JPMORGANCHASE [OBJECT OMITTED]][GRAPHIC OMITTED]




 MANAGEMENT'S REPORT ON ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICING
                                    CRITERIA

         JPMorgan Chase Bank,  National  Association (the "Asserting  Party") is
responsible for assessing compliance as of September 30, 2006 and for the period
from January 1, 2006 through September 30, 2006 (the "Reporting  Period"),  with
the servicing  criteria set forth in Title 17, Section  229.1122 (d) of the Code
of Federal  Regulations  (the  "CFR"),  to the extent  required  by the  related
transaction   agreements  and  excluding  the  criteria  set  forth  in  17  CFR
229.1122(d)  (1)(ii)-(iv),  (2)(iii),  (2)(vi),  (4)(i)-(ii),  and (4)(iv)-(xiv)
which the Asserting  Party has concluded are not applicable to the activities it
performs with respect to the asset-backed securitization transactions covered by
this report (such  criteria,  after giving effect to the  exclusions  identified
above,  the  "Applicable  Servicing  Criteria").   This  report  covers  certain
asset-backed  securities  transactions  backed by  residential  mortgages,  home
equity loans, auto loans,  credit card receivables,  dealer floor plans,  retail
installment  contracts and manufactured housing contracts for which transactions
the  Asserting  Party  performs the  Applicable  Servicing  Criteria as trustee,
securities   administrator  or  paying  agent  that  were  registered  with  the
Securities  and Exchange  Commission  pursuant to the Securities Act of 1933, as
amended,  where the related asset-backed  securities were outstanding during the
reporting period (the "Platform"), as listed in Appendix A.

         The  Asserting  Party  has (i) used the  criteria  set  forth in 17 CFR
229.1122(d) to assess the compliance by the Asserting  Party with the Applicable
Servicing  Criteria for the Reporting Period and (ii) concluded that, other than
as identified on Appendix B, the Asserting  Party has complied,  in all material
respects,  with the Applicable  Servicing  Criteria as of September 30, 2006 and
for the Reporting Period with respect to the Platform, taken as a whole.

         PricewaterhouseCoopers LLP, an independent registered public accounting
firm,  has issued an  attestation  report  for the  Platform,  stating  that the
Asserting Party has complied with the Applicable Servicing Criteria,  except for
material  instances of non-compliance  identified on Appendix B, as of September
30, 2006 and for the Reporting Period.

JPMorgan Chase Bank, National Association



/s/ Kelly A. Mathieson
Kelly A. Mathieson, Managing Director
Date:  March 14, 2007



