10/24/2025 | Press release | Distributed by Public on 10/24/2025 12:50
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
|
Collection Period |
30-Sep-25 | 30/360 Days | 30 | Collection Period Start | 1-Sep-25 | |||||||||||
|
Distribution Date |
15-Oct-25 | Actual/360 Days | 30 | Collection Period End | 30-Sep-25 | |||||||||||
| Prior Month Settlement Date | 15-Sep-25 | |||||||||||||||
| Current Month Settlement Date | 15-Oct-25 |
| Coupon Rate | Initial Balance | Beginning Balance | Ending Balance | Pool Factor | ||||||||||||||||
|
Pool Balance |
1,397,810,762.29 | 871,829,374.42 | 826,908,956.08 | 0.635066 | ||||||||||||||||
|
Yield Supplement Overcollaterization |
95,727,428.43 | 47,475,480.37 | 44,028,038.80 | |||||||||||||||||
|
Total Adjusted Pool Balance |
1,302,083,333.86 | 824,353,894.05 | 782,880,917.28 | |||||||||||||||||
|
Total Adjusted Securities |
1,302,083,333.86 | 824,353,894.05 | 782,880,917.28 | 0.601253 | ||||||||||||||||
|
Class A-1 Notes |
4.70300 | % | 305,000,000.00 | 0.00 | 0.00 | 0.000000 | ||||||||||||||
|
Class A-2a Notes |
4.51000 | % | 135,000,000.00 | 83,181,168.06 | 70,739,275.03 | 0.523995 | ||||||||||||||
|
Class A-2b Notes |
4.75208 | % | 315,000,000.00 | 194,089,392.13 | 165,058,308.39 | 0.523995 | ||||||||||||||
|
Class A-3 Notes |
4.34000 | % | 400,000,000.00 | 400,000,000.00 | 400,000,000.00 | 1.000000 | ||||||||||||||
|
Class A-4 Notes |
4.35000 | % | 95,000,000.00 | 95,000,000.00 | 95,000,000.00 | 1.000000 | ||||||||||||||
|
Certificates |
0.00000 | % | 52,083,333.86 | 52,083,333.86 | 52,083,333.86 | 1.000000 | ||||||||||||||
|
Principal Payment |
Interest Payment |
Principal per $1000 Face Amount |
Interest per $1000 Face Amount |
|||||||||||||||||
|
Class A-1 Notes |
0.00 | 0.00 | - | - | ||||||||||||||||
|
Class A-2a Notes |
12,441,893.03 | 312,622.56 | 92.1621706 | 2.3157227 | ||||||||||||||||
|
Class A-2b Notes |
29,031,083.74 | 768,606.93 | 92.1621706 | 2.4400220 | ||||||||||||||||
|
Class A-3 Notes |
0.00 | 1,446,666.67 | - | 3.6166667 | ||||||||||||||||
|
Class A-4 Notes |
0.00 | 344,375.00 | - | 3.6250000 | ||||||||||||||||
|
Certificates |
0.00 | 0.00 | - | - | ||||||||||||||||
|
Total Securities |
41,472,976.77 | 2,872,271.16 | ||||||||||||||||||
|
I. COLLECTIONS |
||||||||||||||||||||
|
Interest: |
||||||||||||||||||||
|
Interest Collections |
3,648,735.86 | |||||||||||||||||||
|
Repurchased Loan Proceeds Related to Interest |
0.00 | |||||||||||||||||||
|
Total Interest Collections |
3,648,735.86 | |||||||||||||||||||
|
Principal: |
||||||||||||||||||||
|
Principal Collections |
44,072,469.03 | |||||||||||||||||||
|
Repurchased Loan Proceeds Related to Principal |
0.00 | |||||||||||||||||||
|
Total Principal Collections |
44,072,469.03 | |||||||||||||||||||
|
Recoveries of Defaulted Receivables |
319,706.28 | |||||||||||||||||||
|
Total Collections |
48,040,911.17 | |||||||||||||||||||
|
II. COLLATERAL POOL BALANCE DATA |
||||||||||||||||||||
| Number | Amount | |||||||||||||||||||
|
Adjusted Pool Balance - Beginning of Period |
50,625 | 824,353,894.05 | ||||||||||||||||||
|
Total Principal Payment |
41,472,976.77 | |||||||||||||||||||
| 49,372 | 782,880,917.28 | |||||||||||||||||||
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
|
III. DISTRIBUTIONS |
