EXHIBIT 33.1



Certification Regarding Compliance with Applicable
Servicing Criteria



1.              New
Holland Credit Company, LLC (“New Holland”) 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, 2023 (the “Reporting
Period”), as set forth in Appendix A hereto. The transactions covered by this report include the asset backed securities transactions
related to the trusts listed on Appendix B hereto, for which New Holland acted as servicer involving equipment receivables (the “Platform”);



2.              New
Holland has engaged certain vendors (the “Vendors”) to perform specific, limited or scripted activities, and New Holland
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, New Holland 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 New Holland
based on the activities it performs, directly or through its Vendors, with respect to the Platform;



5.              New
Holland has complied, in all material respects, with the applicable servicing criteria to it as set forth on Appendix A hereto as of
December 31, 2023 and for the Reporting Period with respect to the Platform taken as a whole;



6.              New
Holland has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria
to them as set forth on Appendix A hereto as of December 31, 2023 and for the Reporting Period with respect to the Platform taken as
a whole;



7.              New
Holland has not identified any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable
servicing criteria to them as set forth on Appendix A hereto as of December 31, 2023 and for the Reporting Period with respect to the
Platform taken as a whole;



8.               None
of the Vendors are servicers as defined in Item 1101(j) of Regulation AB;



9.              New
Holland has policies and procedures in place designed to provide reasonable assurance that the Vendors’ activities comply in all
material respects with the servicing criteria applicable to such Vendors; and



10.            Deloitte
 & Touche LLP, an independent registered public accounting firm, has issued an attestation report on New Holland’s assessment
of compliance with the applicable servicing criteria as set forth on Appendix A hereto as of December 31, 2023 and for the Reporting
Period.











|March 27, 2024 |                                
|-------------- | -------------------------------
|               |                                
|               |                                
|               | New Holland Credit Company, LLC
|               |                                
|               |                                
|               | By:                            
|               | Name:                          
|               | Title:                         











APPENDIX A



|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA                                                                                                                                                                                                                                            |  | INAPPLICABLE
    SERVICING
    CRITERIA           
|------------------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------
|Reference          |  | Criteria                                                                                                                                                                                                                                                                  |  | Performed
    Directly
    by
    New 
    Holland
|                   |  | 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 pool assets 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 pool assets are deposited into the appropriate                                                                                                                                                                                                            |  | X                                                 













|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA |  | INAPPLICABLE
    SERVICING
    CRITERIA           
|------------------ |  | ------------------------------ |  | --------------------------------------------------
|Reference          |  | Criteria                       |  | Performed
    Directly
    by
    New 
    Holland



|                |  | 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.                                                                                                                                                                                                             |  |   |  |  |  |  
|--------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - |  |  |  | -
|1122(d)(2)(ii)  |  | Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                                                                   |  |   |  |  |  | X
|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.                                                                                                                                                           |  |   |  |  |  | X
|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,                                                                                                                                                                                                                                                                                  |  | X |  |  |  |  















|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA |  | INAPPLICABLE
    SERVICING
    CRITERIA           
|------------------ |  | ------------------------------ |  | --------------------------------------------------
|Reference          |  | Criteria                       |  | Performed
    Directly
    by
    New 
    Holland

|              |  | including custodial accounts and
    related bank clearing accounts. These reconciliations (A) are mathematically accurate; (B) are prepared within 30 calendar
    days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are 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.                                                   |  |   |  |  |  | 
|------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - |  |  |  | 
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |   |  |  |  | 
|              |  | 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 pool assets serviced by the Servicer. |  | X |  |  |  | 













|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA |  | INAPPLICABLE
    SERVICING
    CRITERIA           
|------------------ |  | ------------------------------ |  | --------------------------------------------------
|Reference          |  | Criteria                       |  | Performed
    Directly
    by
    New 
    Holland

|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.                                                                                                                                                |  | X |  |   |  | 
|--------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | - |  | - |  | 
|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.                                                                                                                                  |  | X |  |   |  | 
|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.                                                                                                                                                                          |  | X |  |   |  | 
|                |  |                                                                                                                                                                                                                                                                                                                          |  |   |  |   |  | 
|                |  | Pool
    Asset Administration                                                                                                                                                                                                                                                                                            |  |   |  |   |  | 
|                |  |                                                                                                                                                                                                                                                                                                                          |  |   |  |   |  | 
|1122(d)(4)(i)   |  | Collateral
    or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.                                                                                                                                                                                       |  | X |  | X |  | 
|1122(d)(4)(ii)  |  | Pool
    assets and related documents are safeguarded as required by the transaction agreements.                                                                                                                                                                                                                         |  | X |  |   |  | 
|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 pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable 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 |  | X |  |   |  | 













|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA |  | INAPPLICABLE
    SERVICING
    CRITERIA          
|------------------ |  | ------------------------------ |  | -------------------------------------------------
|Reference          |  | Criteria                       |  | Performed
    Directly
    by
    New
    Holland

|                 |  | principal, interest or
    other items (e.g., escrow) in accordance with the related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                     |  |   |  |  |  | 
|---------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | - |  |  |  | 
|1122(d)(4)(v)    |  | The
    servicer’s records regarding the pool assets 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 pool asset (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 |  |  |  | 
|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 a pool asset 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 pool assets 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 pool assets with                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | X |  |  |  | 











|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA |  | INAPPLICABLE
    SERVICING
    CRITERIA           
|------------------ |  | ------------------------------ |  | --------------------------------------------------
|Reference          |  | Criteria                       |  | Performed
    Directly
    by
    New 
    Holland

|                 |  | variable rates
    are computed based on the related pool asset 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
    pool asset 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 pool asset documents and state laws; and (C) such
    funds are returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days
    specified in the transaction agreements. |  |  |  |  |  | X
|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.                                                                                                                                                                                              |  |  |  |  |  | X
|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.                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  | X
|1122(d)(4)(xiii) |  | Disbursements made on behalf of an obligor are posted
    within two business
    days to the obligor’s                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |  |  |  |  | X











|SERVICING CRITERIA |  | APPLICABLE

SERVICING CRITERIA |  | INAPPLICABLE
    SERVICING
    CRITERIA           
|------------------ |  | ------------------------------ |  | --------------------------------------------------
|Reference          |  | Criteria                       |  | Performed
    Directly
    by
    New 
    Holland

|                |  | records maintained by the servicer, or such other number of days specified in the transaction agreements.                                                                             |  |   |  |  |  |  
|--------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - |  |  |  | -
|1122(d)(4)(xiv) |  | Delinquencies,
    charge-offs and uncollectable 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. |  |   |  |  |  | X











APPENDIX B

Asset backed securities transactions constituting
the Platform

Deal Name

|CNH Equipment Trust 2019-A
|--------------------------
|CNH Equipment Trust 2019-B
|CNH Equipment Trust 2019-C
|CNH Equipment Trust 2020-A
|CNH Equipment Trust 2021-A
|CNH Equipment Trust 2021-B
|CNH Equipment Trust 2021-C
|CNH Equipment Trust 2022-A
|CNH Equipment Trust 2022-B
|CNH Equipment Trust 2022-C
|CNH Equipment Trust 2023-A
|CNH Equipment Trust 2023-B