**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

**FORM 10-K**

 

**x****                   ANNUAL REPORT PURSUANT TO SECTION 13OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

 

**For the fiscal year ended December 31,2008.**

 

**OR**

 

**o****                   TRANSITION REPORT PURSUANT TO SECTION 13OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

 

**CommissionFile Number of issuing entity: 333-130656-07**

 

**CNH EQUIPMENT TRUST 2008-B**

(Exact name of issuing entity as specified inits charter)

 

**Commission File Number of depositor:333-130656**

 

**CNH CAPITAL RECEIVABLES LLC**

(Exact name of depositor as specified in itscharter)

 

**CNH CAPITAL AMERICA LLC**

(Exact name of sponsor as specified in itscharter)

 

**Delaware**

(State or other jurisdiction of incorporationor organization of the issuing entity)

 

**26-6374136  (CNH Equipment Trust2008-B)**

**39-1995297 (CNH Capital Receivables LLC)**

(I.R.S. Employer Identification No.)

 

| **6900 Veterans Boulevard**              |       |       |
|------------------------------------------|------------|------------|
| **Burr Ridge, Illinois**                 | ** ** | **60527**  |
| (Address of principal executive offices) |       | (Zip Code) |

 

**(630) 887-2095**

(Registrant’s telephone number, includingarea code)

 

Securitiesregistered pursuant to Section 12(b) of the Act: **None**.

 

Securitiesregistered pursuant to Section 12(g) of the Act: **None**.

 

Indicate bycheck mark if the registrant is a well-known seasoned issuer, as defined in Rule 405of the Securities Act. Yes o No x

 

Indicate bycheck mark if the registrant is not required to file reports pursuant to Section 13or Section 15(d) of the Act. Yes o  No x

 

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

x Yes  o No

 

Indicate bycheck mark if disclosure of delinquent filers pursuant to Item 405 ofRegulation S-K (§ 229.405 of this chapter) is not contained herein, and willnot be contained, to the best of registrant’s knowledge, in definitive proxy orinformation statements incorporated by reference in Part III of this Form 10-Kor any amendment to this Form 10-K. x

 

Indicate bycheck mark whether the registrant is a large accelerated filer, an acceleratedfiler, a non-accelerated filer, or a smaller reporting company. See thedefinitions of “large accelerated filer,” “accelerated filer,” and “smallerreporting company” in Rule 12b-2 of the Exchange Act. Check one:

 
| Large  accelerated filer o                     | Accelerated  filer o         |
|------------------------------------------------|------------------------------|
| Non-accelerated  filer x                       | Smaller  Reporting Company o |
| (Do not  check if a smaller reporting company) |                         |

 

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

Yes o  No x

 

State theaggregate market value of the voting and non-voting common equity held bynon-affiliates computed by reference to the price at which the common equitywas last sold, or the average bid and asked price of such common equity, as ofthe last business day of the registrant’s most recently completed second fiscalquarter. **Registrant has no voting or non-voting commonequity outstanding held by non-affiliates.**

 

Indicate the number of sharesoutstanding of each of the registrant’s classes of common stock, as of the lastpracticable date.  **Notapplicable.**

 

DOCUMENTS INCORPORATED BY REFERENCE

 

List hereunderthe 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 isincorporated: (1) Any annual report to security holders; (2) Anyproxy 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 identificationpurposes (e.g., annual report to security holders for fiscal year ended December 24,1980).

