UNITED STATESSECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10‐K

(Mark one)

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2018 OR

// TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934

For the transition period fromto










Commission file number:333-180779-13




Central Index Key Number of the issuing entity:0001629069




Morgan Stanley Bank of America Merrill Lynch Trust 2015-C20

(exact name of issuing entity as specified in its charter)




Central Index Key Number of the depositor:0001547361




Morgan Stanley Capital I Inc.

(exact name of the depositor as specified in its charter)




Central Index Key Number of the sponsor:0001541557




Morgan Stanley Mortgage Capital Holdings LLC

(exact names of the sponsors as specified in their charters)




Central Index Key Number of the sponsor:0001102113




Bank of America, National Association

(exact names of the sponsors as specified in their charters)




Central Index Key Number of the sponsor:0001548567




CIBC Inc.

(exact names of the sponsors as specified in their charters)

New York

   38‐395208638‐395208738‐395208838‐7127946(State or other jurisdiction of incorporation or organization)

   (I.R.S. Employer Identification Numbers)





c/o Wells Fargo Bank, N.A.

9062 Old Annapolis Road

Columbia, MD

(Address of principal executive offices)




21045

(Zip Code)




Telephone number, including area code:

(410) 884‐2000

Securities registered pursuant to Section 12(b) of the Act:





NONE.





Securities registered pursuant to Section 12(g) of the Act:





NONE.





Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.





Yes ___ No X





Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
Act.





Yes ___ No X





Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act
from their obligations under those Sections.





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.





Yes X No ___  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Not applicable.





Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not
contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.





Not applicable.





Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller
reporting company, or emerging growth company. See the definitions of "large accelerated filer", "accelerated filer," "smaller reporting company," and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer ___ Accelerated filer ___ Non-accelerated filer X (Do not check if a smaller reporting
company)Smaller reporting company ___  Emerging growth company ___  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Ex­change Act.  Not applicable.





Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).





Yes ___ No X





State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at
which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.





Not applicable.





Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.





Not applicable.





Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable
date.





Not applicable.





DOCUMENTS INCORPORATED BY REFERENCE





List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which
the document is incorporated: (1)Any annual report to security holders; (2) Any proxy or information statement; and (3)Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described
for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).





Not applicable.





