Firm (KPMG LLP).

The Servicer has complied, in all material respects, with the Applicable Servicing Criteria.

ITEM 1123 OF REGULATION AB. SERVICER COMPLIANCE STATEMENT

The following documents are filed as part of this report.

Exhibit Number	Description
Exhibit 35.1	Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

SIGNATURES

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

By:	AFS SENSUB CORP.,
	as Depositor
By:	/s/ Susan B. Sheffield
	Name: Susan B. Sheffield
	Title: Executive Vice President and Chief Financial Officer
	Dated: March 4, 2022

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 certificateholders, and the registrant does not presently contemplate sending any such materials subsequent to the filing of this report.

EX-31.1

Exhibit 31.1

I, Susan B. Sheffield, certify that:

1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of GM Financial Consumer Automobile Receivables Trust 2019-2 (the “Exchange Act periodic reports”);

2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;

4. Based on my knowledge and the servicer compliance statement required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer has fulfilled its obligations under the servicing agreements in all material respects; and

5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: The Bank of New York Mellon.

By:	/s/ Susan B. Sheffield
Name:	Susan B. Sheffield
Title:	Executive Vice President and Chief Financial Officer
Date:	March 4, 2022

EX-33.1

Exhibit 33.1

Management’s Assertion Regarding Compliance with Applicable Servicing Criteria

1. AmeriCredit Financial Services, Inc. (“AFSI”) is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the year ended December 31, 2021 (the “Reporting Period”), as set forth in Appendix A hereto. The transactions covered by this report include publicly issued auto loan and auto lease asset-backed securities transactions for which we acted as servicer involving auto loans and auto leases (the “Platform”). The individual asset-backed transactions that we have defined as constituting the Platform are included in Appendix B.

2. AFSI has engaged vendors, which are not servicers as defined in Item 1101(j) of Regulation AB, to perform specific, limited or scripted activities (the “Vendors”), and AFSI elects to take responsibility for assessing compliance with the servicing criteria or portion of the servicing criteria applicable to each such Vendor’s activities as set forth in Appendix A hereto. AFSI has policies and procedures in place to provide reasonable assurance that each such Vendor’s activities comply in all material respects with the servicing criteria or portion of the servicing criteria applicable to each such Vendor.

3. Except as set forth in paragraph 4 below, AFSI used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to access compliance with the applicable servicing criteria.

4. The criteria listed in the column titled “Inapplicable Servicing Criteria” in Appendix A hereto are inapplicable to AFSI based on the activities it performs, directly or through its Vendors, with respect to the Platform.

5. AFSI has complied, in all material respects, with the criteria listed as applicable in the first two columns of Appendix A hereto (the “Applicable Servicing Criteria”) as of December 31, 2021 and for the Reporting Period with respect to the Platform taken as a whole.

6. AFSI has not identified and is not aware of any material instance of noncompliance by the Vendors with regard to the Applicable Servicing Criteria, as of December 31, 2021, and for the Reporting Period with respect to the Platform taken as a whole.

7. AFSI has not identified any material deficiencies in our policies and procedures to monitor the compliance by the Vendors with the Applicable Servicing Criteria, as of December 31, 2021, and for the Reporting Period with respect to the Platform taken as a whole.

8. Ernst & Young LLP, a registered public accounting firm has issued an attestation report with respect to our foregoing assessment of compliance as of and for the Reporting Period.

AmeriCredit Financial Services, Inc.
By:	/s/ Susan B. Sheffield
Name:	Susan B. Sheffield
Title:	Executive Vice President and Chief Financial Officer
Date:	March 4, 2022
By:	/s/ Connie Coffey
Name:	Connie Coffey
Title:	Executive Vice President, Corporate Controller and Chief Accounting Officer
Date:	March 4, 2022
By:	/s/ Ellen Billings
Name:	Ellen Billings
Title:	Senior Vice President and North America Controller
Date:	March 4, 2022
By:	/s/ Randal L. Willis
Name:	Randal L. Willis
Title:	Senior Vice President, Securitization and Conduit Reporting
Date:	March 4, 2022

	APPENDIX A	Applicable Servicing Criteria
Reference	Servicing Criteria	Performed Directly by AFSI	Performed by Vendors for which AFSI is the Responsible Party	Inapplicable Servicing Criteria
	General Servicing Considerations
1122(d)(1)(i)	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	XX
1122(d)(1)(ii)	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.	XX
1122(d)(1)(iii)	Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.			XX
1122(d)(1)(iv)	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.			XX
1122(d)(1)(v)	Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	XX
	Cash Collection and Administration
1122(d)(2)(i)	Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements.	XX	XX
1122(d)(2)(ii)	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	XX
1122(d)(2)(iii)	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.			XX
1122(d)(2)(iv)	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	XX
1122(d)(2)(v)	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of §240.13k-1(b)(1) of this chapter.	XX
1122(d)(2)(vi)	Unissued checks are safeguarded so as to prevent unauthorized access.			XX
1122(d)(2)(vii)	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations: (A) are mathematically accurate; (B) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	XX

	APPENDIX A	Applicable Servicing Criteria
Reference	Servicing Criteria	Performed Directly by AFSI	Performed by Vendors for which AFSI is the Responsible Party	Inapplicable Servicing Criteria
	Investor Remittances and Reporting
1122(d)(3)(i)	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with the timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with the investors’ or trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.	XX
1122(d)(3)(ii)	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	XX
1122(d)(3)(iii)	Disbursements made to an investor are posted within two business days to the servicer’s investor records, or such other number of days specified in the transaction agreements.	XX
1122(d)(3)(iv)	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	XX
	Pool Asset Administration
1122(d)(4)(i)	Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.	XX	XX
1122(d)(4)(ii)	Pool assets and related documents are safeguarded as required by the transaction agreements.	XX	XX
1122(d)(4)(iii)	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	XX
1122(d)(4)(iv)	Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents.	XX	XX
1122(d)(4)(v)	The servicer’s records regarding the pool assets agree with the servicer’s records with respect to an obligor’s unpaid principal balance.	XX
1122(d)(4)(vi)	Changes with respect to the terms or status of an obligor’s pool asset (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	XX
1122(d)(4)(vii)	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	XX
1122(d)(4)(viii)	Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	XX
1122(d)(4)(ix)	Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.			XX