 

**None.**

 

 

 

----

 

**PART I**

 

CNH Equipment Trust 2008-B (the “Trust”) is a trust established underthe laws of the State of Delaware by the Trust Agreement dated May 1, 2008between CNH Capital Receivables LLC (the “Seller”), and Wilmington TrustCompany, as trustee. New Holland Credit Company, LLC, (the “Servicer”), is theServicer under a Sale and Servicing Agreement (the “Sale and ServicingAgreement”) dated as of May 1, 2008 among the Servicer, the Seller and theTrust. The Trust issued $626,904,959  in aggregate principal amountof asset-backed notes, Classes A-1, A-2a, A-2b, A-3a, A-3b, A-4a, A-4b(collectively, the “Class A Notes”) and B (together with the Class ANotes, the “Notes”), pursuant to an Indenture dated as of May 1, 2008,between the Trust and The Bank of New York Trust Company, N.A., as indenturetrustee. Only the Class A Notes were publicly offered.  The Class B Notes were acquired by anaffiliate of the Seller, and the Seller initially retained ownership of thecertificates representing the ownership interest in the Trust (the “Certificates”).

 

The followingItems have been omitted in accordance with General Instruction J to Form 10-K:

 
| **Item 1.**  | **Business.**                                            |
|--------------|----------------------------------------------------------|
|         |                                                     |
| **Item 1A.** | **Risk Factors.**                                        |
|         |                                                     |
| **Item 2.**  | **Properties.**                                          |
|         |                                                     |
| **Item 3.**  | **Legal Proceedings.**                                   |
|         |                                                     |
| **Item 4.**  | **Submission of Matters to a Vote of Security Holders.** |
|         |                                                     |
| **Item 1B.** | **Unresolved Staff Comments.**Not Applicable.            |

 

**PART II**

 

The followingItems have been omitted in accordance with General Instruction J to Form 10-K:

 
| **Item 5.**  | **Market for Registrant’s Common Equity, Related Stockholder Matters  and Issuer Purchases of Equity Securities.** |
|--------------|-------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                    |
| **Item 6.**  | **Selected Financial Data.**                                                                                            |
|         |                                                                                                                    |
| **Item 7.**  | **Management’s Discussion and Analysis of Financial Condition and  Results of Operations.**                        |
|         |                                                                                                                    |
| **Item 7A.** | **Quantitative and Qualitative Disclosures About Market Risk.**                                                         |
|         |                                                                                                                    |
| **Item 8.**  | **Financial Statements and Supplementary Data.**                                                                        |
|         |                                                                                                                    |
| **Item 9.**  | **Changes in and Disagreements With Accountants on Accounting and**                                                     |

 

2

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| ** **      | **Financial Disclosure.**    |
|-----------------|------------------------------|
|            |                         |
| **Item 9A.**    | **Controls and Procedures.** |
|            |                         |
| **Item 9A(T).** | **Controls and Procedures.** |
|            |                         |
| **Item 9B.**    | **Other Information.**None.  |

 

**PART III**

 

The following Items have been omitted in accordance with GeneralInstruction J to Form 10-K:

 
| **Item 10.** | **Directors, Executive Officers and Corporate Governance.**                                          |
|--------------|------------------------------------------------------------------------------------------------------|
|         |                                                                                                 |
| **Item 11.** | **Executive Compensation.**                                                                          |
|         |                                                                                                 |
| **Item 12.** | **Security Ownership of Certain Beneficial Owners and Management and  Related Stockholder Matters.** |
|         |                                                                                                 |
| **Item 13.** | **Certain Relationships and Related Transactions, and Director  Independence.**                      |
|         |                                                                                                 |
| **Item 14.** | **Principal Accountant Fees and Services.**                                                          |

 

**PART IV**

 
| **Item 15.**                          | **Exhibits and Financial Statements Schedules.** |
|---------------------------------------|--------------------------------------------------|
| ** **                            | ** **                                       |
| (a)                                   | (1)                                              | Not  applicable. |
|                                  |                                             |   |
|                                  | (2)                                              | Not  applicable. |
|                                  |                                             |   |
|                                  | (3)                                              | The exhibits  filed in response to Item 601 of Regulation S-K are listed in the  Exhibit Index. |
|                                  |                                             |   |
| (b)     Exhibits. |                                             |