EXPLANATORY NOTES





The MSBAM 2015-C20 mortgage pool includes the following mortgage loans, each of which is serviced pursuant to a separate pooling
and servicing agreement (each, an “Outside Pooling and Servicing Agreement”):• the Linc LIC mortgage loan and the One & Only Ocean Club mortgage loan, which are serviced pursuant to the MSBAM 2014-C19 pooling and servicing
agreement attached hereto as Exhibit 4.2.  Except as set forth below, each of the parties to each pooling and servicing agreement listed in the Exhibit Index both (1)
participates in the servicing function for purposes of Item 1122 of Regulation AB and (2) constitutes a servicer that meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB for purposes of Item 1123 of Regulation AB:  • The trustee under a pooling and servicing agreement has a nominal role with respect to the mortgage pool securitized
pursuant to such pooling and servicing agreement. The trustee’s only servicing function is the contingent obligation to make certain advances if the master servicer under such pooling and servicing agreement fails to do so, while all other
servicing functions are performed by other parties. The trustee under each of the pooling and servicing agreements listed in the Exhibit Index has confirmed to the registrant that it has not made any such contingent advances during the reporting period,
and consequently, each such trustee does not participate in the servicing function for purposes of Item 1122 of Regulation AB, nor does it perform the functions of a servicer for purposes of the definition of “servicer” under Item 1101 of
Regulation AB or for purposes of Item 1123 of Regulation AB.  • The certificate administrator under a pooling and servicing agreement performs various payment administration functions
solely for the securitization governed by such pooling and servicing agreement and the mortgage pool securitized pursuant to such pooling and servicing agreement and does not have any obligations with respect to any other transaction. Consequently, the
certificate administrator under an Outside Pooling and Servicing Agreement does not participate in the servicing function for purposes of Item 1122 of Regulation AB, nor does it perform the functions of a servicer for purposes of the definition of
“servicer” under Item 1101 of Regulation AB or for purposes of Item 1123 of Regulation AB.  • The operating advisor under a pooling and servicing agreement represents the interests of senior certificateholders in
the transaction governed by such pooling and servicing agreement and is responsible for monitoring the performance of the special servicer under such pooling and servicing agreement and producing certain reports to certificateholders relating to the
resolution of the mortgage pool securitized pursuant to such pooling and servicing agreement. The operating advisor under a pooling and servicing agreement does not have any obligations with respect to any other transaction and is solely obligated to
perform loan reporting functions with respect to the securitization governed by such pooling and servicing agreement.  Consequently, the operating advisor under an Outside Pooling and Servicing Agreement neither participates in the servicing
function for purposes of Item 1122 of Regulation AB nor performs the functions of a servicer for purposes of the definition of “servicer” under Item 1101 of Regulation AB or for purposes of Item 1123 of Regulation AB. In addition, while the
operating advisor under a pooling and servicing agreement has certain reporting obligations in respect of the related mortgage pool, it has no obligation to collect or disburse funds in respect of the mortgage pool or to administer any of the underlying
mortgage loans.  Consequently, the operating advisor under a pooling and servicing agreement participates in the servicing function for purposes of Item 1122 of Regulation AB, but is not responsible for the “management or collection of the
pool assets or making allocations or distributions to holders of the asset-backed securities” within the meaning of “servicer” under Item 1101 of Regulation AB and does not perform the functions of a servicer for purposes of Item 1123
of Regulation AB.  • Rialto Capital Advisors, LLC is the current special servicer under the MSBAM 2014-C20 pooling and servicing agreement. In
July 2018, CWCapital Asset Management LLC was replaced as special servicer under the MSBAM 2014-C20 pooling and servicing agreement and was succeeded by Rialto Capital Advisors, LLC.  • Wells Fargo Bank, National Association is the master servicer under the MSBAM 2014-C19 pooling and servicing agreement,
pursuant to which the Linc LIC mortgage loan and One & Only Ocean Club mortgage loan are serviced. Because Wells Fargo Bank, National Association is not the MSBAM 2015-C20 master servicer, is not affiliated with any sponsor and services only the Linc
LIC mortgage loan and One & Only Ocean Club mortgage loan, which constitute more than 5% but less than 10% of the mortgage pool, Wells Fargo Bank, National Association, as MSBAM 2014-C19 master servicer constitutes a reporting “servicing
function participant” for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3 to Item 1122, but does not constitute a reporting “servicer” for purposes of Item 1123 of Regulation AB, as specified in the Instruction
to Item 1123.  • Rialto Capital Advisors, LLC is the current special servicer under the MSBAM 2014-C19 pooling and servicing agreement. In
July 2018, CWCapital Asset Management LLC was replaced as special servicer under the MSBAM 2014-C19 pooling and servicing agreement and was succeeded by Rialto Capital Advisors, LLC. CWCapital Asset Management LLC remains the special servicer under the
MSBAM 2014-C19 pooling and servicing agreement solely with respect to the Linc LIC mortgage loan.  In addition, each of the following parties engaged the services of certain servicing function participants and sub-servicers
for the reporting period, as set forth below:• Wells Fargo Bank, National Association, as master servicer under the MSBAM 2014-C19 pooling and servicing agreement, pursuant to which the Linc LIC mortgage loan and One & Only Ocean Club
mortgage loan are serviced, engaged the services of CoreLogic Commercial Real Estate Services, Inc. and National Tax Search, LLC, in each case as a servicing function participant in respect of the Linc LIC mortgage loan and One & Only Ocean Club
mortgage loan for the reporting period.





PART IItem 1.

   Business.Omitted.Item 1A.

   Risk Factors.Omitted.Item 1B.

   Unresolved Staff Comments.None.Item 2.

   Properties.Omitted.Item 3.

   Legal Proceedings.Omitted.Item 4.

   Mine Safety Disclosures.Omitted.




PART IIItem 5.

   Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.Omitted.Item 6.

   Selected Financial Data.Omitted.Item 7.