	APPENDIX A	Applicable Servicing Criteria
Reference	Servicing Criteria	Performed Directly by AFSI	Performed by Vendors for which AFSI is the Responsible Party	Inapplicable Servicing Criteria
1122(d)(4)(x)	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with the applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days specified in the transaction agreements.			XX
1122(d)(4)(xi)	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.			XX
1122(d)(4)(xii)	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.			XX
1122(d)(4)(xiii)	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.			XX
1122(d)(4)(xiv)	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	XX
1122(d)(4)(xv)	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of this Regulation AB, is maintained as set forth in the transaction agreements.			XX

Appendix B: Asset Backed Transactions constituting the Platform

	Trustee	Securitization
1.	Citibank	AmeriCredit Automobile Receivables Trust 2016-3
2.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2016-4
3.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2017-1
4.	Citibank	AmeriCredit Automobile Receivables Trust 2017-2
5.	Citibank	AmeriCredit Automobile Receivables Trust 2017-3
6.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2017-4
7.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2018-1
8.	Citibank	AmeriCredit Automobile Receivables Trust 2018-2
9.	Citibank	AmeriCredit Automobile Receivables Trust 2018-3
10.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2019-1
11.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2019-2
12.	Citibank	AmeriCredit Automobile Receivables Trust 2019-3
13.	Citibank	AmeriCredit Automobile Receivables Trust 2020-1
14.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2020-2
15.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2020-3
16.	Citibank	AmeriCredit Automobile Receivables Trust 2021-1
17.	Citibank	AmeriCredit Automobile Receivables Trust 2021-2
18.	Bank of New York Mellon	AmeriCredit Automobile Receivables Trust 2021-3
19.	Wells Fargo Bank	GM Financial Consumer Automobile Receivables Trust 2018-1
20.	Wells Fargo Bank	GM Financial Consumer Automobile Receivables Trust 2018-2
21.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2018-3
22.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2018-4
23.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2019-1
24.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2019-2
25.	Wells Fargo Bank	GM Financial Consumer Automobile Receivables Trust 2019-3
26.	Wells Fargo Bank	GM Financial Consumer Automobile Receivables Trust 2019-4
27.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2020-1
28.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2020-2
29.	Wells Fargo Bank	GM Financial Consumer Automobile Receivables Trust 2020-3
30.	Wells Fargo Bank	GM Financial Consumer Automobile Receivables Trust 2020-4
31.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2021-1
32.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2021-2
33.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2021-3
34.	Bank of New York Mellon	GM Financial Consumer Automobile Receivables Trust 2021-4
35.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2018-3
36.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2019-1
37.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2019-2
38.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2019-3
39.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2020-1
40.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2020-2
41.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2020-3
42.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2021-1
43.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2021-2
44.	Wells Fargo Bank	GM Financial Automobile Leasing Trust 2021-3

EX-33.2

Exhibit 33.2

February 28, 2022

KPMG LLP

200 East Randolph Dr. Suite 5500

Chicago, IL 60601

Ladies and Gentlemen:

In connection with your engagement to examine The Bank of New York Mellon’s (formerly The Bank of New York), BNY Mellon Trust of Delaware’s (formerly BNYM (Delaware)) and The Bank of New York Mellon Trust Company, N.A.’s (formerly The Bank of New York Trust Company, N.A.), (collectively, the Company) assertion of compliance, included in Management’s Assessment of Compliance with Applicable Servicing Criteria, with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB (Servicing Criteria) for the publicly-issued (i.e., transaction-level reporting initially required under the Securities and Exchange Act of 1934, as amended) asset-backed securities issued on or after January 1, 2006 and like-kind transactions issued prior to January 1, 2006 that are subject to Regulation AB (including transactions subject to Regulation AB by contractual obligation) for which the Company provides trustee, securities administration, paying agent or custodial services, as defined and to the extent applicable in the transaction agreements, other than residential mortgage-backed securities and other mortgage-related asset-backed securities (the Platform), as of and for the twelve months ended December 31, 2021, we confirm, to the best of our knowledge and belief, as of February 28, 2022 the following representations made to you during your examination engagement:

1. As of and for the twelve months ended December 31, 2021, the Company has complied in all material respects with the applicable servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB, except for Servicing Criteria 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(1)(v), 1122(d)(2)(iii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform as of and for the twelve months ended December 31, 2021 (the Applicable Servicing Criteria) for the Platform. The Company is under contract to perform the activities required by servicing criterion 1122(d)(4)(iii), but there were no occurrences of events that required the Company to perform such activities as of and for the twelve months ended December 31, 2021.

Appendix A to this letter identifies the individual asset-backed transactions and securities defined by management as constituting the Platform.

2. All relevant matters are reflected in our assessment of compliance and assertion of compliance with the Applicable Servicing Criteria for the Platform.

3. All known matters contradicting our compliance or assertion of compliance with the Applicable Servicing Criteria for the Platform and any communication from regulatory agencies, internal auditors, other practitioners or others affecting our compliance or assertion of compliance with the Applicable Servicing Criteria for the Platform have been disclosed to you, including communications received between the end of the period addressed in the written assertion of compliance and the date of the examination report.