 
| **Exhibit  Number**   | ** ** | **Description**                                                                                                                                                                                        |
|-----------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **            | ** ** | ** **                                                                                                                                                                                             |
| **Exhibit 3.1:** |       | Certificate  of Formation of CNH Capital Receivables LLC (Filed as  Exhibit 3(a) to registrant’s Form S-3 filed on  December 23, 2005, and incorporated herein by reference). |
|                  |       |                                                                                                                                                                                                   |
| **Exhibit 3.2:** |       | Limited  Liability Company Agreement of CNH Capital Receivables LLC (Filed as  Exhibit 3(b) to registrant’s Form S-3 filed on  December 23, 2005, and                         |

 

3

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| **Exhibit  Number**   | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                                  |
|-----------------------|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **            |       | incorporated  herein by reference).                                                                                                                                                                                                                                                                                                                              |
| ** **            |       |                                                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.1:** |       | Indenture,  dated as of May 1, 2008, between CNH Equipment Trust 2008-B and The Bank  of New York Trust Company, N.A. (Filed as Exhibit 4.1 of the Trust’s  Current Report on Form 8-K filed on May 23, 2008, and incorporated  herein by reference).                                                                                   |
|                  |       |                                                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.2:** |       | Trust  Agreement, dated as of May 1, 2008, among CNH Capital Receivables LLC  and Wilmington Trust Company, as trustee (Filed as Exhibit 4.2 of the  Trust’s Current Report on Form 8-K filed on May 23, 2008, and incorporated  herein by reference).                                                                                  |
|                  |       |                                                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.3:** |       | Sale and  Servicing Agreement, dated as of May 1, 2008, among CNH Capital  Receivables LLC, New Holland Credit Company, LLC and CNH Equipment Trust  2008-B (Filed as Exhibit 4.3 of the Trust’s Current Report on  Form 8-K filed on May 23, 2008, and incorporated herein by  reference).                                             |
|                  |       |                                                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.4:** |       | Purchase  Agreement, dated as of May 1, 2008, between CNH Capital Receivables LLC  and CNH Capital America LLC (Filed as Exhibit 4.4 of the Trust’s Current  Report on Form 8-K filed on May 23, 2008, and incorporated herein  by reference).                                                                                          |
|                  |       |                                                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.5:** |       | Administration  Agreement, dated as of May 1, 2008, among New Holland Credit Company,  LLC, CNH Equipment Trust 2008-B, Wilmington Trust Company and The Bank of New  York Trust Company, N.A. (Filed as Exhibit 4.5 of the Trust’s Current  Report on Form 8-K filed on May 23, 2008, and incorporated herein  by reference).          |
|                  |       |                                                                                                                                                                                                                                                                                                                                                             |
| **Exhibit 4.6:** |       | Backup  Servicing Agreement, dated as of May 1, 2008, among CNH Capital  Receivables LLC, New Holland Credit Company, LLC, CNH Equipment Trust 2008-B  and Systems and Services Technologies, Inc. (Filed as Exhibit 4.6  of the Trust’s Current Report on Form 8-K filed on May 23, 2008,  and incorporated herein by reference). |
| ** **            | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.7:** |       | ISDA Master Agreement, dated as of May 14, 2008, between Bank of  America, N.A. and CNH Equipment Trust 2008-B (Filed as Exhibit 4.7 of  the Trust’s Current Report on Form 8-K filed on May 23, 2008, and  incorporated herein by reference).                                                                                          |
| ** **            | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                       |
| **Exhibit 4.8:** |       | Confirmation (Class A-2b Notes) to ISDA Master Agreement, dated  as of May 22, 2008, between CNH Equipment Trust 2008-B and Bank of  America, N.A. (Filed as Exhibit 4.8 of the Trust’s Current Report on  Form 8-K filed on May 23, 2008, and incorporated herein by reference).                                                  |

 