   Management's Discussion and Analysis of Financial Condition and Results of Operations.Omitted.Item 7A.

   Quantitative and Qualitative Disclosures About Market Risk.Omitted.Item 8.

   Financial Statements and Supplementary Data.Omitted.Item 9.

   Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.Omitted.Item 9A.

   Controls and Procedures.Omitted.Item 9B.

   Other Information.None.




PART IIIItem 10.

   Directors, Executive Officers and Corporate Governance.Omitted.Item 11.

   Executive Compensation.Omitted.Item 12.

   Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.Omitted.Item 13.

   Certain Relationships and Related Transactions, and Director Independence.Omitted.Item 14.

   Principal Accounting Fees and Services.Omitted.





ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB




Item 1112(b) of Regulation AB, Significant Obligor Financial Information.





Not applicable.





Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.





No entity or group of affiliated entities provides any enhancement or other support for the certificates as described under Item 1114 (a)
of Regulation AB.





Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information).





No entity or group of affiliated entities provides any derivative instruments for the certificates as described under Item 1115 of
Regulation AB.





Item 1117 of Regulation AB, Legal Proceedings.





The registrant knows of no legal proceeding pending against the sponsors, depositor, trustee, issuing entity, servicer contemplated by Item
1108(a)(3) of Regulation AB, originator contemplated by Item 1110(b) of Regulation AB, or other party contemplated by Item 1100(d)(1) of Regulation AB, or of which any property of the foregoing is the subject, that is material to security holders, other
than as disclosed in the prospectus of the issuing entity filed in a 424(b)(5) filing dated January 29, 2015, and other than as follows:  Since June 18, 2014, a group of institutional investors have filed civil complaints in the Supreme Court of the State of New York, New York
County, and later the U.S. District Court for the Southern District of New York against Wells Fargo Bank, N.A., (“Wells Fargo Bank”) in its capacity as trustee for certain residential mortgage backed securities (“RMBS”) trusts.
The complaints against Wells Fargo Bank alleged that the trustee caused losses to investors and asserted causes of action based upon, among other things, the trustee's alleged failure to: (i) notify and enforce repurchase obligations of mortgage loan
sellers for purported breaches of representations and warranties, (ii) notify investors of alleged events of default, and (iii) abide by appropriate standards of care following alleged events of default. Relief sought included money damages in an
unspecified amount, reimbursement of expenses, and equitable relief. Wells Fargo Bank has reached an agreement, in which it denies any wrongdoing, to resolve these claims on a classwide basis for the 271 RMBS trusts currently at issue. The settlement
agreement is subject to court approval. Separate lawsuits against Wells Fargo Bank making similar allegations filed by certain other institutional investors concerning 57 RMBS trusts in New York federal and state court are not covered by the agreement.
With respect to the foregoing litigations, Wells Fargo Bank believes plaintiffs' claims are without merit and intends to contest the claims vigorously, but there can be no assurances as to the outcome of the litigations or the possible impact of the
litigations on Wells Fargo Bank or the RMBS trusts.  On December 17, 2015, U.S. Bank National Association, the trustee under five pooling and servicing agreements for (i) Wachovia Bank
Commercial Mortgage Trust 2007-C30, (ii) COBALT CMBS Commercial Trust 2007-C2, (iii) Wachovia Bank Commercial Mortgage Trust 2007-C31, (iv) ML-CFC Commercial Mortgage Trust 2007-5 and (v) ML-CFC Commercial Mortgage Trust 2007-6 commenced a proceeding
with the Second Judicial District Court of Ramsey County, Minnesota (the “State Court”) for a declaratory judgment as to the proper allocation of certain proceeds in the alleged amount of $560 million (“Disputed Proceeds”)