February 28, 2022

Page 2 of 13

4. We acknowledge our responsibility for:

a. Our compliance and assertion of compliance with the Applicable Servicing Criteria for the Platform;

b. Selecting the Applicable Servicing Criteria and determining the Platform used in our assessment of compliance with the Applicable Servicing Criteria, including the individual asset-backed transactions and securities defined by management as constituting the Platform;

c. Determining that Applicable Servicing Criteria and the Platform used in our assessment of compliance with the Applicable Servicing Criteria are appropriate for our purposes; and

d. Establishing and maintaining effective internal control over compliance with the Applicable Servicing Criteria for the Platform.

5. We have performed an assessment of the Company’s compliance with the Applicable Servicing Criteria for the Platform.

6. Any known events subsequent to the period in our assertion of compliance with the Applicable Servicing Criteria for the Platform being reported on that would have a material effect on our compliance or assertion of compliance with the Applicable Servicing Criteria for the Platform have been disclosed to you.

7. We have provided you with all relevant information and access related to our compliance and assertion of compliance with the Applicable Servicing Criteria for the Platform.

8. We have disclosed to you all known noncompliance with the Applicable Servicing Criteria for the Platform. In addition, we have disclosed to you any known noncompliance occurring subsequent to December 31, 2021 up to and including the date of the examination report.

9. We believe the effects of instances of noncompliance considered not to be material instances of noncompliance are immaterial, individually and in the aggregate, to our compliance and assertion of compliance with Applicable Servicing Criteria for the Platform, if applicable.

10. We have disclosed to you all deficiencies in internal control over compliance of which we are aware.

11. There have been no instances of any actual, suspected, or alleged fraud or noncompliance with laws or regulations affecting our compliance or assertion of compliance with the Applicable Servicing Criteria for the Platform.

12. With respect to criterion 1122(d)(4)(i), for certain transactions in the Platform the Trustor (as such term is defined in the related transaction agreements) may direct the Trustee (as such term is defined in the related transaction agreements) to file, or cause to be filed, all filings identified by the Trustor to be necessary to maintain the effectiveness of any original filings identified by the Trustor to be necessary under the Uniform Commercial Code as in effect in any jurisdiction to perfect the Trustee’s security interest in or lien on the Underlying Securities (as such term is defined in the related transaction agreements). As of and for the twelve months ended December 31, 2021, the Company was not instructed by any Trustors to perform such activities. Absent the receipt of instruction from a Trustor to perform such activities, the Company’s responsibility for criterion 1122(d)(4)(i) for the Platform is solely with regard to the manner of holding trust assets and investment of trust assets in eligible investments and the Company does not have any duties as to the original UCC filing and any continuations to perfect the security interest unless instructed to do so by other parties in the transaction agreement.

February 28, 2022

Page 3 of 13

13. With respect to Applicable Servicing Criterion 1122(d)(2)(vi), we have assumed responsibility for the activities of Broadridge Financial Solutions, Inc. In assuming this responsibility, we confirm that:

a. Broadridge Financial Solutions Inc. is not a “servicer” as defined in Item 1101(j) of Regulation AB.

b. We are responsible for having, and have, policies and procedures in place designed to provide reasonable assurance that Broadridge Financial Solutions Inc.’s activities comply in all material respects with the Applicable Servicing Criterion applicable to Broadridge Financial Solutions, Inc. and for the operating effectiveness of those policies and procedures.

c. We are solely responsible for determining that we meet the SEC requirements to apply the SEC’s Compliance and Disclosure Interpretation, 200.06, Vendors Engaged by Servicers (C&DI 200.06) for Broadridge Financial Solutions Inc. and related Applicable Servicing Criterion as described above.

d. We have performed an assessment of our policies and procedures in place designed to provide reasonable assurance that Broadridge Financial Solutions Inc.’s activities comply in all material respects with the Applicable Servicing Criterion applicable to Broadridge Financial Solutions Inc., including the operating effectiveness of those policies and procedures.

e. We have disclosed to you any material noncompliance by Broadridge Financial Solutions Inc. with the Applicable Servicing Criterion applicable to Broadridge Financial Solutions Inc. that we identified or about which we are aware.

f. We have disclosed all material deficiencies in our policies and procedures in place designed to provide reasonable assurance that Broadridge Financial Solutions Inc.’s activities comply in all material respects with the Applicable Servicing Criterion applicable to Broadridge Financial Solutions Inc. during the twelve months ended December 31, 2021.

February 28, 2022

Page 4 of 13

Very truly yours,

The Bank of New York Mellon	BNY Mellon Trust of Delaware
/s/ Carlos Lima	/s/ William D. Lindelof
Carlos Lima	William D. Lindelof
Authorized Signatory	Authorized Signatory

The Bank of New York Mellon Trust

Company, N.A.