||||
|
Total Collections |
48,040,911.17 | |||
|
Reserve Account Draw |
0.00 | |||
|
Total Available for Distribution |
48,040,911.17 | |||
|
1. Reimbursement of Advance |
0.00 | |||
|
2. Servicing Fee: |
||||
|
Servicing Fee Due |
726,524.48 | |||
|
Servicing Fee Paid |
726,524.48 | |||
|
Servicing Fee Shortfall |
0.00 | |||
|
3. Interest: |
||||
|
Class A-1 Notes Monthly Interest |
||||
|
Class A-1 Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-1 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
|
Class A-1 Notes Monthly Interest Distributable Amount |
0.00 | |||
|
Class A-1 Notes Monthly Interest Paid |
0.00 | |||
|
Change in Class A-1 Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-2a Notes Monthly Interest |
||||
|
Class A-2a Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-2a Notes Interest on Interest Carryover Shortfall |
0.00 | |||
|
Class A-2a Notes Monthly Interest Distributable Amount |
312,622.56 | |||
|
Class A-2a Notes Monthly Interest Paid |
312,622.56 | |||
|
Change in Class A-2a Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-2b Notes Monthly Interest |
||||
|
Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-2b Notes Interest on Interest Carryover Shortfall |
0.00 | |||
|
Class A-2b Notes Monthly Interest Distributable Amount |
768,606.93 | |||
|
Class A-2b Notes Monthly Interest Paid |
768,606.93 | |||
|
Change in Class A-2b Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-3 Notes Monthly Interest |
||||
|
Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-3 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
|
Class A-3 Notes Monthly Interest Distributable Amount |
1,446,666.67 | |||
|
Class A-3 Notes Monthly Interest Paid |
1,446,666.67 | |||
|
Change in Class A-3 Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-4 Notes Monthly Interest |
||||
|
Class A-4 Notes Interest Carryover Shortfall |
0.00 | |||
|
Class A-4 Notes Interest on Interest Carryover Shortfall |
0.00 | |||
|
Class A-4 Notes Monthly Interest Distributable Amount |
344,375.00 | |||
|
Class A-4 Notes Monthly Interest Paid |
344,375.00 | |||
|
Change in Class A-4 Notes Interest Carryover Shortfall |
0.00 | |||
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
|
Total Note Monthly Interest |
||||||||
|
Total Note Monthly Interest Due |
2,872,271.16 | |||||||
|
Total Note Monthly Interest Paid |
2,872,271.16 | |||||||
|
Total Note Interest Carryover Shortfall |
0.00 | |||||||
|
Change in Total Note Interest Carryover Shortfall |
0.00 | |||||||
|
Total Available for Principal Distribution |
44,442,115.53 | |||||||
|
4. Total Monthly Principal Paid on the Notes |
41,472,976.77 | |||||||
|
Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
|
Total Noteholders' Principal Distributable Amount |
41,472,976.77 | |||||||
|
Change in Total Noteholders' Principal Carryover Shortfall |
0.00 | |||||||
|
5. Total Monthly Principal Paid on the Certificates |
0.00 | |||||||
|
Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
|
Total Certificateholders' Principal Distributable Amount |
0.00 | |||||||
|
Change in Total Certificateholders' Principal Carryover Shortfall |
0.00 | |||||||
|
Remaining Available Collections |
2,969,138.76 | |||||||
|
Deposit from Remaining Available Collections to fund Reserve Account |
