June 3, 2009           American Honda Finance Corporation           By: /s/ Paul C. Honda       Name: Paul C. Honda      Title: Assistant Vice      President, and Compliance      Officer (senior officer in      charge of the servicing      function)  Signature page for Management’s Assessment of Compliance with Applicable Servicing Criteria
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APPENDIX A                   **INAPPLICABLE**    **APPLICABLE** **SERVICING**  **SERVICING CRITERIA** **SERVICING CRITERIA** **CRITERIA**        **Performed by**        **Performed** **subservicer(s)** **NOT**      **by** **or vendor(s)** **performed by**      **Vendor(s)** **for which** **AHFC or by**    **Performed** **for which** **AHFC is** **subservicer(s)**    **Directly** **AHFC is the** **NOT the** **or vendor(s)**    **by** **Responsible** **Responsible** **retained by****Reference** **Criteria** **AHFC** **Party** **Party** **AHFC**  **General Servicing Considerations**        1122(d)(1)(i) Policies and procedures areinstituted to monitor anyperformance or other triggers andevents of default in accordancewith the transaction agreements. **X**                 1122(d)(1)(ii) If any material servicingactivities are outsourced tothird parties, policies andprocedures are instituted tomonitor the third party’sperformance and compliance withsuch servicing activities. **X**                 1122(d)(1)(iii) Any requirements in thetransaction agreements tomaintain a back-up servicer forthe pool assets are maintained.       **X**           1122(d)(1)(iv) A fidelity bond and errors andomissions policy is in effect onthe party participating in theservicing function throughout thereporting period in the amount ofcoverage required by andotherwise in accordance with theterms of the transactionagreements.       **X**             **Cash Collection and Administration**                   1122(d)(2)(i) Payments on pool assets aredeposited into the appropriatecustodial bank accounts andrelated bank clearing accounts nomore than two business daysfollowing receipt, or such othernumber of days specified in thetransaction agreements. **X (1)** **X (1)**               1122(d)(2)(ii) Disbursements made via wiretransfer on behalf of an obligoror to an investor are made onlyby authorized personnel. **X (2)**   **X (2)**             1122(d)(2)(iii) Advances of funds or guaranteesregarding collections, cash flowsor distributions, and anyinterest or other fees chargedfor such advances, are made,reviewed and approved asspecified in the transactionagreements. **X**                 1122(d)(2)(iv) The related accounts for thetransaction, such as cash reserveaccounts or accounts establishedas a form ofovercollateralization, areseparately maintained (e.g., withrespect to commingling of cash)as set forth in the transactionagreements. **X**                 1122(d)(2)(v) Each custodial account ismaintained at a federally insureddepository institution as setforth in the transactionagreements. For purposes of thiscriterion, “federally insureddepository institution” withrespect to a foreign financialinstitution means a foreignfinancial institution that meetsthe requirements of Rule13k-1(b)(1) of the SecuritiesExchange Act. **X**                 1122(d)(2)(vi) Unissued checks are safeguardedso as to prevent unauthorizedaccess.       **X**
 

 
                   **INAPPLICABLE**    **APPLICABLE** **SERVICING**  **SERVICING CRITERIA** **SERVICING CRITERIA** **CRITERIA**        **Performed by**        **Performed** **subservicer(s)** **NOT**      **by** **or vendor(s)** **performed by**      **Vendor(s)** **for which** **AHFC or by**    **Performed** **for which** **AHFC is** **subservicer(s)**    **Directly** **AHFC is the** **NOT the** **or vendor(s)**    **by** **Responsible** **Responsible** **retained by****Reference** **Criteria** **AHFC** **Party** **Party** **AHFC**1122(d)(2)(vii) Reconciliations are prepared on amonthly basis for allasset-backed securities relatedbank accounts, includingcustodial accounts and relatedbank clearing accounts. Thesereconciliations are (A)mathematically accurate; (B)prepared within 30 calendar daysafter the bank statement cutoffdate, or such other number ofdays specified in the transactionagreements; (C) reviewed andapproved by someone other thanthe person who prepared thereconciliation; and (D) containexplanations for reconcilingitems. These reconciling itemsare resolved within 90 calendardays of their originalidentification, or such othernumber of days specified in thetransaction agreements. **X**                   **Investor Remittances andReporting**                   1122(d)(3)(i) Reports to investors, includingthose to be filed with theCommission, are maintained inaccordance with the transactionagreements and applicableCommission requirements.Specifically, such reports (A)are prepared in accordance withtimeframes and other terms setforth in the transactionagreements; (B) provideinformation calculated inaccordance with the termsspecified in the transactionagreements; (C) are filed withthe Commission as required by itsrules and regulations; and (D)agree with investors’ or thetrustee’s records as to the totalunpaid principal balance andnumber of pool assets serviced bythe Servicer. **X**                 1122(d)(3)(ii) Amounts due to investors areallocated and remitted inaccordance with timeframes,distribution priority and otherterms set forth in thetransaction agreements. **X (3)**   **X (3)**             1122(d)(3)(iii) Disbursements made to an investorare posted within two businessdays to the Servicer’s investorrecords, or such other number ofdays specified in the transactionagreements. **X (3)**   **X (3)**             1122(d)(3)(iv) Amounts remitted to investors perthe investor reports agree withcancelled checks, or other formof payment, or custodial bankstatements. **X (3)**   **X (3)**               **Pool AssetAdministration**                   1122(d)(4)(i) Collateral or security on poolassets is maintained as requiredby the transaction agreements orrelated mortgage loan documents. **X (4)**   **X (4)**             1122(d)(4)(ii) pool asset and related documentsare safeguarded as required bythe transaction agreements **X (4)**   **X (4)**             1122(d)(4)(iii) Any additions, removals orsubstitutions to the asset poolare made, reviewed and approvedin accordance with any conditionsor requirements in thetransaction agreements. **X**                 1122(d)(4)(iv) Payments on pool assets,including any payoffs, made inaccordance with the related poolasset documents are posted to theServicer’s obligor recordsmaintained no more than twobusiness days after receipt, orsuch other number of daysspecified in the transactionagreements, and allocated toprincipal, interest or otheritems (e.g., escrow) inaccordance with the related poolasset documents. **X (1)** **X (1)**               1122(d)(4)(v) The Servicer’s records regardingthe pool assets agree with theServicer’s records with respectto an obligor’s unpaid principalbalance. **X**      
 

