# EDGAR Filing Document

**Accession Number:** 0001631080
**File Stem:** 0001104659-25-085765
**Filing Date:** 2025-8
**Character Count:** 21341
**Document Hash:** 9d207deb87bcff85fe306f592c89ff5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-085765.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001104659-25-085765

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250829

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

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elara Depositor, LLC
- **CENTRAL INDEX KEY:** 0001631080

**ORGANIZATION NAME:**
- **EIN:** 471885776
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01850
- **FILM NUMBER:** 251281749

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 469-554-7905

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elara Depositor, LLC
- **CENTRAL INDEX KEY:** 0001631080

**ORGANIZATION NAME:**
- **EIN:** 471885776
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 469-554-7905

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER REPORT**

**Pursuant to Section 15G of the<br> Securities Exchange Act of 1934**

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

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| | |
|:---|:---|
| ◻ | **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) ______________**

**Commission File Number of securitizer: ______________**

**Central Index Key Number of securitizer: ______________**

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

**Elara HGV Timeshare Issuer 2025-A, LLC**

**(Exact name of issuing entity as specified in its charter)**

**Central Index Key Number of depositor: 0001631080**

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

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

**Matthew Vizza**

**Managing Director and Vice President <br> Elara Depositor, LLC**

**(212) 583-5000**

**Name and telephone number, including area code, of the person<br> to contact in connection with this filing**

---

| | |
|:---|:---|
| **Item 2.01** | **<u>Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer</u>.** |

---

Attached as [<u>Exhibit 99.1</u>](tm2524792d1_ex99-1.htm) hereto is the Report of Independent Accountants on Applying Agreed-Upon Procedures, dated August 29, 2025, obtained by the depositor with respect to certain agreed-upon procedures performed by KPMG 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.

---

| | |
|:---|:---|
| ELARA DEPOSITOR, LLC | ELARA DEPOSITOR, LLC |
| (Depositor) | (Depositor) |
| By: | /s/ Matthew Vizza |
| Name: | Matthew Vizza |
| Title: | Managing Director and Vice President |

---

Date: August 29, 2025

[Exhibit 99.1 follows]

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](tm2524792d1_ex99-1img001.jpg) | <br>KPMG LLP |
| ![](tm2524792d1_ex99-1img001.jpg) | Suite 700 |
| ![](tm2524792d1_ex99-1img001.jpg) | 20 Pacifica |
| ![](tm2524792d1_ex99-1img001.jpg) | Irvine, CA 92618-3391 |

---

**Independent Accountants' Agreed-Upon Procedures Report**

LV Tower 52, LLC (the "Company")

Grand Vacation Services LLC (the "Servicer")

BofA Securities, Inc.

Wells Fargo Securities, LLC

(together, the "Specified Parties")

Re: Elara HGV Timeshare Issuer 2025-A, LLC – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "Elara 2025-A ABS Final Pool Cut 7.31.2025 vF.xlsx" provided by the Servicer on August 22, 2025, on behalf of the Company, containing information on 5,131 timeshare loans (the "Timeshare Loans") as of July 31, 2025 (the "Data File"), which we were informed are intended to be included as collateral in the offering by Elara HGV Timeshare Issuer 2025-A, LLC. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;● The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated.
Such compared information was deemed to be in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement,
unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "reporting threshold" means that dollar amounts, percentages, and months were within $1.00, 0.1%, and 1 month,
respectively.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "Sample Selection File" means an electronic data file entitled "EHGVT 2025-A Loan IDs_073125.xlsx"
provided by the Servicer on August 13, 2025, on behalf of the Company, containing unique loan identification numbers for 5,131 Timeshare
Loans as of July 31, 2025 *,* which we were informed are intended to be included as collateral in the offering by Elara HGV Timeshare
Issuer 2025-A, LLC.

KPMG LLP, a Delaware limited liability partnership and a member firm of<br> the KPMG global organization of independent member firms affiliated with<br> KPMG International Limited, a private English company limited by guarantee.

![](tm2524792d1_ex99-1img002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;● The term "Timeshare Contracts" means some or all of the following documents: promissory note, purchase agreement, purchase
and security agreement, purchase proposal, truth in lending disclosure, purchase agreement addendum, revision of terms, and/or other related
documents.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "System Screenshots" means extracts of customer records (including, but not limited to, addresses, interest rates,
payment dates, and payment amounts) that the Servicer informed us were extracted from its asset management systems.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "Credit Report" means a report identifying the credit score of the Timeshare Contract borrowers.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "Source Documents" means the following information provided by the Servicer on behalf of the Company: Timeshare
Contracts, System Screenshots, and Credit Report. The Source Documents were represented by the Company to be either electronic copies
of the original Source Documents and/or electronic representations of the records contained within the Company or the Servicer's
systems. We make no representation regarding the validity, enforceability, authenticity, or accuracy of the information in the documents,
or the documents themselves, or the execution of the Timeshare Contracts by the borrower.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "Instructions" means the instructions provided by the Servicer on behalf of the Company pertaining to a procedure,
attribute, or methodology, as described in Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;● The term "Provided Information" means the Sample Selection File, Source Documents, and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;A. We randomly selected a sample of 100 Timeshare Loans from the Sample Selection File (the "Sample Loans"). A listing of
the Sample Loans is attached hereto as Exhibit B. For purposes of this procedure, the Company did not inform us of the basis they
used to determine the number of Timeshare Loans we were instructed to randomly select from the Sample Selection File.

