EXHIBIT 33.2



[LOGO] UnionBank



MANAGEMENT’S REPORT ON ASSESSMENT
OF COMPLIANCE WITH SEC

REGULATION AB SERVICING CRITERIA



Union Bank, N.A. (the “Bank”),
a wholly-owned subsidiary of UnionBanCal Corporation, provides this assessment of compliance with the following applicable servicing
criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission. Management has determined
that the servicing criteria are applicable in regards to the servicing platform for the period as follows:



Platform: The retail installment
contracts for World Omni Automobile Lease Securitization Trust 2012-A (the “Platform”).



Applicable Servicing Criteria: All
servicing criteria set forth in Item 1122(d), to the extent required in the related transaction agreements or required by the Item
1122(d) servicing criteria in regards to the activities performed by the Bank, except for the following criteria: 1122(d) (1)(i),
(1)(ii), (1)(iii), (1)(iv), (2)(i), (2)(iii), (2)(vi), (2)(vii), (3)(i), (4)(i), (4)(ii), (4)(iii), (4)(iv), (4)(v), (4)(vi), (4)(vii),
(4)(viii), (4)(ix), (4)(x), (4)(xi), (4)(xii), (4)(xiii) (4)(xiv), and (4)(xv), which management has determined are not applicable
to the activities the Bank performs with respect to the Platform (“Applicable Servicing Criteria”).



Period: As of December 31, 2013
and for the period from January 1, 2013 to December 31, 2013 (the “Period”).



With respect to the Platform and the Period,
the Bank provides the following assertion of compliance with respect to the Applicable Servicing Criteria:



| | 1. | The Bank is responsible for assessing it’s compliance with the Applicable Servicing Criteria.
| | -- | ---------------------------------------------------------------------------------------------



| | 2. | The Bank has assessed compliance with the Applicable Servicing Criteria, as described above as
of and for the Period. In performing this assessment, management used the criteria set forth by the Securities and Exchange Commission
in paragraph (d) of Item 1122 of Regulation AB.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | The Bank was in compliance with the Applicable Servicing Criteria as of and for the Period in all
material respects.
| | -- | --------------------------------------------------------------------------------------------------------------------



Deloitte and Touch LLP, an independent
registered public accounting firm, has issued an attestation report with respect to the Bank’s foregoing assessment of compliance
as of and for the Period.



UNION BANK, N.A.



|By: | /s/ David Ursa             | 
|--- | -------------------------- | 
|    | David Ursa                 | 
|    | Senior Vice President      | 
|    |                            | 
|By: | /s/ Valerie Crain          | 
|    | Valerie Crain              | 
|    | Vice President and Manager | 



February 24, 2014



|Corporate Trust Division            |  | Tel. 646 452 2000
|----------------------------------- |  | -----------------
|1251 Avenue of the Americas-19th FL |  | Fax 646 452 2001 
|New York, NY 10020                  |  |                  



A member of MUFG, a global financial group