received by CWCAM in connection with the sale of the Peter Cooper Village and Stuyvesant Town property in New York, New York securing loans held by those trusts.  CWCAM was the special servicer of such property.  The petition requests the State
Court to instruct the trustee, the trust beneficiaries, and any other interested parties as to the amount of the Disputed Proceeds, if any, that constitute penalty interest and/or the amount of the Disputed Proceeds, if any, that constitute gain-on-sale
proceeds, with respect to each trust.  On February 24, 2016, CWCAM made a limited appearance with the State Court to file a motion to dismiss this proceeding based on lack of jurisdiction, mootness, standing and forum non conveniens.  On July
19, 2016, the State Court denied CWCAM’s motion to dismiss.  On July 22, 2016, the action was removed to federal court in Minnesota (“Federal Court”).  On October 21, 2016, the Federal Court held a hearing on the motion to
transfer the action to the United States District Court for the Southern District of New York (“SDNY Court”), a motion to remand to state court and a motion to hear CWCAM’s request for reconsideration of the motion to dismiss.  On
March 14, 2017, the Federal Court reserved the determination on the motion to hear CWCAM’s request for reconsideration of the motion to dismiss, denied the motion to remand the matter to state court and granted the motion to transfer the proceeding
to the SDNY Court.  All fact discovery was completed in December 2018 and expert discovery was completed on March 15, 2019.  There can be no assurances as to possible impact on CWCAM of these rulings and the transfer to the SDNY Court. 
Cross motions for judgment on the pleadings were filed but the SDNY Court was unable to decide the case based on the pleadings and the parties are in the midst of discovery.  However, CWCAM believes that it has performed its obligations under the
related pooling and servicing agreements in good faith, and that the Disputed Proceeds were properly allocated to CWCAM as penalty interest, and it intends to vigorously contest any claim that such Disputed Proceeds were improperly allocated as penalty
interest.  On March 31, 2016, RAIT Preferred Funding II LTD. (“RAIT Preferred Funding”) commenced a complaint (“RAIT
Complaint”) with the Supreme Court of the State of New York, County of New York (the “RAIT Court”), claiming it owns $18,500,000 of a mortgage loan secured by the development of the One Congress Street Property in Boston, Massachusetts
(the “Loan”) and seeking (a) a declaratory judgment stating that RAIT Preferred Funding is the directing lender under a co-lender agreement dated March 28, 2007 and a pooling and servicing agreement dated March 1, 2007 (collectively, the
“Operative Agreements”) and was the directing lender at the time of the improper modification of the Loan, (b) a declaratory judgment stating that RAIT Preferred Funding has the right to terminate the special servicer, (c) monetary damages
for the value of the bonds and fees paid to CWCAM as the special servicer of the Loan and (d) other things.  On May 17, 2016, CWCAM filed a motion to dismiss the RAIT Complaint (“Motion to Dismiss”) stating that the RAIT Complaint did
not state a claim and the essential facts of the RAIT Complaint are negated by affidavits and evidentiary materials submitted with the RAIT Complaint.  On June 14, 2016, RAIT Preferred Funding filed a Memorandum of Law in Opposition to the Motion to
Dismiss (“Opposition”) stating that the claims in the RAIT Complaint were properly stated.  On June 30, 2016, CWCAM filed a reply in support of the Motion to Dismiss and in response to the Opposition, stating that each of CWCAM’s
arguments is supported by the express language of the agreements between the parties, the documentary evidence and New York case law.  On September 30, 2016, RAIT Preferred Funding and CWCAM entered into a confidential Settlement Agreement (the
“2016 Settlement”), which provides for a stay of the RAIT Preferred Funding litigation (the “Litigation Stay”) through August 25, 2017.  Pursuant to the terms of the 2016 Settlement, upon satisfaction of a term of the 2016