&nbsp;&nbsp;&nbsp;&nbsp;B. For each Sample Loan, we compared or recomputed the specified attributes in the Data File listed below to or using the corresponding
information included in the Source Documents listed below in the Provided Information column, utilizing the Instructions, as applicable.
The Specified Parties indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated
information from the Data File to the Source Documents for each of the attributes identified, utilizing the Instructions as applicable,
constituted an exception. The Source Documents are listed in the order of priority.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loan Attribute** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Provided Information** |
| &nbsp;&nbsp;Loan ID | &nbsp;&nbsp;Timeshare Contracts |
| &nbsp;&nbsp;Borrower State | &nbsp;&nbsp;Timeshare Contracts, System Screenshots |
| &nbsp;&nbsp;Borrower Country | &nbsp;&nbsp;Timeshare Contracts, System Screenshots |
| &nbsp;&nbsp;Sales Price | &nbsp;&nbsp;Timeshare Contracts |
| &nbsp;&nbsp;Equity Transferred | &nbsp;&nbsp;Timeshare Contracts |
| &nbsp;&nbsp;Original Term | &nbsp;&nbsp;Timeshare Contracts and Instructions |

---

![](tm2524792d1_ex99-1img002.jpg)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loan Attribute** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Provided Information** |
| &nbsp;&nbsp;Date of Sale | &nbsp;&nbsp;Timeshare Contracts |
| &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;Timeshare Contracts |
| &nbsp;&nbsp;Cash Down Payment | &nbsp;&nbsp;Timeshare Contracts and Instructions |
| &nbsp;&nbsp;Interest Rate | &nbsp;&nbsp;Timeshare Contracts, System Screenshots |
| &nbsp;&nbsp;First Due Date | &nbsp;&nbsp;Timeshare Contracts, System Screenshots and Instructions |
| &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Timeshare Contracts and Instructions |
| &nbsp;&nbsp;Principal & Interest Payment | &nbsp;&nbsp;Timeshare Contracts, System Screenshots |
| &nbsp;&nbsp;Service Fee | &nbsp;&nbsp;Timeshare Contracts |
| &nbsp;&nbsp;Next Payment Date | &nbsp;&nbsp;System Screenshots |
| &nbsp;&nbsp;Principal Balance | &nbsp;&nbsp;System Screenshots |
| &nbsp;&nbsp;High Credit Score | &nbsp;&nbsp;Credit Report and Instructions |
| &nbsp;&nbsp;Days Delinquent | &nbsp;&nbsp;System Screenshots and Instructions |

---

We found such information to be in agreement except as listed in Exhibit C.

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, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Timeshare Loans, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Timeshare Loans to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Timeshare Loans being securitized, (iii) the compliance of the originator of the Timeshare Loans with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Timeshare Loans that would be material to the likelihood that the issuer of the asset-backed notes will pay interest and principal in accordance with applicable terms and conditions.

![](tm2524792d1_ex99-1img002.jpg)

The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/KPMG LLP

Irvine, California<br> August 29, 2025

**Exhibit A**

**Instructions**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Number** | &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Instruction** |
| &nbsp;&nbsp;1. | &nbsp;&nbsp;Cash Down Payment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recompute as the sum of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the difference between (i) total down payment and (ii) closing costs in the Timeshare Contract, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. balance down payment in the Timeshare Contract. |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;Original Term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If Original Term was not observed in the Timeshare Contract, recompute as the number of months equal to the difference between:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the First Payment Date in the Timeshare Contract<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the Maturity Date in the Timeshare Contract |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;For Sample Loans # 19, 32, 41, 48, 50, 54, 80 and 89, use System Screenshots as Provided Information |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For Sample Loans # 54 and 89, recalculate as the date equal to:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the First Payment Date in the System Screenshot<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. plus the Original Term in the Timeshare Contract |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;High Credit Score | &nbsp;&nbsp;Do not perform this procedure if the Data File value is not populated (i.e., blank) |
| &nbsp;&nbsp;6. | &nbsp;&nbsp;Days Delinquent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recalculate as the difference between (but in no case less than zero):<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. July 31, 2025, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Next Payment Date in the System Screenshots |

