# EDGAR Filing Document

**Accession Number:** 0001523221
**File Stem:** 0001104659-23-008568
**Filing Date:** 2023-1
**Character Count:** 18095
**Document Hash:** b5ee3667067ade880e31987ce21ced98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-008568.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001104659-23-008568

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230131

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

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Solar Mosaic LLC
- **CENTRAL INDEX KEY:** 0001523221
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 611653655
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03109
- **FILM NUMBER:** 23572450

**BUSINESS ADDRESS:**
- **STREET 1:** 601 12TH STREET
- **STREET 2:** SUITE 325
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607
- **BUSINESS PHONE:** 510-292-4238

**MAIL ADDRESS:**
- **STREET 1:** 601 12TH STREET
- **STREET 2:** SUITE 325
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Solar Mosaic, Inc.
- **DATE OF NAME CHANGE:** 20110614
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Solar Mosaic LLC
- **CENTRAL INDEX KEY:** 0001523221
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 611653655
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 601 12TH STREET
- **STREET 2:** SUITE 325
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607
- **BUSINESS PHONE:** 510-292-4238

**MAIL ADDRESS:**
- **STREET 1:** 601 12TH STREET
- **STREET 2:** SUITE 325
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Solar Mosaic, Inc.
- **DATE OF NAME CHANGE:** 20110614
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Solar Mosaic LLC
- **CENTRAL INDEX KEY:** 0001523221
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 611653655
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03109

**BUSINESS ADDRESS:**
- **STREET 1:** 601 12TH STREET
- **STREET 2:** SUITE 325
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607
- **BUSINESS PHONE:** 510-292-4238

**MAIL ADDRESS:**
- **STREET 1:** 601 12TH STREET
- **STREET 2:** SUITE 325
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Solar Mosaic, Inc.
- **DATE OF NAME CHANGE:** 20110614

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G<br> ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> 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 _______ to _______

_____________________________****<br> (Exact name of securitizer as specified in its charter)

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| |
|:---|
| Date of Report (Date of earliest event reported) |
| Commission File Number of securitizer: |
| Central Index Key Number of securitizer: |

---

  <br> Name and telephone number, including area code, of the person to <br> 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)

 **<u>Mosaic Solar Loan Trust 2023-1</u> <br> (Exact name of issuing entity as specified in its charter)**

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| | |
|:---|:---|
| Central Index Key Number of depositor (if applicable): | 0001523221 |
| Central Index Key Number of issuing entity (if applicable): | 0001961992 |
| Central Index Key Number of underwriter (if applicable): | Not Applicable |

---

<u>Richard Johns, (510) 292-4238</u> <br> Name and telephone number, including area code, of the person to <br> contact in connection with this filing.

**PART II - FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

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

Attached as Exhibit 99.1 hereto is the Independent Accountants' Report on Applying Agreed-Upon Procedures, dated January 30, 2023, with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

**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.

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| | | |
|:---|:---|:---|
| Dated: January 31, 2023 |  |  |
|  | **SOLAR MOSAIC LLC** | **SOLAR MOSAIC LLC** |
|  | (Depositor) | (Depositor) |
|  | By: | /s/ Richard Johns |
|  | Name: | Richard Johns |
|  | Title: | Chief of Funding |

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| [**Exhibit 99.1**](tm234888d1_ex99-1.htm) | [Independent Accountants' Report on Applying Agreed-Upon Procedures, dated January 30, 2023.](tm234888d1_ex99-1.htm) |

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## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| ![](tm234888d1_ex99-1img001.jpg) | **Deloitte & Touche LLP**<br> Suite 400<br> Harborside Plaza 10<br> Jersey City, NJ 07311<br> USA<br>Tel: +1 212 937 8200<br> Fax: +1 212 937 8298<br> www.deloitte.com |

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Solar Mosaic LLC<br> 601 12<sup>th</sup> Street, Suite 325<br> Oakland, California 94607

**Independent Accountants' Report**

**<u>on Applying Agreed-Upon Procedures</u>**

We have performed the procedures described below, related to certain information with respect to a portfolio of solar assets in connection with the proposed offering of Mosaic Solar Loan Trust 2023-1 (the "Transaction"). Solar Mosaic LLC (the "Company") is responsible for the information provided to us, including the information set forth in the Subsequent Statistical Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Subsequent Statistical Data File. Additionally, SG Americas Securities, LLC (together with the Company, the "Specified Parties") has agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

For purposes of this report, capitalized terms used but not defined herein are used with the meanings as described in our report to you dated January 18, 2023, relating to the Statistical Data File for the Transaction.

**Agreed-Upon Procedures**

On January 23, 2023, representatives of the Company provided us with a solar asset listing (the "Solar Asset Listing") with respect to 6,748 solar assets. At the Company's instruction, we randomly selected 67 solar assets from the Solar Asset Listing that were not Sample Assets (the "Subsequent Sample Assets").

Further, on January 24, 2023, representatives of the Company provided us with a computer-generated data file and related record layout containing data, as represented to us by the Company as of the close of business December 31, 2022 with respect to each of the 6,748 solar asset set forth on the Solar Asset Listing (the "Subsequent Statistical Data File").