Settlement by August 25, 2017 (or such later date agreed to by the parties), the RAIT Preferred Funding litigation will be dismissed, with prejudice.  On May 19, 2017 the Borrower repaid the Loan in accordance with the terms of the notes and
satisfied the condition to dismissal with prejudice.  RAIT has refused to dismiss the case and is claiming that the B Note should be paid in full.  CWCAM believes that it has performed its obligations under the Operative Agreements in good
faith, and that the action should be dismissed with prejudice.  On August 29, 2017, the RAIT Court granted leave to RAIT Preferred Funding to amend its complaint.  On September 20, 2017, RAIT Preferred Funding filed an Amended Complaint (the
“RAIT Amended Complaint”), which omits its original claims, adds Wells Fargo Bank as a defendant, and seeks (a) specific performance requiring repayment of the $18,500,000 principal amount of the B Note or, in the alternative, monetary
damages, including the $18,500,000 principal amount of the B Note, in an amount to be determined at trial, (b) monetary damages on any fees paid to CWCAM as special servicer or Wells Fargo Bank as master servicer in connection with the borrower’s
repayment of the Loan, (c) a declaratory judgment that RAIT Preferred Funding is entitled to recover the full $18,500,000 principal amount of the B Note, (d) punitive damages against CWCAM, and (e) other things.  On October 11, 2017, CWCAM filed a
motion to dismiss the RAIT Amended Complaint (“CWCAM Motion to Dismiss Amended Complaint”) stating that the RAIT Amended Complaint did not state a claim and the essential facts of the RAIT Amended Complaint are negated by the Operative
Agreements and other admissible evidentiary materials.  On November 13, 2017, Wells Fargo Bank filed a motion to dismiss the RAIT Amended Complaint (the “Wells Fargo Motion to Dismiss Amended Complaint”) and joined the CWCAM Motion to
Dismiss Amended Complaint.  On January 29, 2018, the court dismissed all claims but for breach of contract and discovery has commenced.  CWCAM filed a Motion for Summary Judgement on March 18, 2019.  On December 1, 2017, a complaint against CWCAM and others was filed in the United States District Court for the Southern District of New
York styled as CWCapital Cobalt Vr Ltd. v. CWCapital Investments LLC, et al., No. 17-cv-9463 (the “Original Complaint”). The gravamen of the Original Complaint alleged breaches of a contract and fiduciary duties by CWCAM’s affiliate,
CWCapital Investments LLC in its capacity as collateral manager for the collateralized debt obligation transaction involving CWCapital Cobalt Vr, Ltd. In total, there are 14 counts pled in the Original Complaint. Of those 14, 5 claims were asserted
against CWCAM for aiding and abetting breach of fiduciary duty, conversion and unjust enrichment. On May 23, 2018, the Original Complaint was dismissed for lack of subject matter jurisdiction.   On June 28, 2018, CWCapital Cobalt Vr Ltd. filed
a substantially similar complaint in the Supreme Court of the State of New York, County of New York styled as CWCapital Cobalt Vr Ltd. v. CWCapital Investments LLC, et al., Index No. 653277/2018 (the “New Complaint”).  The gravamen of
the New Complaint is the same as the previous complaint filed in the United State District Court for the Southern District of New York.  In total there are 16 counts pled in the New Complaint. Of those 16 counts, 4 claims were asserted against CWCAM
for aiding and abetting breach of fiduciary duty, conversion and unjust enrichment, 1 count seeks a declaratory judgement that the plaintiff has the right to enforce the contracts in question and 1 count seeks an injunction requiring the defendants to
recognize the plaintiff as the directing holder for the trusts in question. The New Complaint and related summons were not served on the defendants until July 13, 2018 and July 16, 2018.  The plaintiff’s motion for a preliminary injunction was
denied by the court on July 31, 2018.  On August 3, 2018, the defendants, including CWCAM, filed a motion to dismiss the New Complaint in its entirety, which has not been decided. CWCAM believes that it has performed its obligations under the
related pooling and servicing agreements in good faith and the allegations in the New Complaint are without merit.  CWCAM intends to vigorously contest each of the claims.





Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions.





In addition to the information regarding this item that has been disclosed in the prospectus of the issuing entity filed in a 424(b)(5)
filing dated January 29, 2015, Rialto Capital Advisors, LLC, the special servicer under the MSBAM 2014-C19 securitization, pursuant to which the Linc LIC mortgage loan and the One & Only Ocean Club mortgage loan are serviced, is also the special
servicer under the MSBAM 2014-C20 securitization.





Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.





The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such
assessments of compliance are attached hereto under Item 15.  The report on assessment of compliance with applicable servicing criteria furnished pursuant to Item 1122 of Regulation AB by Midland Loan
Services, a Division of PNC Bank National Association discloses that a material instance of noncompliance occurred, as described below:  Material Instance of Noncompliance  In certain instances, the Schedule AL Files (Item 1125 of Regulation AB) were not reported in accordance with the terms specified in
the transaction agreements, in conflict with Item 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”. The noncompliance consisted of omitted or inaccurately reported numbers due to the following: (1) the initial setup
files contained information at the asset level, and Midland was required to manually compile the information to present it at the loan level as required by Schedule AL; and (2) certain reporting requirements required manual processing by Midland,
including the use of various data computation formulas, quality control checks and analysis.  The identified instances did not involve the servicing of assets included in this securitization.  Steps Taken to Remedy the Material Instance of Noncompliance  Midland is currently remediating the Schedule AL reporting for the CMBS transactions found to be incorrect, and will be making
improvements to its systems, processes and procedures to support its Schedule AL reporting obligations.  The report on assessment of compliance with applicable servicing criteria furnished pursuant to Item 1122 of Regulation AB by CWCapital
Asset Management LLC (“CWCAM”) discloses that a material instance of noncompliance occurred, as described below:  Material Instance of Noncompliance:  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: (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 reconciling items; 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.”  The instance of material noncompliance, for the reporting period included a failure to complete the required bank reconciliations
within 30 calendar days after the bank statement cutoff date.  In five of the twelve months related to the reporting period, the required reconciliations were not completed within the 30 calendar days requirement as follows:  February 2018: bank reconciliations were prepared on June 22, 2018  March 2018: bank reconciliations were prepared on May 1, 2018  September 2018: bank reconciliations were prepared on November 6, 2018  November 2018: bank reconciliations were prepared on February 19, 2019  December 2018: bank reconciliations were prepared on February 6, 2019  The identified instances did involve the servicing of assets included in this securitization.  Steps Taken to Remedy the Material Instance of Noncompliance  In response to the lack of adherence to company policy and procedures, CWCAM’s Compliance Committee reviewed the reasons for
noncompliance and added two additional procedures to supplement its existing procedures:  1) the accounting department has added the completion of bank account reconciliations within 30 calendar days to its monthly closing
checklist, which is reviewed and signed off by a CWCAM officer; and  2) the Chief Financial Officer has set up a monthly electronic reminder requiring that the completed bank reconciliations be forwarded
to the CFO for an additional layer of review.


Item 1123 of Regulation AB, Servicer Compliance Statement.





The servicer compliance statements are attached hereto under Item 15.





PART IV




Item 15. Exhibits, Financial Statement Schedules.





(a) Exhibits.





(4.1)
Pooling and Servicing Agreement, dated as of January 1, 2015,
between Morgan Stanley Capital I Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Park Bridge Lender Services LLC, as trust advisor, and
Wells Fargo Bank, National Association, as trustee, custodian, certificate administrator, certificate registrar and authenticating agent (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K/A filed on June 10, 2015 under SEC File No.
333-180779-13 and incorporated by reference herein).  (4.2)
Pooling and Servicing Agreement, dated as of December 1, 2014,
between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Park Bridge Lender Services LLC, as trust advisor, Wilmington Trust, as trustee, and
Wells Fargo Bank, National Association, as custodian, certificate administrator, certificate registrar and authenticating agent, relating to the MSBAM 2014-C19 securitization transaction, pursuant to which the Linc LIC Mortgage Loan and the One &
Only Ocean Club Mortgage Loan are serviced (filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K/A filed on June 10, 2015 under SEC File No. 333-180779-13 and incorporated by reference herein).