---

**Exhibit B**

**The Sample Loans**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample<br> Loan #** | **Company <br> Account <br> Number\*** | **Sample<br> Loan #** | **Company <br> Account<br> Number\*** | **Sample<br> Loan #** | **Company <br> Account<br> Number\*** | **Sample<br> Loan #** | **Company <br> Account<br> Number\*** |
| 1 | &nbsp;&nbsp;&nbsp;2025660035 | 26 | 2025370035 | 51 | 2025200035 | 76 | 2025730035 |
| 2 | &nbsp;&nbsp;&nbsp;2025240035 | 27 | 2025300035 | 52 | 2025420033 | 77 | 2025540035 |
| 3 | &nbsp;&nbsp;&nbsp;2025120035 | 28 | 2025670033 | 53 | 2025410035 | 78 | 2025150035 |
| 4 | &nbsp;&nbsp;&nbsp;2025600035 | 29 | 2025330033 | 54 | 2025050033 | 79 | 2025990035 |
| 5 | &nbsp;&nbsp;&nbsp;2025510035 | 30 | 2025950035 | 55 | 2025240035 | 80 | 2025570035 |
| 6 | &nbsp;&nbsp;&nbsp;2025320035 | 31 | 2025900035 | 56 | 2025860035 | 81 | 2025530035 |
| 7 | &nbsp;&nbsp;&nbsp;2025040035 | 32 | 2025160035 | 57 | 2025110033 | 82 | 2025900035 |
| 8 | &nbsp;&nbsp;&nbsp;2025180035 | 33 | 2025180033 | 58 | 2025590033 | 83 | 2025070035 |
| 9 | &nbsp;&nbsp;&nbsp;2025310035 | 34 | 2025970035 | 59 | 2025300035 | 84 | 2025690035 |
| 10 | &nbsp;&nbsp;&nbsp;2025530035 | 35 | 2025840035 | 60 | 2025860035 | 85 | 2025970035 |
| 11 | &nbsp;&nbsp;&nbsp;2025940033 | 36 | 2025860033 | 61 | 2025660035 | 86 | 2025960035 |
| 12 | &nbsp;&nbsp;&nbsp;2025000035 | 37 | 2025530035 | 62 | 2025520035 | 87 | 2025720035 |
| 13 | &nbsp;&nbsp;&nbsp;2025680035 | 38 | 2025340035 | 63 | 2025800035 | 88 | 2025950035 |
| 14 | &nbsp;&nbsp;&nbsp;2025630035 | 39 | 2025510033 | 64 | 2025190035 | 89 | 2025940035 |
| 15 | &nbsp;&nbsp;&nbsp;2025660035 | 40 | 2025150035 | 65 | 2025970033 | 90 | 2025160035 |
| 16 | &nbsp;&nbsp;&nbsp;2025100035 | 41 | 2025550035 | 66 | 2025110035 | 91 | 2025910035 |
| 17 | &nbsp;&nbsp;&nbsp;2025150035 | 42 | 2025800035 | 67 | 2025930035 | 92 | 2025070035 |
| 18 | &nbsp;&nbsp;&nbsp;2025650035 | 43 | 2025930033 | 68 | 2025590035 | 93 | 2025930035 |
| 19 | &nbsp;&nbsp;&nbsp;2025450035 | 44 | 2025560035 | 69 | 2025430035 | 94 | 2025700035 |
| 20 | &nbsp;&nbsp;&nbsp;2025890035 | 45 | 2025270033 | 70 | 2025730035 | 95 | 2025560033 |
| 21 | &nbsp;&nbsp;&nbsp;2025830033 | 46 | 2025610035 | 71 | 2025410035 | 96 | 2025200035 |
| 22 | &nbsp;&nbsp;&nbsp;2025790035 | 47 | 2025760035 | 72 | 2025330035 | 97 | 2025280035 |
| 23 | &nbsp;&nbsp;&nbsp;2025150035 | 48 | 2025810035 | 73 | 2025170035 | 98 | 2025970035 |
| 24 | &nbsp;&nbsp;&nbsp;2025740035 | 49 | 2025800033 | 74 | 2025250035 | 99 | 2025820033 |
| 25 | &nbsp;&nbsp;&nbsp;2025590035 | 50 | 2025550035 | 75 | 2025760035 | 100 | 2025760035 |

---

**\*** The Servicer has assigned a unique account number to each Timeshare Loan in the Data File. The Servicer's Account Numbers referred to in this Exhibit are not the actual account numbers.

**Exhibit C**

**Exceptions**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Sample<br> Loan #** | **Company Account <br> Number\*** | **Attribute** | **Per Data<br> File** | **Per Provided<br> Information** |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025890035 | Sales Price | 163169 | 164533 |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025890035 | Cash Down Payment | (1407) | (42) |
| 87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025720035 | Borrower State | WV | MI |

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**\*** The Servicer has assigned a unique account number to each Timeshare Loan in the Data File. The Servicer's Account Numbers referred to in this Exhibit are not the actual account numbers.