Thu, Mar 27, 7:57 PM (30 days ago)
**Exeter Automobile Receivables Trust 2021-3 (EFCAR, LLC) - 10-K Summary** **Financial Performance:** - The document does not provide specific financial figures for revenue, net income, or operating expenses. However, it mentions that no single obligor represents 10% or more of the asset pool, indicating a diversified portfolio. **Strategic Overview & Future Outlook:** - Exeter Finance LLC (Exeter) is a consumer finance company focusing on automobile receivables. The company is involved in various legal proceedings and regulatory reviews, but it believes it has taken prudent steps to mitigate these risks. - The future outlook is not explicitly stated, but the company's involvement in legal and regulatory matters may pose challenges. **Risk Factors:** - Exeter is subject to various consumer claims and litigation, including usury, disclosure inaccuracies, and improper collection practices. - The company is also involved in reviews and investigations by government and self-regulatory agencies. - As of the filing date, Exeter is not subject to litigation or reviews that would materially adversely affect the holders of the Notes. **Financial Condition & Market Position:** - The document does not provide detailed information on the financial condition or market position changes. - Exeter has provided a statement of compliance for the 2024 Reporting Period, indicating adherence to servicing criteria. **Key Points:** - Exeter and Citibank, N.A. have completed assessments of compliance with servicing criteria, with no material instances of noncompliance identified. - The document includes various agreements and certificates related to the Trust and its operations. **Ticker:** Not applicable, as the registrant has no voting or non-voting common equity outstanding held by non-affiliates. **Note:** The document is a Form 10-K filing, which is an annual report required by the U.S. Securities and Exchange Commission. It provides a comprehensive overview of the company's business and financial condition. However, due to the nature of the registrant (a trust), the document omits certain items typically found in a standard Form 10-K.