<PAGE>




                                   APPENDIX A
--------------------------------------------------------------------------------

                         BA Master Credit Card Trust II
                   Capital Auto Receivables Asset Trust 2006-1
                      Capital One Auto Finance Trust 2006-A
                      Capital One Auto Finance Trust 2006-B
                Capital One Prime Auto Receivables Trust, 2006-1
                      Centex Home Equity Loan Trust 2006-A
                          Chase Auto Owner Trust 2006-A
                          Chase Auto Owner Trust 2006-B
          Chase Credit Card Master Trust, Series 1996-2 (Class A and B)
          Chase Credit Card Master Trust, Series 1996-3 (Class A and B)
                  Chase Credit Card Master Trust, Series 2001-1
                  Chase Credit Card Master Trust, Series 2001-2
                  Chase Credit Card Master Trust, Series 2001-4
                  Chase Credit Card Master Trust, Series 2001-6
                  Chase Credit Card Master Trust, Series 2002-1
                  Chase Credit Card Master Trust, Series 2002-3
                  Chase Credit Card Master Trust, Series 2002-5
                  Chase Credit Card Master Trust, Series 2002-7
                  Chase Credit Card Master Trust, Series 2003-1
                  Chase Credit Card Master Trust, Series 2003-2
                  Chase Credit Card Master Trust, Series 2003-3
                  Chase Credit Card Master Trust, Series 2003-4
                  Chase Credit Card Master Trust, Series 2003-5
                  Chase Credit Card Master Trust, Series 2003-6
                  Chase Credit Card Master Trust, Series 2004-1
                  Chase Credit Card Master Trust, Series 2004-2
                   Chase Mortgage Finance Trust Series 2006-A1
                   Chase Mortgage Finance Trust Series 2006-S1
                   Chase Mortgage Finance Trust Series 2006-S2
                          ChaseFlex Trust Series 2006-1
                          ChaseFlex Trust Series 2006-2
                     Citigroup Mortgage Loan Trust 2006-CB3
           CNH Equipment Trust 2006-A
           CNH   Equipment   Trust   2006-B  CWHEQ
           Revolving  Home  Equity Loan  Trust,  Series  2006- F
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-A
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-B
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-C
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-D
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-E
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-G
           CWHEQ Revolving Home Equity Loan Trust, Series 2006-H
                        DaimlerChrysler Auto Trust 2006-A
            Ford Credit Floorplan Master Owner Trust A, Series 2006-3
            Ford Credit Floorplan Master Owner Trust A, Series 2006-4
                      GMACM Home Equity Loan Trust 2006-HE1
                      GMACM Home Equity Loan Trust 2006-HE2
                      GMACM Home Equity Loan Trust 2006-HE3
                      GMACM Home Equity Loan Trust 2006-HE4
                        GMACM Home Loan Trust 2006-HLTV1
                       GMACM Mortgage Loan Trust 2006-AR2
                            GS Auto Loan Trust 2006-1
                          GSAA Home Equity Trust 2006-1
                         GSAA Home Equity Trust 2006-12
                          GSAA Home Equity Trust 2006-3
                          GSAA Home Equity Trust 2006-5
                          GSAA Home Equity Trust 2006-6
                          GSAA Home Equity Trust 2006-9
                         GSR Mortgage Loan Trust 2006-4F
                    Honda Auto Receivables 2006-1 Owner Trust
                     IXIS Real Estate Capital Trust 2006-HE1
                     IXIS Real Estate Capital Trust 2006-HE2
                   J.P. Morgan Mortgage Acquisition Corp. 2006-FRE1
                   J.P. Morgan Mortgage Acquisition Corp. 2006-FRE2
                   J.P. Morgan Mortgage Acquisition Corp. 2006-HE1
                   J.P. Morgan Mortgage Acquisition Corp. 2006-WMC1
                   J.P. Morgan Mortgage Acquisition Trust 2006-ACC1
                   J.P. Morgan Mortgage Acquisition Trust 2006-CW1
                   J.P. Morgan Mortgage Acquisition Trust 2006-HE2
                   J.P. Morgan Mortgage Acquisition Trust 2006-NC1
                   J.P. Morgan Mortgage Acquisition Trust 2006-NC2
                   J.P. Morgan Mortgage Acquisition Trust 2006-RM1
                   J.P. Morgan Mortgage Acquisition Trust 2006-WMC2
                   J.P. Morgan Mortgage Acquisition Trust 2006-WMC3
                    Nationstar Home Equity Loan Trust 2006-B
                   Newcastle Mortgage Securities Trust 2006-1
                 NovaStar Mortgage Funding Trust, Series 2006-1
                 NovaStar Mortgage Funding Trust, Series 2006-2
                 NovaStar Mortgage Funding Trust, Series 2006-3
                NovaStar Mortgage Funding Trust, Series-2006-MTA1
                Origen Manufactured Housing Contract Trust 2006-A
                 Ownit Mortgage Loan Trust, Series 2006-1 Trust
                 Popular ABS Mortgage Pass-Through Trust 2006-A
                 Popular ABS Mortgage Pass-Through Trust 2006-B
                 Popular ABS Mortgage Pass-Through Trust 2006-C
                 Popular ABS Mortgage Pass-Through Trust 2006-D
                           RAAC Series 2006-SP1 Trust
                           RAAC Series 2006-SP2 Trust
                           RAAC Series 2006-SP3 Trust
                           RAMP Series 2006-RS1 Trust
                           RAMP Series 2006-RS2 Trust
                           RAMP Series 2006-RS3 Trust
                           RAMP Series 2006-RS4 Trust
                           RAMP Series 2006-RS5 Trust
                           RAMP Series 2006-RZ1 Trust
                           RAMP Series 2006-RZ2 Trust
                           RAMP Series 2006-RZ3 Trust
                           RAMP Series 2006-RZ4 Trust
                          RFMSII Series 2006-HSA1 Trust
                      The Home Equity Loan Trust 2006-HSA2
                      The Home Equity Loan Trust 2006-HSA3
                      The Home Equity Loan Trust 2006-HSA4
                      The Home Equity Loan Trust 2006-HSA5
                          The Home Loan Trust 2006-HI1
                          The Home Loan Trust 2006-HI2
                          The Home Loan Trust 2006-HI3
                          The Home Loan Trust 2006-HI4
                          USAA Auto Owner Trust 2006-1
                          USAA Auto Owner Trust 2006-2