4

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| **Exhibit  Number**    | ** ** | **Description**                                                                                                                                                                                                                                                                                                                           |
|------------------------|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Exhibit 4.9:**  | ** ** | Confirmation  (Class A-3b Notes) to ISDA Master Agreement, dated as of May 22,  2008, between CNH Equipment Trust 2008-B and Bank of America, N.A. (Filed as  Exhibit 4.9 of the Trust’s Current Report on Form 8-K filed on  May 23, 2008, and incorporated herein by reference).                          |
| ** **             |       |                                                                                                                                                                                                                                                                                                                                      |
| **Exhibit 4.10:** |       | Confirmation  (Class A-4b Notes) to ISDA Master Agreement, dated as of May 22,  2008, between CNH Equipment Trust 2008-B and Bank of America, N.A. (Filed as  Exhibit 4.10 of the Trust’s Current Report on Form 8-K filed on  May 23, 2008, and incorporated herein by reference).                         |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.11:** |       | Schedule to the ISDA Master Agreement, dated as of May 14, 2008,  between CNH Equipment Trust 2008-B and Bank of America, N.A. (Filed as  Exhibit 4.11 of the Trust’s Current Report on Form 8-K filed on  May 23, 2008, and incorporated herein by reference).                                                  |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.12:** |       | ISDA Credit Support Annex to the Schedule to the ISDA Master Agreement,  dated as of May 14, 2008, between Bank of America, N.A. and CNH  Equipment Trust 2008-B (Filed as Exhibit 4.12 of the Trust’s Current  Report on Form 8-K filed on May 23, 2008, and incorporated herein  by reference).                |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 10.1:** |       | Underwriting  Agreement, dated as of May 14, 2008, among CNH Capital America LLC, CNH  Capital Receivables LLC, Banc of America Securities LLC and BNP Paribas  Securities Corp. (Filed as Exhibit 1.1 of the Trust’s Current Report on  Form 8-K filed on May 23, 2008, and incorporated herein by  reference). |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 31.1:** |       | Section 302  Certification.                                                                                                                                                                                                                                                                                                          |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 33.1:** |       | Certification  Regarding Compliance with Applicable Servicing Criteria (New Holland Credit  Company, LLC).                                                                                                                                                                                                                                |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 33.2:** |       | Assertion of  Compliance with Applicable Servicing Criteria (The Bank of New York Mellon  Trust Company, N.A., f/k/a The Bank of New York Trust Company, N.A.).                                                                                                                                                                           |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 34.1:** |       | Report of  Independent Registered Public Accounting Firm (Deloitte & Touche  LLP).                                                                                                                                                                                                                                               |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 34.2:** |       | Report of Independent  Registered Public Accounting Firm (KPMG LLP).                                                                                                                                                                                                                                                                      |
| ** **             | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 35.1:** |       | Servicing  Compliance Statement of New Holland Credit Company, LLC.                                                                                                                                                                                                                                                                       |

 

(c)      Omitted.

 

5

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***Substitute information provided in accordancewith General Instruction J to Form 10-K******:***

 

**Item1112(b) of Regulation AB. Significant Obligor Financial Information.**

 

No obligorrelating to the pool assets held by the issuing entity is a “significantobligor” as that term is defined in Regulation AB.

 

**Item1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Exceptfor Certain Derivatives Instruments.**

 

Based on thestandards set forth in Item 1114(b)(2) of Regulation AB, no information isrequired in response to this Item.

 

**Item1115(b) of Regulation AB. Certain Derivatives Instruments.**

 

Based on thestandards set forth in Item 1115(b) of Regulation AB, no information isrequired in response to this Item.

 

**Item1117 of Regulation AB. Legal Proceedings.**

 

The registrantknows of no material pending legal proceedings or material legal proceedingscontemplated by governmental authorities against any of the parties or propertyfor which Item 1117 of Regulation AB would require disclosure.

