Fri, Jun 21, 8:02 PM (122 days ago)
The 10-K report for Honda Auto Receivables 2023-4 Owner Trust, for the fiscal year ended March 31, 2024, provides an overview of their compliance with SEC regulations. Key points include: 1. **Compliance and Filing**: The report confirms all required filings under the Securities Exchange Act of 1934 have been made, and no material non-compliance with servicing criteria was identified. 2. **Legal Proceedings**: No significant legal proceedings are pending against the Sponsor, Depositor, or Trust. U.S. Bank and BNY Mellon, involved in trustee roles, are defending against RMBS-related lawsuits but deny liability. 3. **Financial Performance**: Specific financial statements and supplementary data are omitted, as permitted by regulatory instructions. 4. **Credit and Derivative Instruments**: No significant credit enhancements or derivative instruments are utilized by the Trust. 5. **Exhibits and Certifications**: Various compliance and attestation reports are included, confirming adherence to servicing criteria. The report primarily emphasizes regulatory compliance and the absence of significant legal or financial issues, ensuring transparency for stakeholders.