/s/ Antonio I. Portuondo

Antonio I. Portuondo

Authorized Signatory

February 28, 2022

Page 5 of 13

Appendix A

Asset-backed Transactions and Securities Constituting the Platform

Ally Auto Receivable Trust 2017-4

Ally Auto Receivable Trust 2017-5

Ally Auto Receivables Trust 2017-3

Ally Auto Receivables Trust 2018-1

Ally Auto Receivables Trust 2018-2

Ally Auto Receivables Trust 2018-3

Ally Auto Receivables Trust 2019-1

Ally Auto Receivables Trust 2019-2

Ally Auto Receivables Trust 2019-3

Ally Auto Receivables Trust 2019-4

American Express Credit Account Master Trust 2017-2  Class A

American Express Credit Account Master Trust 2017-2  Class B

American Express Credit Account Master Trust 2017-5  Class A

American Express Credit Account Master Trust 2017-5  Class B

American Express Credit Account Master Trust 2017-7  Class A

American Express Credit Account Master Trust 2017-7  Class B

American Express Credit Account Master Trust 2018-2 Class A

American Express Credit Account Master Trust 2018-2 Class B

American Express Credit Account Master Trust 2018-3 Class A

American Express Credit Account Master Trust 2018-3 Class B

American Express Credit Account Master Trust 2018-4 Class A

American Express Credit Account Master Trust 2018-4 Class B

American Express Credit Account Master Trust 2018-5 Class A

American Express Credit Account Master Trust 2018-5 Class B

American Express Credit Account Master Trust 2018-6 Class A

American Express Credit Account Master Trust 2018-6 Class B

American Express Credit Account Master Trust 2018-7 Class A

American Express Credit Account Master Trust 2018-7 Class B

American Express Credit Account Master Trust 2018-8 Class A

American Express Credit Account Master Trust 2018-8 Class B

American Express Credit Account Master Trust 2018-9 Class A

American Express Credit Account Master Trust 2018-9 Class B

American Express Credit Account Master Trust 2019-1 Class A

American Express Credit Account Master Trust 2019-1 Class B

American Express Credit Account Master Trust 2019-2 Class A

American Express Credit Account Master Trust 2019-2 Class B

February 28, 2022

Page 6 of 13

American Express Credit Account Master Trust 2019-3 Class A

American Express Credit Account Master Trust 2019-3 Class B

American Express Credit Account Master Trust 2019-4 Class A

American Express Credit Account Master Trust 2019-4 Class B

American Express Credit Account Master Trust 2021-1 Class A

American Express Credit Account Master Trust 2021-1 Class B

AmeriCredit Automobile Receivables Trust 2016-4, Class C

AmeriCredit Automobile Receivables Trust 2016-4, Class D

AmeriCredit Automobile Receivables Trust 2017-1  Class  C

AmeriCredit Automobile Receivables Trust 2017-1  Class  D

AmeriCredit Automobile Receivables Trust 2017-4  Class  B

AmeriCredit Automobile Receivables Trust 2017-4  Class  C

AmeriCredit Automobile Receivables Trust 2017-4  Class  D

AmeriCredit Automobile Receivables Trust 2018-1 Class  B

AmeriCredit Automobile Receivables Trust 2018-1 Class  C

AmeriCredit Automobile Receivables Trust 2018-1 Class  D

AmeriCredit Automobile Receivables Trust 2018-1 Class A3

AmeriCredit Automobile Receivables Trust 2019-1  Class  B

AmeriCredit Automobile Receivables Trust 2019-1  Class  C

AmeriCredit Automobile Receivables Trust 2019-1  Class  D

AmeriCredit Automobile Receivables Trust 2019-1  Class A3

AmeriCredit Automobile Receivables Trust 2019-2 Class A2a

AmeriCredit Automobile Receivables Trust 2019-2 Class A2b

AmeriCredit Automobile Receivables Trust 2019-2 Class A3

AmeriCredit Automobile Receivables Trust 2019-2 Class B

AmeriCredit Automobile Receivables Trust 2019-2 Class C

AmeriCredit Automobile Receivables Trust 2019-2 Class D

AmeriCredit Automobile Receivables Trust 2020-2  Class A3

AmeriCredit Automobile Receivables Trust 2020-2 Class   B

AmeriCredit Automobile Receivables Trust 2020-2 Class   C

AmeriCredit Automobile Receivables Trust 2020-2 Class  D

AmeriCredit Automobile Receivables Trust 2020-2 Class A2a

AmeriCredit Automobile Receivables Trust 2020-2 Class A2b

AmeriCredit Automobile Receivables Trust 2020-3 Class A1

AmeriCredit Automobile Receivables Trust 2020-3 Class A2

AmeriCredit Automobile Receivables Trust 2020-3 Class A3

AmeriCredit Automobile Receivables Trust 2020-3 Class B

AmeriCredit Automobile Receivables Trust 2020-3 Class C

AmeriCredit Automobile Receivables Trust 2020-3 Class D

February 28, 2022

Page 7 of 13

AmeriCredit Automobile Receivables Trust 2021-3 Class  B

AmeriCredit Automobile Receivables Trust 2021-3 Class  C

AmeriCredit Automobile Receivables Trust 2021-3 Class A1

AmeriCredit Automobile Receivables Trust 2021-3 Class A2

AmeriCredit Automobile Receivables Trust 2021-3 Class A3

BA Credit Card Trust 2018-1 Class A

BA Credit Card Trust 2018-2 Class A

BA Credit Card Trust 2018-3 Class A

BA Credit Card Trust 2019-1 Class A

BA Credit Card Trust 2020-1 Class A

BA Credit Card Trust 2021-1 Class A

Capital Auto Receivables Asset Trust 2015-4

Capital Auto Receivables Asset Trust 2017-1

Capital Auto Receivables Asset Trust 2018-1

Capital Auto Receivables Asset Trust 2018-2

Capital Auto Receivables Asset Trust 2018-2

Capital Auto Receivables Asset Trust 2018-3

