Common use of Compliance with Underwriting Procedures Clause in Contracts

Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f) — 1: Contract Form Observe the form number and revision date on the Contract and confirm they are on the List of Approved Contract Forms. Test 3.3(f) — 2: Financed Vehicle Description Observe the Contract and confirm the description of the Financed Vehicle, including the vehicle identification number, year, make and model, new, used or demo and use, matches the vehicle information for the Receivable in Ford Credit’s receivables systems. Observe each Ancillary Document, if any, and confirm any information describing the Financed Vehicle matches the corresponding information in the Contract. Test 3.3(f) — 3: Net Trade Information Observe the Contract and confirm the net trade-in amount, if any, equals the difference between the value of the trade-in vehicle and the amount the Obligor owes for the trade-in. Test 3.3(f) — 4: Fees and Additional Products Observe the fees, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm they do not exceed the limits stated in the applicable Ford Credit procedure. Observe the amount for each additional product, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm each amount does not exceed the advance cap amount stated in the applicable Ford Credit procedure. Test 3.3(f) — 5: Contract Signed Observe the Contract and confirm signatures are present for the Dealer and the Obligor. Test 3.3(f) — 6: Insurance Signatures Observe the insurance section of the Contract and confirm that no insurance products were purchased or, if so, confirm signatures are present for the Obligor in the insurance section of the Contract. Test 3.3(f) — 7: Dealer Confirmation Observe the Dealer name on the Contract and confirm it matches the Dealer name on the Dealer Assignment. Test 3.3(f) — 8: Additional Document Requirements Observe the Receivable in Ford Credit’s receivables systems and confirm that no additional document requirements are indicated for origination or, if so, confirm all required documents are in the Receivable File. Representation and Warranty (Section references are to the Receivables Purchase Agreement) Tests Test 3.3(f) — 9: Notice to Co-Signer Observe the Contract and confirm the Financed Vehicle is purchased for personal use and, if so, confirm if a “Notice to Cosigner” document is required by the applicable Ford Credit procedure and, if so, confirm a signed and dated “Notice to Cosigner” document is in the Receivable File. Test 3.3(f) — 10: Rate Cap Confirmation Observe the APR on the Contract and confirm it does not exceed the rate indicated in Ford Credit’s receivables systems by more than the rate cap allowed in the applicable Ford Credit procedure.

Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f) — 1: Contract Form Observe the form number and revision date on the Contract and confirm they are on the List of Approved Contract Forms. Test 3.3(f) — 2: Financed Vehicle Description Observe the Contract and confirm the description of the Financed Vehicle, including the vehicle identification number, year, make and model, new, used or demo and use, matches the vehicle information for the Receivable in Ford Credit’s receivables systems. Observe each Ancillary Document, if any, and confirm any information describing the Financed Vehicle matches the corresponding information in the Contract. Test 3.3(f) — 3: Net Trade Information Observe the Contract and confirm the net trade-in amount, if any, equals the difference between the value of the trade-in vehicle and the amount the Obligor owes for the trade-in. Test 3.3(f) — 4: Fees and Additional Products Observe the fees, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm they do not exceed the limits stated in the applicable Ford Credit procedure. Observe the amount for each additional product, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm each amount does not exceed the advance cap amount stated in the applicable Ford Credit procedure. Test 3.3(f) — 5: Contract Signed Observe the Contract and confirm signatures are present for the Dealer and the Obligor. Test 3.3(f) — 6: Insurance Signatures Observe the insurance section of the Contract and confirm that no insurance products were purchased or, if so, confirm signatures are present for the Obligor in the insurance section of the Contract. Test 3.3(f) — 7: Dealer Confirmation Observe the Dealer name on the Contract and confirm it matches the Dealer name on the Dealer Assignment. Test 3.3(f) — 8: Additional Document Requirements Observe the Receivable in Ford Credit’s receivables systems and confirm that no additional document requirements are indicated for origination or, if so, confirm all required documents are in the Receivable File. Representation and Warranty (Section references are to the Receivables Purchase Agreement) Tests Test 3.3(f) — 9: Notice to Co-Signer Observe the Contract and confirm the Financed Vehicle is purchased for personal use and, if so, confirm if a “Notice to Cosigner” document is required by the applicable Ford Credit procedure and, if so, confirm a signed and dated “Notice to Cosigner” document is in the Receivable File. Test 3.3(f) — 10: Rate Cap Confirmation Observe the APR on the Contract and confirm it does not exceed the rate indicated in Ford Credit’s receivables systems by more than the rate cap allowed in the applicable Ford Credit procedure.

Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f) — 1: Contract Form Observe the form number and revision date on the Contract and confirm they are on the List of Approved Contract Forms. Test 3.3(f) — 2: Financed Vehicle Description Observe the Contract and confirm the description of the Financed Vehicle, including the vehicle identification number, year, make and model, new, used or demo and usedemo, matches the vehicle information for the Receivable in Ford Credit’s receivables systems. Observe each Ancillary Document, if any, and confirm any information describing the Financed Vehicle matches the corresponding information in the Contract. Test 3.3(f) — 3: Net Trade Information Observe the Contract and confirm the net trade-in amount, if any, equals the difference between the value of the trade-in vehicle and the amount the Obligor owes for the trade-in. Test 3.3(f) — 4: Fees and Additional Products Observe the fees, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm they do not exceed the limits stated in the applicable Ford Credit procedure. Observe the amount for each additional product, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm each amount does not exceed the advance cap amount stated in the applicable Ford Credit procedure. Test 3.3(f) — 5: Contract Signed Observe the Contract and confirm signatures are present for the Dealer and the Obligor. Test 3.3(f) — 6: Insurance Signatures Observe the insurance section of the Contract and confirm that no insurance products were purchased or, if so, confirm signatures are present for the Obligor in the insurance section of the Contract. Test 3.3(f) — 7: Dealer Confirmation Observe the Dealer name on the Contract and confirm it matches the Dealer name on the Dealer Assignment. Test 3.3(f) — 8: Additional Document Requirements Observe the Receivable in Ford Credit’s receivables systems and confirm that no additional document requirements are indicated for origination or, if so, confirm all required documents are in the Receivable File. Representation and Warranty (Section references are to the Receivables Purchase Agreement) Tests Test 3.3(f) — 9: Notice to Co-Signer Observe the Contract and confirm the Financed Vehicle is purchased for personal use and, if so, confirm if a “Notice to Cosigner” document is required by the applicable Ford Credit procedure and, if so, confirm a signed and dated “Notice to Cosigner” document is in the Receivable File. Test 3.3(f) — 10: Rate Cap Confirmation Observe the APR on the Contract and confirm it does not exceed the rate indicated in Ford Credit’s receivables systems by more than the rate cap allowed in the applicable Ford Credit procedure.

Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f) — 1: Contract Form Observe the form number and revision date on the Contract and confirm they are on the List of Approved Contract Forms. Test 3.3(f) — 2: Financed Vehicle Description Observe the Contract and confirm the description of the Financed Vehicle, including the vehicle identification number, year, make and model, new, used or demo and use, matches the vehicle information for the Receivable in Ford Credit’s receivables systems. Observe each Ancillary Document, if any, and confirm any information describing the Financed Vehicle matches the corresponding information in the Contract. Test 3.3(f) — 3: Net Trade Information Observe the Contract and confirm the net trade-in amount, if any, equals the difference between the value of the trade-in vehicle and the amount the Obligor owes for the trade-in. Test 3.3(f) — 4: Fees and Additional Products Observe the fees, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm they do not exceed the limits stated in the applicable Ford Credit procedure. Observe the amount for each additional product, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm each amount does not exceed the advance cap amount stated in the applicable Ford Credit procedure. Test 3.3(f) — 5: Contract Signed Observe the Contract and confirm signatures are present for the Dealer and the Obligor. Test 3.3(f) — 6: Insurance Signatures Observe the insurance section of the Contract and confirm that no insurance products were purchased or, if so, confirm signatures are present for the Obligor in the insurance section of the Contract. Test 3.3(f) — 7: Dealer Confirmation Observe the Dealer name on the Contract and confirm it matches the Dealer name on the Dealer Assignment. Test 3.3(f) — 8: Additional Document Requirements Observe the Receivable in Ford Credit’s receivables systems and confirm that no additional document requirements are indicated for origination or, if so, confirm all required documents are in the Receivable File. Representation and Warranty (Section references are to the Receivables Purchase Agreement) Tests Test 3.3(f) — 9: Notice to Co-Signer Observe the Contract and confirm the Financed Vehicle is purchased for personal use and, if so, confirm if a “Notice to Cosigner” document is required by the applicable Ford Credit procedure and, if so, confirm a signed and dated “Notice to Cosigner” document is in the Receivable File. Test 3.3(f) — 10: Rate Cap Confirmation Observe the APR on the Contract and confirm it does not exceed the rate indicated in Ford Credit’s receivables systems by more than the rate cap allowed in the applicable Ford Credit procedureprocedure .

