|   | (Mark One) |
|--------|------------|

|   |  x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---------------------------------------------------------------------------------------------------|

|   |   o  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-------------------------------------------------------------------------------------------------------------------|

| DELAWARE                                                                             |   | 38-7027828                          |
|--------------------------------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction of incorporation or organization of the Issuing Entity) |   | (I.R.S. EmployerIdentification No.) |

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| Item 1. | Business. |
|---------|-----------|

| Item 1A. | Risk Factors. |
|----------|---------------|

| Item 1B. | Unresolved Staff Comments. |
|----------|----------------------------|

| Item 2. | Properties. |
|---------|-------------|

| Item 3. | Legal Proceedings. |
|---------|--------------------|

| Item 4. | Submission of Matters to a Vote of Security Holders. |
|---------|------------------------------------------------------|

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| Item 5. | Market for Registrant's Common Equity and Related Stockholder Matters. |
|---------|------------------------------------------------------------------------|

|   | (a) | Not applicable. |
|--------|-----|-----------------|

|   | (b) | Not applicable. |
|--------|-----|-----------------|

| Item 6. | Selected Financial Data. |
|---------|--------------------------|

| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
|---------|----------------------------------------------------------------------------------------------|

| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk. |
|----------|-------------------------------------------------------------|

| Item 8. | Financial Statements and Supplementary Data. |
|---------|----------------------------------------------|

| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. |
|---------|---------------------------------------------------------------------------------------|

| Item 9A. | Controls and Procedures. |
|----------|--------------------------|

| Item 9A.(T) | Controls and Procedures. |
|-------------|--------------------------|

| Item 9B. | Other Information. |
|----------|--------------------|

| Item 10. | Directors and Executive Officers of the Registrant. |
|----------|-----------------------------------------------------|

| Item 11. | Executive Compensation. |
|----------|-------------------------|

| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|----------|-------------------------------------------------------------------------------------------------|

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| Item 13. | Certain Relationships and Related Transactions. |
|----------|-------------------------------------------------|

| Item 14. | Principal Accountant Fees and Services. |
|----------|-----------------------------------------|

|   | (a) | The following documents are filed as part of this report. |
|--------|-----|-----------------------------------------------------------|

|   | 33.1 | Report on Assessment of Compliance with Applicable Servicing Criteria for Asset-Backed Securities of Nissan Motor Acceptance Corporation |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | 33.2 | Management’s Assertion on Compliance with Regulation AB (U.S Bank National Association) |
|--------|------|-----------------------------------------------------------------------------------------------|

|   | 34.1 | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP) |
|--------|------|---------------------------------------------------------------------------------|

|   | 34.2 | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP) |
|--------|------|---------------------------------------------------------------------------------|

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|   | (a) | The following documents are filed as part of this report. |
|--------|-----|-----------------------------------------------------------|

|   | 35.1 | Servicer Compliance Statement of Nissan Motor Acceptance Corporation |
|--------|------|----------------------------------------------------------------------|

| Item 15. | Exhibits and Financial Statement Schedules. |
|----------|---------------------------------------------|

|   | (a)(1) | Not applicable. |
|--------|--------|-----------------|

|   | (a)(2) | Not applicable. |
|--------|--------|-----------------|

|   | (a)(3) | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | (b) | The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index. |
|--------|-----|-----------------------------------------------------------------------------------------------|

|   | (c) | Not applicable. |
|--------|-----|-----------------|

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| Exhibit No. |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Certificate of Formation of Nissan Auto Leasing LLC II ("NALL II")                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3.2         | Limited Liability Company Agreement of NALL II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.1         | Indenture, dated as of March 21, 2012, by and between the Issuing Entity, and the Indenture Trustee (incorporated by reference to Exhibit 4.1 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.1        | Agreement of Definitions, dated as of March 21, 2012, by and among the Issuing Entity, NILT Trust, as grantor, UTI Beneficiary and transferor, the Titling Trust, NMAC, in its individual capacity, as servicer and administrative agent, NALL II, NILT, Inc., as trustee, Wilmington Trust, National Association, as owner trustee, Wilmington Trust Company ("WTC"), as Delaware trustee, and U.S. Bank National Association (“U.S. Bank”), as trust agent and as Indenture Trustee (incorporated by reference to Exhibit 10.1 of Form 8-K, dated March 21, 2012, File No. 333-170956-04) |
| 10.2        | 2012-A SUBI Supplement, dated as of March 21, 2012, by and among NILT Trust, as grantor and UTI Beneficiary, NMAC, as servicer, NILT, Inc., as trustee, WTC, as Delaware trustee, and U.S. Bank, as trust agent (incorporated by reference to Exhibit 10.2 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                       |
| 10.3        | 2012-A Servicing Supplement, dated as of March 21, 2012, by and among the Titling Trust, NILT Trust, as UTI beneficiary, and NMAC, as servicer (incorporated by reference to Exhibit 10.3 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                                                        |
| 10.4        | Amended and Restated Trust Agreement for the Issuing Entity, dated as of March 21, 2012, by and between NALL II, as transferor (the “Transferor”) and the Owner Trustee (incorporated by reference to Exhibit 10.4 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                   |
| 10.5        | Trust Administration Agreement, dated as of March 21, 2012, by and among the Issuing Entity, NMAC, as administrative agent, the Transferor, and the Indenture Trustee (incorporated by reference to Exhibit 10.5 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                                 |
| 10.6        | Control Agreement, dated as of March 21, 2012, by and among the Issuing Entity, U.S. Bank, as indenture trustee and secured party, and U.S Bank, as securities intermediary (incorporated by reference to Exhibit 10.6 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                           |
| 10.7        | SUBI Certificate Transfer Agreement, dated as of March 21, 2012, by and between NILT Trust, as transferor, and NALL II, as transferee (incorporated by reference to Exhibit 10.7 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.8        | Trust SUBI Certificate Transfer Agreement, dated as of March 21, 2012, by and between NALL II, as transferor and the Issuing Entity, as transferee (incorporated by reference to Exhibit 10.8 of Form 8-K, dated March 21, 2012, File No. 333-170956-04)                                                                                                                                                                                                                                                                                                                                                                    |
| 31.1        | Certification of Senior Officer in Charge of the Servicing Function of the Servicer Pursuant to Rule 15d-14(d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 33.1        | Report on Assessment of Compliance With Applicable Servicing Criteria for Asset-Backed Securities of Nissan Motor Acceptance Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 33.2        | Management’s Assertion on Compliance With Regulation AB (U.S. Bank National Association)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 34.1        | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 34.2        | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 35.1        | Servicer Compliance Statement of Nissan Motor Acceptance Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 99.1        | Annual Servicer’s Certificate Provided by Nissan Motor Acceptance Corporation to Holders of Notes and Certificates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

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