EXHIBIT 33.1



Report on Assessment of Compliance with Applicable
Servicing Criteria



|1. | World Omni
    Financial Corp. (“WOFC”) is responsible for assessing compliance with the servicing criteria applicable to it under paragraph
    (d) of item 1122 of Regulation AB, as of and for the 12-month period ending December 31, 2021 (the “Reporting Period”),
    as set forth in Appendix A hereto. The transactions covered by this report consist of all asset backed securities transactions of
    automobile and light duty truck retail lease contracts sponsored by WOFC since January 1, 2006 (the “Platform”);
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|2. | WOFC has engaged certain
    vendors (the “Vendors”) to perform specific, limited or scripted activities, and WOFC elects to take responsibility for
    assessing compliance with the servicing criteria or portion of the servicing criteria applicable to such Vendors’ activities
    as set forth in Appendix A hereto;                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|3. | Except as set forth in
    paragraph 4 below, WOFC used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with
    the applicable servicing criteria;                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|4. | The criteria listed in
    the column titled “Inapplicable Servicing Criteria” on Appendix A hereto are inapplicable to WOFC based on the activities
    it performs, directly or through its Vendors, with respect to the Platform;                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|5. | WOFC has complied, in all
    material respects, with the applicable servicing criteria as of December 31, 2021 and for the Reporting Period with respect to the
    Platform taken as a whole;                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|6. | WOFC has not identified
    and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31,
    2021 and for the Reporting Period with respect to the Platform taken as a whole;                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|7. | WOFC has not identified
    any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria
    as of December 31, 2021 and for the Reporting Period with respect to the Platform taken as a whole; and                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|8. | PricewaterhouseCoopers
    LLP, a registered public accounting firm, has issued an attestation report on WOFC’s assessment of compliance with the applicable
    servicing criteria as of December 31, 2021 and for the Reporting Period.                                                                                                                                                                                                                                                                                          



March 25,
2022



| | WORLD OMNI FINANCIAL CORP.
| | --------------------------
| |                           
| | By:                       
| | Name:                     
| | Title:                    













APPENDIX A



|Servicing
    Criteria | Applicable
    
    Servicing Criteria                                                                                                                                                                                                                                                                                              | INAPPLICABLE
    Servicing 
    Criteria
|---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------
|Reference              | Criteria                                                                                                                                                                                                                                                                                                                            | Performed
    Directly
    by
    WOFC  
|                       | General
    Servicing Considerations                                                                                                                                                                                                                                                                                                |                                         
|1122(d)(1)(i)          | Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.                                                                                                                                                                    | X                                       
|1122(d)(1)(ii)         | If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s
    performance and compliance with such servicing activities.                                                                                                                        | X                                       
|1122(d)(1)(iii)        | Any
    requirements in the transaction agreements to maintain a back-up servicer for the asset backed security transactions of automobile
    and light duty truck retail lease contracts are maintained.                                                                                                                          |                                         
|1122(d)(1)(iv)         | A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting
    period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.                                                           |                                         
|1122(d)(1)(v)          | Aggregation
    of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.                                                                                                                                                                                         | X                                       
|                       | Cash
    Collection and Administration                                                                                                                                                                                                                                                                                              |                                         
|1122(d)(2)(i)          | Payments
    on asset backed security transactions of automobile and light duty truck retail lease contracts are deposited into the appropriate
    custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days
    specified in the transaction agreements. | X1                                      
|1122(d)(2)(ii)         | Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                           |                                         
|1122(d)(2)(iii)        | Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances,
    are made, reviewed and approved as specified in the transaction agreements.                                                                                                   |                                         










1Certain payments by obligors with respect to certain pool assets are deposited into the appropriate accounts by a third
party lockbox provider. WOFC has elected to take responsibility for assessing compliance by that vendor with that portion of the servicing
criterion under Item 1122(d)(2)(i) of Regulation AB that relates to that vendor’s activities.













|Servicing
    Criteria | Applicable
    
    Servicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | INAPPLICABLE
    Servicing 
    Criteria
|---------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------
|Reference              | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Performed
    Directly
    by
    WOFC  
|1122(d)(2)(iv)         | The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are
    separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | X                                       
|1122(d)(2)(v)          | Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes
    of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a
    foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.                                                                                                                                                                                                                                                                                                                                                                      | X                                       
|1122(d)(2)(vi)         | Unissued
    checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | X                                       
|1122(d)(2)(vii)        | Reconciliations
    are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank
    clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement
    cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than
    the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved
    within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.                                         | X                                       
|                       | Investor
    Remittances and Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                         
|1122(d)(3)(i)          | Reports
    to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable
    Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the
    transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements;
    (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s
    records as to the total unpaid principal balance and number of asset backed security transactions of automobile and light duty truck
    retail lease contracts serviced by the Servicer. | X                                       
|1122(d)(3)(ii)         | Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the
    transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | X2                                      
|1122(d)(3)(iii)        | Disbursements
    made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified
    in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | X2                                      