 

**Item1119 of Regulation AB. Affiliates and Certain Relationships and RelatedTransactions.**

 

Informationrequired by Item 1119 of Regulation AB has been omitted from this report on Form 10-Kin reliance on the Instruction to Item 1119 because such information has beenpreviously provided as permitted by the Instructions to Item 1119.

 

**Item1122 of Regulation AB. Compliance with Applicable Servicing Criteria.**

 

Each of NewHolland Credit Company, LLC (“NHCC”) and The Bank of New York Mellon TrustCompany, N.A. (“BNY”) (each, a “Servicing Participant”) have been identified bythe registrant as a party participating in the servicing function with respectto the pool assets held by the Trust. Each of the Servicing Participants hascompleted a report on assessment of compliance with the servicing criteriaapplicable to such Servicing Participant (each, a “Report on Assessment”). TheReport on Assessment provided by NHCC and the Report on Assessment provided byBNY are dated as of March 30, 2009 and February 27, 2009,respectively, and for a period consisting of the twelve months ended December 31,2008. Each Report on Assessment is attached as an exhibit to this Form 10-K.

 

In addition,each of the Servicing Participants has provided an attestation report (each, an“Attestation Report”) by an independent registered public accounting firmregarding its related Report on Assessment. Each Attestation Report is attachedas an exhibit to this Form 10-K.

 

6

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Except as setforth in the following two paragraphs, none of the Reports on Assessment or therelated Attestation Reports have identified (i) any material instances ofnoncompliance with the servicing criteria identified in such Report onAssessment as applicable to the related Servicing Participant or (ii) inthe case of NHCC, any material deficiency in NHCC’s policies and procedures tomonitor vendor compliance.

 

The NHCCReport on Assessment and related Attestation Report each identify the followingmaterial instance of noncompliance by NHCC with the servicing criteria applicableto NHCC as identified in the NHCC Report on Assessment:

 

Regulation ABItem 1122(d)(2)(vii): Certain custodial account and related bank clearingaccount reconciliations were not being prepared within thirty calendar daysafter the bank statement cutoff date and contained reconciling items that hadnot been resolved within ninety days of their original identification.Temporary internal delays in the availability of certain information causedcertain reconciliations to be completed beyond the 30 day timeframe. NHCCbelieves the issue has been resolved. The items not cleared in 90 days resulted from the volume oftransactions processed through the accounts. NHCC has ongoing initiatives designed to increase the certainty thataccount reconciliations are prepared within 30 calendar days after the bankstatement cutoff date and that reconciling items are cleared within 90 days oforiginal identification.

 

The BNY Reporton Assessment and related Attestation Report each identify the followingmaterial instance of noncompliance by BNY with the servicing criteriaapplicable to BNY identified in the BNY Report on Assessment:

 

With respectto Regulation AB Item 1122(d)(2)(i) (which contemplates that payments onpool assets are deposited into the appropriate custodial bank accounts andrelated bank clearing accounts no more than two business days of receipt, orsuch other number of days specified in the transaction agreements, theregistrant and NHCC were informed by BNY that:

 

During the reporting period, certain payments on pool assets were notdeposited into the appropriate segregated custodial bank account within thetime frame required by the related transaction documents.  The segregated account for each specifiedseries of securities was in existence prior to the time the deposits were to bemade into such account but such account was not utilized in all instances bythe Trustee as stated above. However, payments related to each specified seriesof securities were timely remitted to the investors in such series. Existingprocedures have been reviewed with staff to enable future payments to bedeposited into the segregated account for each specified series within theapplicable time frames.

 

Neither we norNHCC have independently verified the accuracy of BNY’s assertions or theadequacy of its remediation efforts; however, the registrant has been informedby BNY that the above instance of noncompliance by BNY was not in connectionwith the activities BNY performed relating to the CNH Equipment Trust 2008-B transaction.

