Receivables in Force. According to the Servicer’s Receivables system, the Receivable shall not have been satisfied, subordinated or rescinded, nor shall the Financed Vehicle have been released in whole or in part from the lien granted by the related Receivable on the Cutoff Date. Review Materials: (a) Receivable Files (b) Title documents (c) Servicer’s Records/Data file Tests: (a) Confirm that there is no indication in the Servicer’s Records or Receivable Files that the Receivable was subordinated or rescinded. (b) Confirm that there is no indication in the Servicer’s Records or Receivable Files that the Receivable was satisfied prior to the Cut-off Date. (c) Confirm that there is no indication in the Servicer’s Records or Receivable Files that the Financed Vehicle has been released from the lien in whole or in part. (d) If (a) through (c) are confirmed, then Test Pass.
Appears in 61 contracts
Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-2 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-2 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-1 Owner Trust)