Capital One Multi-Asset Execution Trust 2015-4 Class A

Capital One Multi-Asset Execution Trust 2016-2 Class A

Capital One Multi-Asset Execution Trust 2016-5 Class A

Capital One Multi-Asset Execution Trust 2016-7 Class A

Capital One Multi-Asset Execution Trust 2017-2 Class A

Capital One Multi-Asset Execution Trust 2017-3 Class A

Capital One Multi-Asset Execution Trust 2017-5 Class A

Capital One Multi-Asset Execution Trust 2017-6 Class A

Capital One Multi-Asset Execution Trust 2018-1 Class A

Capital One Multi-Asset Execution Trust 2018-2 Class A

Capital One Multi-Asset Execution Trust 2019-1 Class A

Capital One Multi-Asset Execution Trust 2019-2 Class A

Capital One Multi-Asset Execution Trust 2019-3 Class A

Capital One Multi-Asset Execution Trust 2021-1 Class A

Capital One Multi-Asset Execution Trust 2021-2 Class A

Capital One Multi-Asset Execution Trust 2021-3  Class A

Capital One Prime Auto Receivables Trust  (COPAR) 2019-2 Class A

Capital One Prime Auto Receivables Trust  (COPAR) 2020-1 Class A-D

Capital One Prime Auto Receivables Trust 2019-1

CHASE ISSUANCE TRUST 2012-1

CHASE ISSUANCE TRUST 2012-10

CHASE ISSUANCE TRUST 2012-2

February 28, 2022

Page 8 of 13

CHASE ISSUANCE TRUST 2012-3

CHASE ISSUANCE TRUST 2012-4

CHASE ISSUANCE TRUST 2012-5

CHASE ISSUANCE TRUST 2012-6

CHASE ISSUANCE TRUST 2012-7

CHASE ISSUANCE TRUST 2012-8

CHASE ISSUANCE TRUST 2012-9

Consumers Securitization Funding LLC 2014-A, Class A2

Consumers Securitization Funding LLC 2014-A, Class A3

Duke Energy Carolinas NC Storm Funding LLC

Duke Energy Progress NC Storm Funding LLC

ELIRF 2011 Class A1

Entergy 2007-1

Entergy 2009-1 Class A3

Fifth Third Auto Trust 2017-1 Class A2a

Fifth Third Auto Trust 2017-1 Class A2b

Fifth Third Auto Trust 2017-1 Class A3

Fifth Third Auto Trust 2017-1 Class A4

Ford Credit Auto Owner Trust 2018-A  Class A3

Ford Credit Auto Owner Trust 2018-A  Class A4

Ford Credit Auto Owner Trust 2018-B Class A-3

Ford Credit Auto Owner Trust 2018-B Class A-4

Ford Credit Auto Owner Trust 2019-A  Class  B

Ford Credit Auto Owner Trust 2019-A  Class A2a

Ford Credit Auto Owner Trust 2019-A  Class A2b

Ford Credit Auto Owner Trust 2019-A  Class A3

Ford Credit Auto Owner Trust 2019-A  Class A4

Ford Credit Auto Owner Trust 2019-A Class C

Ford Credit Auto Owner Trust 2019-B Class A2a

Ford Credit Auto Owner Trust 2019-B Class A2b

Ford Credit Auto Owner Trust 2019-B Class A3

Ford Credit Auto Owner Trust 2019-B Class A4

Ford Credit Auto Owner Trust 2019-B Class B

Ford Credit Auto Owner Trust 2019-B Class C

Ford Credit Auto Owner Trust 2019-C Class A2a

Ford Credit Auto Owner Trust 2019-C Class A2b

Ford Credit Auto Owner Trust 2019-C Class A3

Ford Credit Auto Owner Trust 2019-C Class A4

Ford Credit Auto Owner Trust 2019-C Class B

February 28, 2022

Page 9 of 13

Ford Credit Auto Owner Trust 2019-C Class C

Ford Credit Auto Owner Trust 2020-A Class  B

Ford Credit Auto Owner Trust 2020-A Class  C

Ford Credit Auto Owner Trust 2020-A Class A2

Ford Credit Auto Owner Trust 2020-A Class A3

Ford Credit Auto Owner Trust 2020-A Class A4

Ford Credit Auto Owner Trust 2020-B Class  B

Ford Credit Auto Owner Trust 2020-B Class  C

Ford Credit Auto Owner Trust 2020-B Class A2

Ford Credit Auto Owner Trust 2020-B Class A3

Ford Credit Auto Owner Trust 2020-B Class A4

Ford Credit Auto Owner Trust 2020-C Class A1

Ford Credit Auto Owner Trust 2020-C Class A2

Ford Credit Auto Owner Trust 2020-C Class A3

Ford Credit Auto Owner Trust 2020-C Class A4

Ford Credit Auto Owner Trust 2020-C Class B

Ford Credit Auto Owner Trust 2020-C Class C

Ford Credit Auto Owner Trust 2021-A Class A1

Ford Credit Auto Owner Trust 2021-A Class A2

Ford Credit Auto Owner Trust 2021-A Class A3

Ford Credit Auto Owner Trust 2021-A Class A4

Ford Credit Auto Owner Trust 2021-A Class B

Ford Credit Auto Owner Trust 2021-A Class C

Ford Credit Floor Plan Master Owner Trust 2017-3 Class A

Ford Credit Floor Plan Master Owner Trust 2017-3 Class B

Ford Credit Floor Plan Master Owner Trust 2018-1 Class A

Ford Credit Floor Plan Master Owner Trust 2018-1 Class A2

Ford Credit Floor Plan Master Owner Trust 2018-1 Class B

Ford Credit Floor Plan Master Owner Trust 2018-2 Class A

Ford Credit Floor Plan Master Owner Trust 2018-2 Class B

Ford Credit Floor Plan Master Owner Trust 2018-3 Class A1

Ford Credit Floor Plan Master Owner Trust 2018-3 Class A2

Ford Credit Floor Plan Master Owner Trust 2018-4  Class A

Ford Credit Floor Plan Master Owner Trust 2019-1 Class A

Ford Credit Floor Plan Master Owner Trust 2019-1 Class B  

Ford Credit Floor Plan Master Owner Trust 2019-2 Class A

Ford Credit Floor Plan Master Owner Trust 2019-2 Class B

Ford Credit Floor Plan Master Owner Trust 2019-3 Class A1

Ford Credit Floor Plan Master Owner Trust 2019-3 Class A2

February 28, 2022

Page 10 of 13

Ford Credit Floor Plan Master Owner Trust 2019-3 Class B

Ford Credit Floor Plan Master Owner Trust 2019-4 Class A

Ford Credit Floor Plan Master Owner Trust 2019-4 Class B

Ford Credit Floor Plan Master Owner Trust 2020-1 Class A1

Ford Credit Floor Plan Master Owner Trust 2020-1 Class A2

Ford Credit Floor Plan Master Owner Trust 2020-1 Class B

Ford Credit Floor Plan Master Owner Trust 2020-1 Class C