 

7

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**Item1123 of Regulation AB. Servicer Compliance Statement.**

 

A ServicerCompliance Statement from an officer of New Holland Credit Company, LLC isincluded as an exhibit to this Report.

 

8

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**SIGNATURES**

 

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

 

March 30,2009

 
| ** ** | **CNH EQUIPMENT TRUST 2008-B** |
|------------|--------------------------------|
| ** ** | ** **                     |
|       | By:                            | New Holland  Credit Company, LLC, as |
|       |                           | Servicer |
|       |                           |   |
|       |                           |   |
|       | By:                            | /s/ Steven  C. Bierman |
|       | Name:                          | Steven C.  Bierman |
|       | Title:                         | President  (senior officer in charge of the   servicing function) |

 

**SUPPLEMENTALINFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(D) OFTHE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12OF THE ACT.**

 

**Noannual report or proxy materials have been sent to securityholders and theregistrant does not intend to furnish such report or proxy materials tosecurityholders subsequent to the filing of this Annual Report on Form 10-K.**

 

9

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**CNHEQUIPMENT TRUST 2008-B**

 

**EXHIBITINDEX**

 
| **Exhibit   Number** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                         |
|---------------------------|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                              |
| **Exhibit 3.1:**     |       | Certificate  of Formation of CNH Capital Receivables LLC (Filed as  Exhibit 3(a) to registrant’s Form S-3 filed on  December 23, 2005, and incorporated herein by reference).                                                                                                                                                  |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 3.2:**     |       | Limited  Liability Company Agreement of CNH Capital Receivables LLC (Filed as  Exhibit 3(b) to registrant’s Form S-3 filed on  December 23, 2005, and incorporated herein by reference).                                                                                                                                       |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 4.1:**     |       | Indenture,  dated as of May 1, 2008, between CNH Equipment Trust 2008-B and The Bank  of New York Trust Company, N.A. (Filed as Exhibit 4.1 of the Trust’s  Current Report on Form 8-K filed on May 23, 2008, and incorporated  herein by reference).                                                                          |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 4.2:**     |       | Trust  Agreement, dated as of May 1, 2008, among CNH Capital Receivables LLC  and Wilmington Trust Company, as trustee (Filed as Exhibit 4.2 of the  Trust’s Current Report on Form 8-K filed on May 23, 2008, and  incorporated herein by reference).                                                                         |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 4.3:**     |       | Sale and  Servicing Agreement, dated as of May 1, 2008, among CNH Capital Receivables  LLC, New Holland Credit Company, LLC and CNH Equipment Trust 2008-B (Filed as  Exhibit 4.3 of the Trust’s Current Report on Form 8-K filed on  May 23, 2008, and incorporated herein by reference).                                     |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 4.4:**     |       | Purchase  Agreement, dated as of May 1, 2008, between CNH Capital Receivables LLC  and CNH Capital America LLC (Filed as Exhibit 4.4 of the Trust’s Current  Report on Form 8-K filed on May 23, 2008, and incorporated herein  by reference).                                                                                 |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 4.5:**     |       | Administration  Agreement, dated as of May 1, 2008, among New Holland Credit Company,  LLC, CNH Equipment Trust 2008-B, Wilmington Trust Company and The Bank of New  York Trust Company, N.A. (Filed as Exhibit 4.5 of the Trust’s Current  Report on Form 8-K filed on May 23, 2008, and incorporated herein  by reference). |
|                      |       |                                                                                                                                                                                                                                                                                                                                                    |
| **Exhibit 4.6:**     |       | Backup  Servicing Agreement, dated as of May 1, 2008, among CNH Capital  Receivables LLC, New Holland Credit Company, LLC, CNH Equipment Trust 2008-B  and Systems and Services Technologies, Inc. (Filed as Exhibit 4.6  of the                                                                                                         |

 