<PAGE>

                                   APPENDIX B



                       Material Instances of Noncompliance

         During the Reporting  Period,  the Company has identified the following
         material instances of noncompliance the Applicable Servicing Criteria.

                  CFR  Item  1122(d)(3)(i):  Certain  monthly  investor  reports
                  omitted  information  required by the  transaction  agreements
                  and/or contained errors in the information presented.

                  CFR   Item    1122(d)(3)(ii):    Certain   monthly    investor
                  distributions  contained  errors as to amounts  due to certain
                  investors.

                               Remediation Efforts

         Errors and omissions were corrected and appropriate measures were taken
         to avoid similar errors and omissions.


<PAGE>



                JPMMORGANCHASE [OBJECT OMITTED]][GRAPHIC OMITTED]



         MANAGEMENT'S REPORT ON ASSESSMENT OF COMPLIANCE WITH APPLICABLE
                               SERVICING CRITERIA


         JPMorgan Chase Bank,  National  Association (the "Asserting  Party") is
responsible  for  assessing  compliance as of October 1, 2006 and for the period
from October 1, 2006 through  December 31, 2006 (the "Reporting  Period"),  with
the servicing  criteria set forth in Title 17, Section  229.1122 (d) of the Code
of Federal  Regulations  (the "CFR"),  "), to the extent required by the related
transaction  agreements  excluding the criteria set forth in 17 CFR  229.1122(d)
(1)(i)-(iv),  (2)(i)-(vi),  (3)(i)-(iv),  and  (4)(i)-(xv),  which the Asserting
Party has  concluded  are not  applicable  to the  activities  it performs  with
respect to the asset-backed  securitization  transactions covered by this report
(such  criteria,  after giving effect to the exclusions  identified  above,  the
"Applicable Servicing Criteria"). This report covers the asset-backed securities
transactions backed by residential  mortgages and home equity loans, auto loans,
credit cards, dealer floor plans, retail installment  contracts and manufactured
housing  contracts  for which  transactions  the  Asserting  Party  performs the
applicable  servicing  criteria,  that were  registered  with the Securities and
Exchange  Commission  pursuant to the Securities Act of 1933, as amended,  where
the related  asset-backed  securities were either (1) issued during the calendar
year ending  December 31, 2006 or (2) issued  prior to the calendar  year ending
December 31, 2006 and remain  subject to the  reporting  requirements  under the
Securities and Exchange Act of 1934, as amended (the  "Platform"),  as listed in
Appendix A.

         The  Asserting  Party  has (i) used the  criteria  set  forth in 17 CFR
229.1122(d) to assess the compliance by the Asserting  Party with the Applicable
Servicing  Criteria  for the  Reporting  Period  and  (ii)  concluded  that  the
Asserting  Party has complied,  in all material  respects,  with the  Applicable
Servicing  Criteria as of December  31, 2006 and for the  Reporting  Period with
respect to the Platform, taken as a whole.