Ford Credit Floor Plan Master Owner Trust 2020-1 Class D

Ford Credit Floor Plan Master Owner Trust 2020-2 Class A

Ford Credit Floor Plan Master Owner Trust 2020-2 Class B

Ford Credit Floor Plan Master Owner Trust 2020-2 Class C

Ford Credit Owner Trust 2017-B Class A4

Ford Credit Owner Trust 2017-B Class B

Ford Credit Owner Trust 2017-C Class   B

Ford Credit Owner Trust 2017-C Class   C

Ford Credit Owner Trust 2017-C Class  A3

Ford Credit Owner Trust 2017-C Class  A4

GE Dealer Floorplan Master Note Trust 2015-2, Class A

GM Financial Consumer Automobile Receivables Trust 2018-3 Class  B

GM Financial Consumer Automobile Receivables Trust 2018-3 Class  C

GM Financial Consumer Automobile Receivables Trust 2018-3 Class A-3

GM Financial Consumer Automobile Receivables Trust 2018-3 Class A-4

GM Financial Consumer Automobile Receivables Trust 2018-4 Class A-3

GM Financial Consumer Automobile Receivables Trust 2018-4 Class A-4

GM Financial Consumer Automobile Receivables Trust 2018-4 Class B

GM Financial Consumer Automobile Receivables Trust 2018-4 Class C

GM Financial Consumer Automobile Receivables Trust 2019-1 Class  C

GM Financial Consumer Automobile Receivables Trust 2019-1 Class A3

GM Financial Consumer Automobile Receivables Trust 2019-1 Class A4

GM Financial Consumer Automobile Receivables Trust 2019-2 Class  C

GM Financial Consumer Automobile Receivables Trust 2019-2 Class A3

GM Financial Consumer Automobile Receivables Trust 2019-2 Class A4

GM Financial Consumer Automobile Receivables Trust 2019-2 Class B

GM Financial Consumer Automobile Receivables Trust 2020-1 Class  B

GM Financial Consumer Automobile Receivables Trust 2020-1 Class  C

GM Financial Consumer Automobile Receivables Trust 2020-1 Class A2a

GM Financial Consumer Automobile Receivables Trust 2020-1 Class A3

GM Financial Consumer Automobile Receivables Trust 2020-1 Class A4

GM Financial Consumer Automobile Receivables Trust 2020-2 Class A2a

February 28, 2022

Page 11 of 13

GM Financial Consumer Automobile Receivables Trust 2020-2 Class A2b

GM Financial Consumer Automobile Receivables Trust 2020-2 Class A3

GM Financial Consumer Automobile Receivables Trust 2020-2 Class A4

GM Financial Consumer Automobile Receivables Trust 2020-2 Class B

GM Financial Consumer Automobile Receivables Trust 2020-2 Class C

GM Financial Consumer Automobile Receivables Trust 2021-1 Class A1

GM Financial Consumer Automobile Receivables Trust 2021-1 Class A2

GM Financial Consumer Automobile Receivables Trust 2021-1 Class A3

GM Financial Consumer Automobile Receivables Trust 2021-1 Class A4

GM Financial Consumer Automobile Receivables Trust 2021-1 Class B

GM Financial Consumer Automobile Receivables Trust 2021-1 Class C

GM Financial Consumer Automobile Receivables Trust 2021-2 Class A1

GM Financial Consumer Automobile Receivables Trust 2021-2 Class A2

GM Financial Consumer Automobile Receivables Trust 2021-2 Class A3

GM Financial Consumer Automobile Receivables Trust 2021-2 Class A4

GM Financial Consumer Automobile Receivables Trust 2021-2 Class B

GM Financial Consumer Automobile Receivables Trust 2021-2 Class C

GM Financial Consumer Automobile Receivables Trust 2021-3 Class A1

GM Financial Consumer Automobile Receivables Trust 2021-3 Class A2

GM Financial Consumer Automobile Receivables Trust 2021-3 Class A3

GM Financial Consumer Automobile Receivables Trust 2021-3 Class A4

GM Financial Consumer Automobile Receivables Trust 2021-3 Class B

GM Financial Consumer Automobile Receivables Trust 2021-4 Class A1

GM Financial Consumer Automobile Receivables Trust 2021-4 Class A2

GM Financial Consumer Automobile Receivables Trust 2021-4 Class A3

GM Financial Consumer Automobile Receivables Trust 2021-4 Class A4

GM Financial Consumer Automobile Receivables Trust 2021-4 Class B

GM Financial Consumer Automobile Receivables Trust 2021-4 Class C

GM Financial Consumer Automobile Receivables Trust Class B

Harley Davidson 2019-A

Harley Davidson 2020-A

Honda Auto Receivable Owner Trust 2017-4

Honda Auto Receivable Owner Trust 2018-2

Honda Auto Receivable Owner Trust 2018-3

Honda Auto Receivable Owner Trust 2018-4

Honda Auto Receivable Owner Trust 2019-1

Honda Auto Receivable Owner Trust 2019-2

Honda Auto Receivable Owner Trust 2019-3

Honda Auto Receivable Owner Trust 2019-4 Class A1

February 28, 2022

Page 12 of 13

Honda Auto Receivable Owner Trust 2019-4 Class A2

Honda Auto Receivable Owner Trust 2019-4 Class A3

Honda Auto Receivable Owner Trust 2019-4 Class A4

Honda Auto Receivable Owner Trust 2020-1

Honda Auto Receivable Owner Trust 2020-2 Class A1

Honda Auto Receivable Owner Trust 2020-2 Class A2

Honda Auto Receivable Owner Trust 2020-2 Class A3

Honda Auto Receivable Owner Trust 2020-2 Class A4

Honda Auto Receivable Owner Trust 2020-3 Class A1

Honda Auto Receivable Owner Trust 2020-3 Class A2

Honda Auto Receivable Owner Trust 2020-3 Class A3

Honda Auto Receivable Owner Trust 2020-3 Class A4

Honda Auto Receivable Owner Trust 2021-1 Class A1

Honda Auto Receivable Owner Trust 2021-1 Class A2

Honda Auto Receivable Owner Trust 2021-1 Class A3

Honda Auto Receivable Owner Trust 2021-1 Class A4

Honda Auto Receivable Owner Trust 2021-2 Class A1