Compliance with Underwriting Procedures. The Receivable Lease was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f3.3(h) — – 1: Contract Lease Form Observe the form number and revision date on the Contract Lease and confirm they are on the List of Approved Contract Forms. Test 3.3(f3.3(h) — – 2: Financed Leased Vehicle Description Observe the Contract Lease and confirm the description of the Financed Leased Vehicle, including the vehicle identification number, year, make and model, new, used or demo and usedemo, matches the vehicle information for the Receivable Lease account in Ford Credit’s 's receivables systems. Observe each Ancillary Document, if any, and confirm any information describing the Financed Leased Vehicle matches the corresponding information in on the ContractLease. Test 3.3(f3.3(h) — – 3: Net Trade Information Observe the Contract and confirm the net trade-in amount, if any, equals the difference between the value of the trade-in vehicle and the amount the Obligor owes for the trade-in. Test 3.3(f) — 4: Fees and Additional Products Observe the fees, if any, included in the “Itemization of Amount Financed” "Amounts Due At Lease Signing or Delivery" section of the Contract Lease and confirm they do not exceed the limits stated in the applicable Ford Credit procedure. Observe the Lease and confirm the amount the acquisition fee is the amount required by Ford Credit procedure and, if it is an advance payment lease, confirm the acquisition fee is listed in the "Amounts Due At Lease Signing or Delivery" section. Observe the amount for each additional product, if any, included in the “"Itemization of Amount Financed” Gross Capitalized Cost" section of the Contract Lease and confirm each amount does not exceed the advance cap amount stated in the applicable Ford Credit procedure. Test 3.3(f3.3(h) — 5– 4: Contract Lease Signed Observe the Contract Lease and confirm signatures are present for the Dealer and the ObligorLessee. Test 3.3(f3.3(h) — 6– 5: Insurance Signatures Observe the insurance section of the Contract Lease and confirm that no insurance products were purchased or, if so, confirm signatures are present for the Obligor minimum limits meet the requirements as stated in the applicable Ford Credit procedure. Confirm the Lease File contains proof of insurance section of as stated in the Contractapplicable Ford Credit procedure. Test 3.3(f3.3(h) — 7– 6: Dealer Confirmation Observe the Lease and confirm that the Dealer name on the Contract and confirm it matches the Dealer name on the Dealer Red Carpet Lease Assignment. Test 3.3(f3.3(h) — 8– 7: Additional Document Requirements Observe the Receivable Lease account in Ford Credit’s 's receivables systems and confirm that no additional document requirements are indicated for origination or, if so, confirm all required documents are in the Receivable Lease File. Representation and Warranty (Section references are to the Receivables Purchase AgreementTest 3.3(h) Tests Test 3.3(f) — 9– 8: Notice to Co-Signer Observe the Contract Lease and confirm the Financed "Vehicle Use" is purchased for personal use and, and if so, confirm if a “"Notice to Cosigner” " document is required by the applicable Ford Credit procedure and, and if so, confirm a signed and dated “"Notice to Cosigner” " document is in the Receivable Lease File. Test 3.3(f3.3(h) — 10– 9: Rate Cap Confirmation Odometer Disclosure Statement Observe the APR on the Contract Odometer Disclosure Statement and confirm it does not exceed is completed and signed as stated in the rate indicated in applicable Ford Credit’s receivables systems by more than Credit procedure. Test 3.3(h) – 10: Finance Company and Holder Observe the rate cap allowed Lease and confirm the "Finance Company" and "Holder" section is completed as stated in the applicable Ford Credit procedure.