10

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| **Exhibit   Number** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                           |
|---------------------------|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **                |       | Trust’s Current Report on Form 8-K filed on May 23, 2008,  and incorporated herein by reference).                                                                                                                                                                                                                          |
| ** **                |       |                                                                                                                                                                                                                                                                                                                                      |
| **Exhibit 4.7:**     |       | ISDA Master Agreement, dated as of May 14, 2008, between Bank of  America, N.A. and CNH Equipment Trust 2008-B (Filed as Exhibit 4.7 of  the Trust’s Current Report on Form 8-K filed on May 23, 2008, and  incorporated herein by reference).                                                                   |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.8:**     |       | Confirmation (Class A-2b Notes) to ISDA Master Agreement, dated  as of May 22, 2008, between CNH Equipment Trust 2008-B and Bank of  America, N.A. (Filed as Exhibit 4.8 of the Trust’s Current Report on  Form 8-K filed on May 23, 2008, and incorporated herein by  reference).                          |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.9:**     |       | Confirmation (Class A-3b Notes) to ISDA Master Agreement, dated  as of May 22, 2008, between CNH Equipment Trust 2008-B and Bank of  America, N.A. (Filed as Exhibit 4.9 of the Trust’s Current Report on  Form 8-K filed on May 23, 2008, and incorporated herein by reference).                           |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.10:**    |       | Confirmation  (Class A-4b Notes) to ISDA Master Agreement, dated as of May 22,  2008, between CNH Equipment Trust 2008-B and Bank of America, N.A. (Filed as  Exhibit 4.10 of the Trust’s Current Report on Form 8-K filed on  May 23, 2008, and incorporated herein by reference).                         |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.11:**    |       | Schedule to the ISDA Master Agreement, dated as of May 14, 2008,  between CNH Equipment Trust 2008-B and Bank of America, N.A. (Filed as  Exhibit 4.11 of the Trust’s Current Report on Form 8-K filed on  May 23, 2008, and incorporated herein by reference).                                                  |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 4.12:**    |       | ISDA Credit Support Annex to the Schedule to the ISDA Master  Agreement, dated as of May 14, 2008, between Bank of America, N.A. and  CNH Equipment Trust 2008-B (Filed as Exhibit 4.12 of the Trust’s Current  Report on Form 8-K filed on May 23, 2008, and incorporated herein  by reference).                |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 10.1:**    |       | Underwriting  Agreement, dated as of May 14, 2008, among CNH Capital America LLC, CNH  Capital Receivables LLC, Banc of America Securities LLC and BNP Paribas  Securities Corp. (Filed as Exhibit 1.1 of the Trust’s Current Report on  Form 8-K filed on May 23, 2008, and incorporated herein by  reference). |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 31.1:**    |       | Section 302  Certification.                                                                                                                                                                                                                                                                                                          |
| ** **                | ** ** | ** **                                                                                                                                                                                                                                                                                                                                |
| **Exhibit 33.1:**    |       | Certification  Regarding Compliance with Applicable Servicing Criteria (New Holland Credit  Company, LLC).                                                                                                                                                                                                                                |

 

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| **Exhibit   Number** | ** ** | **Description**                                                                                                                                                |
|---------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Exhibit 33.2:**    |       | Assertion of  Compliance with Applicable Servicing Criteria (The Bank of New York Mellon  Trust Company, N.A. f/k/a The Bank of New York Trust Company, N.A.). |
| ** **                | ** ** | ** **                                                                                                                                                     |
| **Exhibit 34.1:**    |       | Report of  Independent Registered Public Accounting Firm (Deloitte & Touche  LLP).                                                                    |
| ** **                | ** ** | ** **                                                                                                                                                     |
| **Exhibit 34.2:**    |       | Report of  Independent Registered Public Accounting Firm (KPMG LLP).                                                                                           |
| ** **                | ** ** | ** **                                                                                                                                                     |
| **Exhibit 35.1:**    |       | Servicing  Compliance Statement of New Holland Credit Company, LLC.                                                                                            |

 

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