         PricewaterhouseCoopers LLP, an independent registered public accounting
firm,  has issued an attestation  report for the Platform,  on our assessment of
compliance  with the Applicable  Servicing  Criteria as of December 31, 2006 and
for the Reporting Period as set forth in this report.

JPMorgan Chase Bank, National Association



/s/ Brian Goldman

Brian Goldman, Senior Vice President

Date:  March 12, 2007


<PAGE>



----------------------------------------------------------------
                                 APPENDIX A
----------------------------------------------------------------

BA Master Credit Card Trust II
Capital Auto Receivables Asset Trust 2006-1
Capital Auto Receivables Asset Trust 2006-2
Capital One Auto Finance Trust 2006-A
Capital One Auto Finance Trust 2006-B
Capital One Auto Finance Trust 2006-C
Capital One Prime Auto Receivables Trust 2006-2
Capital One Prime Auto Receivables Trust, 2006-1
Centex Home Equity Loan Trust 2006-A
Chase Auto Owner Trust 2006-A
Chase Auto Owner Trust 2006-B
Chase Credit Card Master Trust, Series 1996-2 (Class A and B)
Chase Credit Card Master Trust, Series 1996-3 (Class A and B)
Chase  Credit Card Master  Trust,  Series  2001-1
Chase  Credit Card Master  Trust,  Series  2001-2
Chase  Credit Card Master  Trust,  Series  2001-4
Chase  Credit Card Master  Trust,  Series  2001-6
Chase  Credit Card Master  Trust,  Series  2002-1
Chase  Credit Card Master  Trust,  Series  2002-3
Chase  Credit Card Master  Trust,  Series  2002-5
Chase  Credit Card Master  Trust,  Series  2002-7
Chase  Credit Card Master  Trust,  Series  2003-1
Chase  Credit Card Master  Trust,  Series  2003-2
Chase  Credit Card Master  Trust,  Series  2003-3
Chase  Credit Card Master  Trust,  Series  2003-4
Chase  Credit Card Master  Trust,  Series  2003-5
Chase  Credit Card Master  Trust,  Series  2003-6
Chase  Credit Card Master  Trust,  Series  2004-1
Chase Credit Card Master Trust, Series 2004-2
Chase  Mortgage  Finance  Trust  Series  2006-A1
Chase  Mortgage  Finance  Trust  Series  2006-S1
Chase  Mortgage  Finance  Trust  Series  2006-S2
Chase  Mortgage  Finance  Trust  Series  2006-S3
Chase Mortgage Finance Trust Series 2006-S4
ChaseFlex  Trust Series 2006-1  ChaseFlex
Trust Series 2006-2
Citigroup Mortgage Loan Trust 2006-CB3
CNH Equipment Trust 2006-A
CNH Equipment Trust 2006-B
CWHEQ Revolving Home Equity Loan Trust,  Series 2006-F
CWHEQ  Revolving  Home Equity  Loan  Trust,  Series 2006-A
CWHEQ Revolving Home Equity Loan Trust, Series 2006-B
CWHEQ Revolving Home Equity Loan Trust, Series  2006-C
CWHEQ Revolving Home Equity Loan Trust, Series  2006-D
CWHEQ Revolving Home Equity Loan Trust, Series  2006-E
CWHEQ Revolving Home Equity Loan Trust, Series  2006-G
CWHEQ Revolving Home Equity Loan Trust, Series  2006-H
CWHEQ Revolving Home Equity Loan Trust, Series  2006-I
DaimlerChrysler Auto Trust 2006-A
Ford Credit Floorplan Master Owner Trust A, Series 2006-3