Honda Auto Receivable Owner Trust 2021-2 Class A2

Honda Auto Receivable Owner Trust 2021-2 Class A3

Honda Auto Receivable Owner Trust 2021-2 Class A4

Honda Auto Receivable Owner Trust 2021-3

Honda Auto Receivable Owner Trust 2021-4

JCP&L 2006-A

KeyCorp 2006-A

Origen Manufacturing Housing Contract Trust 2006-A

Origen Manufacturing Housing Contract Trust 2007-A

PG&E Recovery Funding LLC Recovery Bonds Series 2021-A

PPLUS 2006 RRD-1

PSNH Funding LLC 3 2018-1  Class A1

PSNH Funding LLC 3 2018-1  Class A2

PSNH Funding LLC 3 2018-1  Class A3

SCE Recovery Funding LLC Senior Secured Recovery Bonds, Series 2021-A

Senior Secured Nuclear Asset-Recovery Bonds, Series 2016A

SLM Private Credit Loan Trust 2007-A

SLM Private Credit Student Loan Trust 2006-A

SLM Private Credit Student Loan Trust 2006-B

SLM Private Credit Student Loan Trust 2006-C

South Bend Receivables Trust

South Bend Receivables Trust 2019-1

February 28, 2022

Page 13 of 13

South Bend Receivables Trust 2019-2

South Bend Receivables Trust 2020-1

South Bend Receivables Trust 2021-1

South Bend Receivables Trust 2021-2

STRATS Allstate 2006-3

STRATS Goldman Sachs 2006-2

STRATS P&G 2006-1

Synchrony (GE) Credit Card Master Note Trust 2015-1, Class A/B/C

Synchrony (GE) Credit Card Master Note Trust 2015-4, Class A

Synchrony (GE) Credit Card Master Note Trust 2016-2, Class A

Synchrony (GE) Credit Card Master Note Trust 2017 - 1  Class A

Synchrony (GE) Credit Card Master Note Trust 2017 - 1  Class B

Synchrony (GE) Credit Card Master Note Trust 2017 - 1  Class C

Synchrony (GE) Credit Card Master Note Trust 2017 - 1  Class D

Synchrony (GE) Credit Card Master Note Trust 2017 - 2  Class A

Synchrony (GE) Credit Card Master Note Trust 2017 - 2  Class B

Synchrony (GE) Credit Card Master Note Trust 2017 - 2  Class C

Synchrony (GE) Credit Card Master Note Trust 2017 - 2  Class D

Synchrony (GE) Credit Card Master Note Trust 2018-1 Class B

Synchrony (GE) Credit Card Master Note Trust 2018-1 Class C

Synchrony (GE) Credit Card Master Note Trust 2018-2 Classes A/B/C

Synchrony Card Issuance Trust 2018-1 Class A

Synchrony Card Issuance Trust 2019-1 Class A

Synchrony Card Issuance Trust 2019-2  Class A

Tranche A

World Omni Auto Receivable Trust 2014-B Class A1

World Omni Auto Receivable Trust 2014-B Class A2a

World Omni Auto Receivable Trust 2014-B Class A2b

World Omni Auto Receivable Trust 2014-B Class A3

World Omni Auto Receivable Trust 2014-B Class A4

World Omni Auto Receivable Trust 2015-A Class A1

World Omni Auto Receivable Trust 2015-A Class A2a

World Omni Auto Receivable Trust 2015-A Class A2b

World Omni Auto Receivable Trust 2015-A Class A4

World Omni Auto Receivable Trust 2019-A  Class  B

World Omni Auto Receivable Trust 2019-A  Class  C

World Omni Auto Receivable Trust 2019-A  Class A1

World Omni Auto Receivable Trust 2019-A  Class A2

World Omni Auto Receivable Trust 2019-A  Class A3

World Omni Auto Receivable Trust 2019-A  Class A4

EX-34.1

Exhibit 34.1

Report of Independent Registered Public Accounting Firm

Board of Directors of AmeriCredit Financial Services, Inc.

AmeriCredit Financial Services, Inc.

We have examined management’s assertion, included in the accompanying Management’s Assertion Regarding Compliance with Applicable Servicing Criteria, that AmeriCredit Financial Services, Inc. (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the publicly issued consumer auto loan and lease asset-backed securities transactions for which the Company acted as servicer involving consumer auto loans and leases (the “Platform”) as of and for the year ended December 31, 2021, except for 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(iii), 1122(d)(2)(vi), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), and 1122(d)(4)(xv) which the Company has determined are not applicable to the activities performed by them with respect to the servicing platform covered by this report. See Appendix B of management’s assertion for the asset backed transactions covered by this platform. Management is responsible for the Company’s compliance with those servicing criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the individual asset backed transactions and securities that comprise the platform, testing of less than all of the servicing activities related to the Platform and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria and as permitted by Regulation AB Compliance and Disclosure Interpretations of the Division of Corporation Finance, Section 200.06, “Vendors Engaged by Servicers” (C&DI 200.06). Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

1 

As described in management’s assertion, for servicing criteria 1122(d)(2)(i), 1122(d)(4)(i), 1122(d)(4)(ii) and 1122(d)(4)(iv), the Company has engaged various vendors to perform the activities required by these servicing criteria. The Company has determined that these vendors are not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the applicable servicing criteria applicable to each vendor as permitted by C&DI 200.06. As permitted by C&DI 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all material respects with servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Company’s eligibility to apply C&DI 200.06.