0.00 | |||||||
|
Remaining Available Collections Released to Certificateholder |
2,969,138.76 | |||||||
|
V. RESERVE ACCOUNT |
||||||||
|
Initial Reserve Account Amount |
3,255,208.33 | |||||||
|
Required Reserve Account Amount |
3,255,208.33 | |||||||
|
Beginning Reserve Account Balance |
3,255,208.33 | |||||||
|
Deposit of Remaining Available Collections |
0.00 | |||||||
|
Ending Reserve Account Balance |
3,255,208.33 | |||||||
|
Required Reserve Account Amount for Next Period |
3,255,208.33 | |||||||
|
VI. POOL STATISTICS |
||||||||
|
Weighted Average Coupon |
4.91 | % | ||||||
|
Weighted Average Remaining Maturity |
39.61 | |||||||
| Amount | Number | |||||||
|
Principal on Defaulted Receivables |
847,949.31 | 44 | ||||||
|
Principal Recoveries of Defaulted Receivables |
319,706.28 | |||||||
|
Monthly Net Losses |
528,243.03 | |||||||
|
Pool Balance at Beginning of Collection Period |
871,829,374.42 | |||||||
|
Net Loss Ratio for Third Preceding Collection Period |
0.54 | % | ||||||
|
Net Loss Ratio for Second Preceding Collection Period |
-0.39 | % | ||||||
|
Net Loss Ratio for Preceding Collection Period |
0.86 | % | ||||||
|
Net Loss Ratio for Current Collection Period |
0.73 | % | ||||||
|
Four-Month Average Net Loss Ratio |
0.43 | % | ||||||
|
Cumulative Net Losses for all Periods |
4,073,959.93 | |||||||
Nissan Auto Receivables 2024-B Owner Trust
Servicer's Certificate
| Amount | Number |
% of Receivables (EOP Balance) |
||||||||||
|
Delinquent Receivables: |
||||||||||||
|
31-60 Days Delinquent |
5,574,528.17 | 287 | 0.67 | % | ||||||||
|
61-90 Days Delinquent |
1,175,413.65 | 56 | 0.14 | % | ||||||||
|
91-120 Days Delinquent |
506,936.60 | 23 | 0.06 | % | ||||||||
|
More than 120 Days |
0.00 | 0 | 0.00 | % | ||||||||
|
Total 31+ Days Delinquent Receivables: |
7,256,878.42 | 366 | 0.88 | % | ||||||||
|
61+ Days Delinquencies as Percentage of Receivables (EOP): |
||||||||||||
|
Delinquency Ratio for Third Preceding Collection Period |
0.12 | % | 0.13 | % | ||||||||
|
Delinquency Ratio for Second Preceding Collection Period |
0.19 | % | 0.19 | % | ||||||||
|
Delinquency Ratio for Preceding Collection Period |
0.19 | % | 0.17 | % | ||||||||
|
Delinquency Ratio for Current Collection Period |
0.20 | % | 0.16 | % | ||||||||
|
Four-Month Average Delinquency Ratio |
0.18 | % | 0.16 | % | ||||||||
|
60 Day Delinquent Receivables |
1,726,771.53 | |||||||||||
|
Delinquency Percentage |
0.21 | % | ||||||||||
|
Delinquency Trigger |
4.90 | % | ||||||||||
|
Does the Delinquency Percentage exceed the Delinquency Trigger? |
No | |||||||||||
|
Principal Balance of Extensions |
3,177,297.55 | |||||||||||
|
Number of Extensions |
154 | |||||||||||
|
VII. STATEMENTS TO NOTEHOLDERS |
||||||||||||
|
1. Has there been a material change in practices with respect to charge-offs, collection and management of delinquent Receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience? |
NO | |||||||||||
|
2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables? |
NO | |||||||||||
|
3. Has there been an issuance of notes or other securities backed by the Receivables? |
NO | |||||||||||
|
4. Has there been a material change in the underwriting, origination or acquisition of Receivables? |
NO | |||||||||||