Ford Credit Floorplan Master Owner Trust A, Series 2006-4
GE Equipment Midticket LLC, Series 2006-1
GMACM Home  Equity Loan Trust  2006-HE1
GMACM Home Equity Loan Trust  2006-HE2
GMACM Home Equity Loan Trust  2006-HE3
GMACM Home  Equity Loan Trust  2006-HE4
GMACM Home Equity Loan Trust 2006-HE5
GMACM Home Loan Trust 2006-HLTV1
GMACM Mortgage Loan Trust 2006-AR2
GS Auto  Loan  Trust  2006-1
GSAA Home Equity  Trust  2006-1
GSAA  Home  Equity Trust  2006-12
GSAA  Home  Equity  Trust  2006-3
GSAA Home Equity Trust 2006-5
GSAA Home Equity Trust 2006-6
GSAA Home Equity Trust 2006-9
GSR Mortgage Loan Trust 2006-4F
Honda Auto Receivables 2006-1 Owner Trust
IXIS Real Estate Capital Trust 2006-HE1
IXIS Real Estate Capital Trust 2006-HE2
J.P. Morgan Mortgage  Acquisition Corp.  2006-FRE1
J.P. Morgan Mortgage  Acquisition Corp.  2006-FRE2
J.P. Morgan Mortgage  Acquisition  Corp.  2006-HE1
J.P. Morgan Mortgage  Acquisition Corp.  2006-WMC1
J.P. Morgan Mortgage  Acquisition  Trust 2006-ACC1
J.P.  Morgan Mortgage  Acquisition  Trust 2006-CH1
J.P.  Morgan Mortgage  Acquisition  Trust 2006-CH2
J.P.  Morgan Mortgage  Acquisition  Trust 2006-CW1
J.P.  Morgan Mortgage  Acquisition  Trust 2006-HE2
J.P.  Morgan Mortgage  Acquisition  Trust 2006-HE3
J.P.  Morgan Mortgage  Acquisition  Trust 2006-NC1
J.P.  Morgan Mortgage  Acquisition  Trust 2006-NC2
J.P.  Morgan Mortgage  Acquisition  Trust 2006-RM1
J.P. Morgan Mortgage  Acquisition  Trust 2006-WMC2
J.P. Morgan Mortgage  Acquisition  Trust 2006-WMC3
J.P. Morgan Mortgage Acquisition Trust 2006-WMC4
Nationstar Home Equity Loan Trust 2006-B
Newcastle Mortgage Securities Trust 2006-1
NovaStar Mortgage Funding Trust, Series 2006-1
NovaStar Mortgage Funding Trust, Series 2006-2
NovaStar Mortgage Funding Trust, Series 2006-3
NovaStar Mortgage Funding Trust, Series-2006-MTA1
Origen Manufactured Housing Contract Trust 2006-A
Ownit  Mortgage  Loan Trust,  Series 2006-1 Trust
Popular ABS  Mortgage  Pass-Through  Trust 2006-A
Popular ABS  Mortgage  Pass-Through  Trust 2006-B
Popular ABS  Mortgage  Pass-Through  Trust 2006-C
Popular ABS  Mortgage  Pass-Through  Trust 2006-D
Popular ABS Mortgage Pass-Through Trust 2006-E
RAAC Series  2006-SP1 Trust
RAAC Series 2006-SP2  Trust
RAAC  Series  2006-SP3 Trust
RAMP Series  2006-RS1  Trust
RAMP Series  2006-RS2  Trust
RAMP Series  2006-RS3  Trust
RAMP Series  2006-RS4  Trust
RAMP Series  2006-RS5  Trust
RAMP Series  2006-RZ1  Trust
RAMP Series  2006-RZ2  Trust
RAMP Series  2006-RZ3  Trust
RAMP Series  2006-RZ4  Trust
RFMSII Series 2006-HSA1 Trust
The Home Equity Loan Trust  2006-HSA2
The Home Equity Loan Trust  2006-HSA3
The Home Equity Loan Trust  2006-HSA4
The Home Equity Loan Trust  2006-HSA5
The Home Loan  Trust  2006-HI1
The Home Loan  Trust  2006-HI2
The Home Loan Trust   2006-HI3
The Home Loan  Trust  2006-HI4
USAA Auto Owner  Trust  2006-1
USAA Auto Owner  Trust  2006-2


<PAGE>