(31)
Rule 13a-14(d)/15d-14(d) Certification.  (33)  Reports on assessment of compliance with servicing criteria for asset-backed securities. 33.1
Wells Fargo Bank, National Association, as Certificate Administrator 33.2
Wells Fargo Bank, National Association, as Custodian 33.3
Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer 33.4
CWCapital Asset Management LLC, as Special Servicer (from 1/1/18 to 7/4/18) 33.5
Rialto Capital Advisors, LLC, as Special Servicer (from 7/5/18 to 12/31/18) 33.6
Park Bridge Lender Services LLC, as Operating Advisor 33.7
Wells Fargo Bank, National Association, as Master Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans
were serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) 33.8
CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant under the MSBAM 2014-C19 securitization, pursuant to which the
following mortgage loans were serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) 33.9
National Tax Search, LLC, as Servicing Function Participant under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage
loans were serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) 33.10
CWCapital Asset Management LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) (see Exhibit 33.4) 33.11
CWCapital Asset Management LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: One & Only Ocean Club (from 1/1/18 to 7/4/18) (see Exhibit 33.4) 33.12
Rialto Capital Advisors, LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: One & Only Ocean Club (from 7/5/18 to 12/31/18) (see Exhibit 33.5) 33.13
Wells Fargo Bank, National Association, as Custodian under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) (see Exhibit 33.2)  (34). Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. 34.1
Wells Fargo Bank, National Association, as Certificate Administrator 34.2
Wells Fargo Bank, National Association, as Custodian 34.3
Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer 34.4
CWCapital Asset Management LLC, as Special Servicer (from 1/1/18 to 7/4/18) 34.5
Rialto Capital Advisors, LLC, as Special Servicer (from 7/5/18 to 12/31/18) 34.6
Park Bridge Lender Services LLC, as Operating Advisor 34.7
Wells Fargo Bank, National Association, as Master Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans
were serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) 34.8
CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant under the MSBAM 2014-C19 securitization, pursuant to which the
following mortgage loans were serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) 34.9
National Tax Search, LLC, as Servicing Function Participant under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage
loans were serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) 34.10
CWCapital Asset Management LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) (see Exhibit 34.4) 34.11
CWCapital Asset Management LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: One & Only Ocean Club (from 1/1/18 to 7/4/18) (see Exhibit 34.4) 34.12
Rialto Capital Advisors, LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: One & Only Ocean Club (from 7/5/18 to 12/31/18) (see Exhibit 34.5) 34.13
Wells Fargo Bank, National Association, as Custodian under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) (see Exhibit 34.2)  (35). Servicer compliance statement. 35.1
Wells Fargo Bank, National Association, as Certificate Administrator 35.2
Wells Fargo Bank, National Association, as Custodian 35.3
Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer 35.4
CWCapital Asset Management LLC, as Special Servicer (from 1/1/18 to 7/4/18) 35.5
Rialto Capital Advisors, LLC, as Special Servicer (from 7/5/18 to 12/31/18) 35.6
CWCapital Asset Management LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) 35.7
CWCapital Asset Management LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: One & Only Ocean Club (from 1/1/18 to 7/4/18) (see Exhibit 35.6) 35.8
Rialto Capital Advisors, LLC, as Special Servicer under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: One & Only Ocean Club (from 7/5/18 to 12/31/18) 35.9
Wells Fargo Bank, National Association, as Custodian under the MSBAM 2014-C19 securitization, pursuant to which the following mortgage loans were
serviced by such party: Linc LIC (from 1/1/18 to 12/31/18) and One & Only Ocean Club (from 1/1/18 to 12/31/18) (see Exhibit 35.2)


(99.1)
Mortgage Loan Purchase Agreement, dated January 23, 2015,
between Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K/A filed on June 10, 2015 under SEC File No. 333-180779-13 and incorporated by reference
herein).  (99.2)
Mortgage Loan Purchase Agreement, dated January 23, 2015,
between Morgan Stanley Capital I Inc. and Bank of America, National Association (filed as Exhibit 99.2 to the registrant's Current Report on Form 8-K/A filed on June 10, 2015 under SEC File No. 333-180779-13 and incorporated by reference
herein).  (99.3)
Mortgage Loan Purchase Agreement, dated January 23, 2015,
between Morgan Stanley Capital I Inc. and CIBC Inc. (filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K/A filed on June 10, 2015 under SEC File No. 333-180779-13 and incorporated by reference herein).  (b) See (a) above.





(c) Not applicable.


SIGNATURES





Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.





Morgan Stanley Capital I Inc.


(Depositor)





By: /s/ George Kok


George Kok, President


(senior officer in charge of securitization of the depositor)


Date: March 29, 2019