At the Company's instruction, we performed certain comparisons and recomputations for each of the Subsequent Sample Assets relating to the solar asset characteristics (the "Characteristics") set forth on the Subsequent Statistical Data File and indicated below.

**Member of**<br> Deloitte Touche Tohmatsu Limited<br>

**Characteristics**

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| | |
|:---|:---|
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;1. Loan ID (for informational purposes only)<br> &nbsp;&nbsp;&nbsp;&nbsp;2. State<br> &nbsp;&nbsp;&nbsp;&nbsp;3. Zip code<br> &nbsp;&nbsp;&nbsp;&nbsp;4. Current rate<br> &nbsp;&nbsp;&nbsp;&nbsp;5. Original term (years)<br> &nbsp;&nbsp;&nbsp;&nbsp;6. Installer<br> &nbsp;&nbsp;&nbsp;&nbsp;7. Original loan amount<sup>\*</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;8. Choice monthly payment<sup>\*</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;9. Re-amortized monthly payment<sup>\*</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;10. ITC amount<sup>\*@</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;11. Choice target date<sup>\*@</sup> | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;12. Origination date<sup>\*</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;13. First payment date<sup>\*</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;14. Maturity date<sup>\*</sup><br> &nbsp;&nbsp;&nbsp;&nbsp;15. Current principal balance<br> &nbsp;&nbsp;&nbsp;&nbsp;16. Estimated annual production (kWh)<br> &nbsp;&nbsp;&nbsp;&nbsp;17. Original FICO score<br> &nbsp;&nbsp;&nbsp;&nbsp;18. Number of days past due<br> &nbsp;&nbsp;&nbsp;&nbsp;19. Payment by ACH transfer (yes/no)<br> &nbsp;&nbsp;&nbsp;&nbsp;20. Age/seasoning (months)<br> &nbsp;&nbsp;&nbsp;&nbsp;21. Remaining term (months) |

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\* For Subsequent Sample Assets that indicated a "pto_approved_date" on the Subsequent Statistical Data File only

@ For Subsequent Sample Assets that have a "plus loan indicator" of "N" on the Subsequent Statistical Data File only.

We compared Characteristics 2. through 6. to the corresponding information set forth on or derived from the "Loan Agreement."

We compared Characteristics 7. through 14. to the corresponding information set forth on or derived from the Closing Certificate or Loan Adjustment (collectively, the "Closing Certificate").

We compared Characteristics 15. through 19. to the corresponding information set forth on or derived from electronic contract files, prepared, created, and delivered by the Company, from the Company's servicer system as of December 31, 2022 (collectively, the "Servicer System File").

With respect to our comparison of Characteristic 20., we recomputed the age/seasoning as the number of months between (i) origination date (as set forth on the Closing Certificate) and (ii) December 31, 2022.

With respect to our comparison of Characteristic 21., we recomputed the remaining term as the number of months between (i) December 31, 2022 and (ii) the maturity date (as set forth on the Closing Certificate).

For purposes of our procedures and at your instruction:

&nbsp;&nbsp;&nbsp;&nbsp;· with respect to our comparison of Characteristic 6., an installer of (i) "Spartan," as
set forth on the Subsequent Statistical Data File, is deemed to be "in agreement" with "Barnard Electric," as
set forth on the Loan Agreement; (ii) "Wolf River Electric," as set forth on the Subsequent Statistical Data File, is
deemed to be "in agreement" with "LTL LED," as set forth on the Loan Agreement, (iii) "Sun and Power,"
as set forth on the Subsequent Statistical Data File, is deemed to be "in agreement" with "Gaps Investment INC,"
as set forth on the Loan Agreement, and (iv) "Lumio," as set forth on the Subsequent Statistical Data File, is deemed
to be "in agreement" with "Atlantic Key Energy," as set forth on the Loan Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;· with respect to our comparison of Characteristics 8. and 9., differences of $5.00 or less are deemed to
be "in agreement." Further, with respect to our comparison of Characteristic 8, for the Subsequent Sample Asset indicated
in Appendix A, we observed a difference with respect to the choice monthly payment set forth on the Subsequent Statistical Data File when
compared to the choice monthly payment set forth on the Closing Certificate. For these Subsequent Sample Assets, we were instructed to
perform an additional procedure and compare the choice monthly payment set forth on the Subsequent Statistical Data File to the corresponding
information set forth on screen shots from the Company's servicing system (the "Servicing System Screen Shots"); and

&nbsp;&nbsp;&nbsp;&nbsp;· with respect to our comparison of Characteristic 10., differences of $250.00 or less are deemed to be
 "in agreement."

The solar asset documents described above, including any information obtained from the indicated servicer system, and any other related documents used in support of the Characteristics were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Asset Documents." We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Asset Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Asset Documents. In addition, we make no representations as to whether the Asset Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Subsequent Sample Assets.

**Agreed-Upon Procedures' Findings**

The results of the foregoing procedures indicated that the Characteristics set forth on the Subsequent Statistical Data File were found to be in agreement with the above mentioned Asset Documents.

\*\*\*\*\*\*

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the solar assets underlying the Subsequent Statistical Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the solar assets or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events and circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Subsequent Statistical Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLp

January 30, 2023

**Appendix A to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated January 30, 2023** **.**

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 8. for the following Subsequent Sample Assets:

213582 <br> <u>244401</u>

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.