 
                   **INAPPLICABLE**    **APPLICABLE** **SERVICING**  **SERVICING CRITERIA** **SERVICING CRITERIA** **CRITERIA**        **Performed by**        **Performed** **subservicer(s)** **NOT**      **by** **or vendor(s)** **performed by**      **Vendor(s)** **for which** **AHFC or by**    **Performed** **for which** **AHFC is** **subservicer(s)**    **Directly** **AHFC is the** **NOT the** **or vendor(s)**    **by** **Responsible** **Responsible** **retained by****Reference** **Criteria** **AHFC** **Party** **Party** **AHFC**1122(d)(4)(vi) Changes with respect to the termsor status of an obligor’s poolassets (e.g., loan modificationsor re-agings) are made, reviewedand approved by authorizedpersonnel in accordance with thetransaction agreements andrelated pool asset documents. **X**                 1122(d)(4)(vii) Loss mitigation or recoveryactions (e.g., forbearance plans,modifications and deeds in lieuof foreclosure, foreclosures andrepossessions, as applicable) areinitiated, conducted andconcluded in accordance with thetimeframes or other requirementsestablished by the transactionagreements. **X**                 1122(d)(4)(viii) Records documenting collectionefforts are maintained during theperiod a pool asset is delinquentin accordance with thetransaction agreements. Suchrecords are maintained on atleast a monthly basis, or suchother period specified in thetransaction agreements, anddescribe the entity’s activitiesin monitoring delinquent poolassets including, for example,phone calls, letters and paymentrescheduling plans in cases wheredelinquency is deemed temporary(e.g., illness or unemployment). **X**                 1122(d)(4)(ix) Adjustments to interest rates orrates of return for pool assetswith variable rates are computedbased on the related pool assetdocuments.       **X**           1122(d)(4)(x) Regarding any funds held in trustfor an obligor (such as escrowaccounts): (A) such funds areanalyzed, in accordance with theobligor’s [pool asset] documents,on at least an annual basis, orsuch other period specified inthe transaction agreements; (B)interest on such funds is paid,or credited, to obligors inaccordance with applicable poolasset documents and state laws;and (C) such funds are returnedto the obligor within 30 calendardays of full repayment of therelated pool assets, or suchother number of days specified inthe transaction agreements.       **X**           1122(d)(4)(xi) Payments made on behalf of anobligor (such as tax or insurancepayments) are made on or beforethe related penalty or expirationdates, as indicated on theappropriate bills or notices forsuch payments, provided that suchsupport has been received by theServicer at least 30 calendardays prior to these dates, orsuch other number of daysspecified in the transactionagreements.       **X**           1122(d)(4)(xii) Any late payment penalties inconnection with any payment to bemade on behalf of an obligor arepaid from the Servicer’s fundsand not charged to the obligor,unless the late payment was dueto the obligor’s error oromission.       **X**           1122(d)(4)(xiii) Disbursements made on behalf ofan obligor are posted within twobusiness days to the obligor’srecords maintained by theServicer, or such other number ofdays specified in the transactionagreements.       **X**           1122(d)(4)(xiv) Delinquencies, charge-offs anduncollectible accounts arerecognized and recorded inaccordance with the transactionagreements. **X**                 1122(d)(4)(xv) Any external enhancement or othersupport, identified in Item1114(a)(1) through (3) or Item1115 of Regulation AB, ismaintained as set forth in thetransaction agreements. **X**      
 

 
Footnote 1 — 1122(d)(2)(i) and 1122(d)(4)(iv) are performed directly by AHFC only as it relates tothe recording and application of borrower payments. The initial processing of cash receipts at thelockbox was performed by a vendor that did not provide an Item 1122 attestation report and forwhich AHFC has elected to take responsibility.Footnote 2 — AHFC’s responsibility relating to criteria 1122(d)(2)(ii) is limited to wiredisbursements to the Indenture Trustee (as defined in the transaction agreements). The IndentureTrustee has provided a separate Regulation AB 1122(d) Management Assessment and related attestationreport.Footnote 3 — AHFC’s responsibility relating to criteria 1122(d)(3)(ii), 1122(d)(3)(iii), and1122(d)(3)(iv) is limited to amounts remitted to the Indenture Trustee (as defined in thetransaction agreements), rather than the investor, as set forth in the transaction agreements. TheIndenture Trustee has provided a separate Regulation AB 1122(d) Management Assessment and relatedattestation report.Footnote 4 — AHFC has outsourced maintenance and safeguarding of the titling and registering ofvehicles through online services made available by the motor vehicle administrations in variousstates to FDI Computer Consulting, Inc. (a Vendor) which has provided a separate Regulation AB1122(d) Management Assessment and related attestation report and for which AHFC elects not to takeresponsibility. AHFC is responsible for maintenance and safeguarding of all other collateral andrelated documents.