In our opinion, management’s assertion that the Company complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB, including servicing criteria 1122(d)(2)(i), 1122(d)(4)(i), 1122(d)(4)(ii) and 1122(d)(4)(iv) for which compliance is determined based on C&DI 200.06 as described above, as of and for the year ended December 31, 2021 for the Platform, is fairly stated, in all material respects.

/s/ Ernst & Young LLP

March 4, 2022

2 

EX-34.2

Exhibit 34.2

Report of Independent Registered Public Accounting Firm

The Board of Directors

The Bank of New York Mellon

BNY Mellon Trust of Delaware

The Bank of New York Mellon Trust Company, N.A.:

We have examined management’s assertion, included in the accompanying Management’s Assessment of Compliance with Applicable Servicing Criteria, that The Bank of New York Mellon (formerly The Bank of New York), BNY Mellon Trust of Delaware (formerly BNYM (Delaware)) and The Bank of New York Mellon Trust Company, N.A. (formerly The Bank of New York Trust, Company, N.A.), (collectively, the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the publicly-issued (i.e., transaction-level reporting initially required under the Securities and Exchange Act of 1934, as amended) asset-backed securities issued on or after January 1, 2006 and like-kind transactions issued prior to January 1, 2006 that are subject to Regulation AB (including transactions subject to Regulation AB by contractual obligation) for which the Company provides trustee, securities administration, paying agent, or custodial services, as defined and to the extent applicable in the transaction agreements, other than residential mortgage-backed securities and other mortgage-related asset-backed securities (the “Platform”), except for servicing criteria 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(1)(v), 1122(d)(2)(iii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform (the Servicing Criteria), as of and for the twelve months ended December 31, 2021. With respect to Servicing Criterion 1122(d)(4)(i), the Company has determined that for certain transactions in the Platform the Trustor (as such term is defined in the related transaction agreements) may direct the Trustee (as such term is defined in the related transaction agreements) to file, or cause to be filed, all filings identified by the Trustor to be necessary to maintain the effectiveness of any original filings identified by the Trustor to be necessary under the Uniform Commercial Code as in effect in any jurisdiction to perfect the Trustee’s security interest in or lien on the Underlying Securities (as such term is defined in the related transaction agreements). As of and for the twelve months ended December 31, 2021, the Company was not instructed by any Trustors to perform such activities. Absent the receipt of instruction from a Trustor to perform such activities, the Company’s responsibility for Servicing Criterion 1122(d)(4)(i) for the Platform is solely with regard to the manner of holding trust assets and investment of trust assets in eligible investments and the Company does not have any duties as to the original UCC filing and any continuations to perfect the security interest unless instructed to do so by other parties in the transaction agreement. With respect to applicable servicing criterion 1122(d)(4)(iii), the Company has determined that there were no activities performed during the twelve months ended December 31, 2021 with respect to the Platform, because there were no occurrences of events that would require the Company to perform such activities. Appendix A to Management’s Assessment of Compliance with Applicable Servicing Criteria identifies the individual asset-backed transactions and securities defined by management as constituting the Platform. Management is responsible for the Company’s compliance with the Servicing Criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the Servicing Criteria based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants to obtain reasonable assurance and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the Servicing Criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the Servicing Criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the Servicing Criteria.

As described in Management’s Assessment of Compliance with Applicable Servicing Criteria, for Servicing Criterion 1122(d)(2)(vi), the Company has engaged a vendor to perform the activities required by this Servicing Criterion. The Company has determined that this vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the Servicing Criterion applicable to this vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (C&DI) 200.06, Vendors Engaged by Servicers (C&DI 200.06). As permitted by C&DI 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendor’s activities comply in all material respects with the Servicing Criterion applicable to the vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendor and related Servicing Criterion as described in its assertion, and we performed no procedures with respect to the Company’s eligibility to apply C&DI 200.06.

In our opinion, management’s assertion that the Company complied with the aforementioned Servicing Criteria, including servicing criterion 1122(d)(2)(vi) for which compliance is determined based on C&DI 200.06 as described above, as of and for the twelve months ended December 31, 2021 is fairly stated, in all material respects.

/s/ KPMG LLP

Chicago, Illinois
February 28, 2022

EX-35.1

Exhibit 35.1

Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

This Annual Statement as to Compliance is delivered to you pursuant to Section 4.10 (a) of the Sale and Servicing Agreement dated as of April 17, 2019 (the “Agreement”) and Item 1123 of Regulation AB, executed in connection with the formation of GM Financial Consumer Automobile Receivables Trust 2019-2 (the “Trust”), the issuance of the Notes by the Trust and the closing of the transactions and the execution and delivery of the various documents by AmeriCredit Financial Services, Inc. (the “Servicer”) and AFS SenSub Corp. in connection therewith. The capitalized terms used herein shall have the same meanings as in the Agreement.

The undersigned certifies that I am the Executive Vice President, Corporate Controller and Chief Accounting Officer of the Servicer. I further certify as follows:

1. I have conducted, or caused to be conducted under my supervision, a review of the Servicer during the preceding period from January 1, 2021 through December 31, 2021, and its performance under the Agreement.

2. To the best of my knowledge, following such review, the Servicer has fulfilled all its obligations under the Agreement throughout such period, and, to the best of my knowledge, there has been no default in the fulfillment of any such obligation.

AmeriCredit Financial Services, Inc.

By:	/s/ Connie Coffey	Dated: March 4, 2022
	Connie Coffey
	Executive Vice President, Corporate
	Controller and Chief Accounting Officer