# EDGAR Filing Document

**Accession Number:** 0002109251
**File Stem:** 0001193125-26-038721
**Filing Date:** 2026-2
**Character Count:** 8449
**Document Hash:** 979c9a825986b11d1c4952d5f650d89d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-038721.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001193125-26-038721

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260204

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ledn SPV Depositor LLC
- **CENTRAL INDEX KEY:** 0002109251

**ORGANIZATION NAME:**
- **EIN:** 413574505
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08265
- **FILM NUMBER:** 26601132

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** (866) 403-5272

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 ADELAIDE ST. EAST
- **STREET 2:** 12TH FLOOR
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5C 2C5
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ledn SPV Depositor LLC
- **CENTRAL INDEX KEY:** 0002109251

**ORGANIZATION NAME:**
- **EIN:** 413574505
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** (866) 403-5272

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 ADELAIDE ST. EAST
- **STREET 2:** 12TH FLOOR
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5C 2C5
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ledn SPV Depositor LLC
- **CENTRAL INDEX KEY:** 0002109251

**ORGANIZATION NAME:**
- **EIN:** 413574505
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** (866) 403-5272

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 ADELAIDE ST. EAST
- **STREET 2:** 12TH FLOOR
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5C 2C5

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period<u> </u> to<u> </u>** 

**Date of Report (Date of earliest event reported)<u> </u>** 

**Commission File Number of securitizer:<u> </u>** 

**Central Index Key Number of securitizer:<u> </u>** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing.** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

**Central Index Key Number of depositor: 0002109251** 

## Ledn Issuer Trust 2026-1
**(Exact name of issuing entity as specified in its charter)** 

**Central Index Key Number of issuing entity (if applicable): Not applicable** 

**Central Index Key Number of underwriter (if applicable): Not applicable** 

**Kenneth Ng** 

**437-324-5855** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing** 

------

**INFORMATION TO BE INCLUDED IN THE REPORT** 

**<u>PART 1: REPRESENTATION AND WARRANTY INFORMATION</u>**

**N/A** 

**<u>PART 2: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS</u>**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer** 

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report dated February 4, 2026, obtained by Ledn SPV Depositor LLC, which report sets forth the findings and conclusions, as applicable, of Cherry Bekaert Advisory, LLC with respect to certain agreed upon procedures performed by Cherry Bekaert Advisory, LLC.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 5, 2026

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| | | |
|:---|:---|:---|
| LEDN SPV DEPOSITOR LLC | LEDN SPV DEPOSITOR LLC | LEDN SPV DEPOSITOR LLC |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Depositor) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Depositor) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Depositor) |
| By: | /s/ Kenneth Ng | /s/ Kenneth Ng |
|  | Name: | Kenneth Ng |
|  | Title: | Vice President, Legal and Compliance |

---

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**EXHIBIT INDEX** 

**Exhibit No. Description** 

[Exhibit 99.1 Independent Accountants' Report on Applying Agreed-Upon Procedures of Cherry Bekaert Advisory, LLC, dated February 4, 2026](d23502dex991.htm)

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g23502dsp005.jpg)

**Report of Independent Accountants** 

**on Applying Agreed-Upon Procedures** 

**LEDN 2026 -1** 

---

| | |
|:---|:---|
| **Ledn SPV Depositor LLC** | **February 4, 2026** |

---

Re: Ledn Issuer Trust 2026-1 (the "Issuer")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1) Type of assets that were reviewed.** 

Cherry Bekaert Advisory, LLC ("Cherry Bekaert"), a third-party due diligence provider, performed the review described below on behalf of Ledn SPV Depositor LLC ("Ledn"). In connection with the securitization identified as ("LEDN 2026-1") (the "Securitization"), the reviews included due diligence review on Consumer Loan Agreements (CLA), which was conducted on February 3, 2026 on CLAs originated between February 4, 2025 and December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2) Sample size of the assets reviewed.** 

The due diligence review consisted of around 4% random sample population of 200 CLAs out of 5411, with an aggregate CLA outstanding ending balance of $6,615,569.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3) Determination of the sample size and computation.** 

The sample population was determined and provided by Ledn (as identified by Item 2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4) Quality or integrity of information or data about the assets: review and methodology.** 

Cherry Bekaert compared data fields on the bid tape provided by the Client to the data found in the actual CLA file as captured by Cherry Bekaert. This comparison, when data was available, included the following 5 data fields:

---

| |
|:---|
| **Field Table** |
| LOAN_ID |
| LOAN_TERM |
| LOAN_INTEREST_RATE |
| LOAN_REQUESTED_AMOUNT |
| LOAN_ADMINISTRATION_FEE |

---

------

![LOGO](g23502dsp005.jpg)

**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Cherry Bekaert compared data fields on the loan tape provided by the Client to the data found in the actual CLA file as captured by Cherry Bekaert on the CLA diligence sample. Cherry Bekaert provided Client Data Discrepancy Report which show the differences between the tape data and the data captured by Cherry Bekaert during the diligence process.

Of the 200 CLAs reviewed, 1 unique CLA (by count) had a total of 2 different tape discrepancies across 2 data fields (1 CLA has had more than one). A blank or zero value on the data tape when an actual value was captured by Cherry Bekaert was not treated as a data variance.

---

| | | | |
|:---|:---|:---|:---|
| **Field Label** | **Loans With Discrepancy** | **Total Times Compared** | **% Variance** |
|  LOAN_TERM | 0 | 200 | 0% |
|  LOAN_INTEREST_RATE | 0 | 200 | 0% |
|  LOAN_REQUESTED_AMOUNT | 1 | 200 | 0.5% |
|  LOAN_ADMINISTRATION_FEE | 1 | 200 | 0.5% |

---