2Solely as it relates to allocations, remittances, and disbursements to the Indenture Trustee in accordance with the timeframes,
distributions priority and other terms set forth in the transaction agreements.













|Servicing
    Criteria | Applicable
    
    Servicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | INAPPLICABLE
    Servicing 
    Criteria
|---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------
|Reference              | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Performed
    Directly
    by
    WOFC  
|1122(d)(3)(iv)         | Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                               | X2                                      
|                       | Pool
    Asset Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                         
|1122(d)(4)(i)          | Collateral
    or security on asset backed security transactions of automobile and light duty truck retail lease contracts is maintained as required
    by the transaction agreements or related documents.                                                                                                                                                                                                                                                                                                  | X                                       
|1122(d)(4)(ii)         | Asset
    backed security transactions of automobile and light duty truck retail lease contracts and related documents are safeguarded as required
    by the transaction agreements                                                                                                                                                                                                                                                                                                                          | X3                                      
|1122(d)(4)(iii)        | Any
    additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements
    in the transaction agreements.                                                                                                                                                                                                                                                                                                                           | X                                       
|1122(d)(4)(iv)         | Payments
    on asset backed security transactions of automobile and light duty truck retail lease contracts, including any payoffs, made in accordance
    with the related documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt,
    or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g.,
    escrow) in accordance with the related asset backed security documents. | X1                                      
|1122(d)(4)(v)          | The
    Servicer’s records regarding the asset backed security transactions of automobile and light duty truck retail lease contracts
    agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                            | X                                       

|1122(d)(4)(vi) | Changes
    with respect to the terms or status of an obligor's asset backed security transactions (e.g., loan modifications or re-agings) are
    made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | X |  | 
|-------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - |  | 










3Safeguarding of documents with respect to certain pool assets are maintained by a third party vendor that provides document
imaging services with respect to those assets on behalf of WOFC. WOFC has elected to take responsibility for assessing compliance by
that vendor with that portion of the servicing criterion under Item 1122(d)(4)(ii) of Regulation AB that relates to that vendor’s
activities.











|Servicing
    Criteria | Applicable
    
    Servicing Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | INAPPLICABLE
    Servicing 
    Criteria
|---------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------
|Reference              | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Performed
    Directly
    by
    WOFC  
|1122(d)(4)(vii)        | Loss
    mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions,
    as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the
    transaction agreements.                                                                                                                                                                                                                                                                                                                                                               | X                                       
|1122(d)(4)(viii)       | Records
    documenting collection efforts are maintained during the period an asset backed security transactions of automobile and light duty
    truck retail lease contracts is delinquent in accordance with the transaction agreements. Such records are maintained on at least
    a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring
    delinquent asset backed security transactions including, for example, phone calls, letters and payment rescheduling plans in cases
    where delinquency is deemed temporary (e.g., illness or unemployment).                                     | X                                       
|1122(d)(4)(ix)         | Adjustments
    to interest rates or rates of return for asset backed security transactions of automobile and light duty truck retail lease contracts
    with variable rates are computed based on the related asset backed security documents.                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                         
|1122(d)(4)(x)          | Regarding
    any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s
    asset backed security transactions documents, on at least an annual basis, or such other period specified in the transaction agreements;
    (B) interest on such funds is paid, or credited, to obligors in accordance with applicable asset backed security transactions documents
    and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related asset backed
    security transactions, or such other number of days specified in the transaction agreements. |                                         
|1122(d)(4)(xi)         | Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as
    indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at
    least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                      |                                         
|1122(d)(4)(xii)        | Any
    late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds
    and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                         
|1122(d)(4)(xiii)       | Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such
    other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                         













|Servicing
    Criteria | Applicable
    
    Servicing Criteria                                                                                                                                                | INAPPLICABLE
    Servicing 
    Criteria
|---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------
|Reference              | Criteria                                                                                                                                                                              | Performed
    Directly
    by
    WOFC  
|1122(d)(4)(xiv)        | Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.                                                  | X                                       
|1122(d)(4)(xv)         | Any
    external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as
    set forth in the transaction agreements. |