# EDGAR Filing Document

**Accession Number:** 0002072012
**File Stem:** 0001628280-25-030168
**Filing Date:** 2025-6
**Character Count:** 12917
**Document Hash:** ac2c4ab0a357f045234745fe4b429bea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-030168.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0001628280-25-030168

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250609

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

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OneMain Financial Issuance Trust 2025-1
- **CENTRAL INDEX KEY:** 0002072012

**ORGANIZATION NAME:**
- **EIN:** 350416090
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07771
- **FILM NUMBER:** 251033509

**BUSINESS ADDRESS:**
- **STREET 1:** 601 NW SECOND STREET
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47708
- **BUSINESS PHONE:** 8124757004

**MAIL ADDRESS:**
- **STREET 1:** 601 NW SECOND STREET
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47708
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Springleaf Funding II, LLC
- **CENTRAL INDEX KEY:** 0001728647

**ORGANIZATION NAME:**
- **EIN:** 823988931
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 601 N.W. SECOND STREET
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47708
- **BUSINESS PHONE:** 812-424-8031

**MAIL ADDRESS:**
- **STREET 1:** 601 N.W. SECOND STREET
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47708

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

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER REPORT** <br>**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:**

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

Date of Report (Date of earliest event reported): **<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>**

(Exact name of securitizer as specified in its charter)

 <br> (Commission File Number of securitizer) (Central Index Key Number of securitizer)

Name and telephone number, including area code, <br>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) ◻

🗹&nbsp;&nbsp;&nbsp;&nbsp;**Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)**

Central Index Key Number of depositor: <u>0001728647</u> 

**OneMain Financial Issuance Trust 2025-1**

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

Central Index Key Number of issuing entity (if applicable): <u>0002072012</u> 

Central Index Key Number of underwriter (if applicable): <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

**Michelle K. Mauerman, (812) 475-7004**

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

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**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**

The Independent Accountants' Report on Applying Agreed Upon Procedures, dated as of June 6, 2025, attached hereto as Exhibit 99.1 to this Form ABS-15G is incorporated herein by reference in its entirety.

The information disclosed under this Item 2.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the reporting entity's filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.

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.

SPRINGLEAF FUNDING II, LLC <br>(Depositor)

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Rhonda Jenkins&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>Name: Rhonda Jenkins<br>Title: Assistant Treasurer

Date: June 9, 2025

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| Exhibit Number | Description |
| <u>[99.1](ex-991xomfit2025x1loanfile.htm)</u> | <u>[Independent Accountants' Report on Applying Agreed Upon Procedures, dated](ex-991xomfit2025x1loanfile.htm)[June](ex-991xomfit2025x1loanfile.htm)[6](ex-991xomfit2025x1loanfile.htm)[,](ex-991xomfit2025x1loanfile.htm)[2025](ex-991xomfit2025x1loanfile.htm)</u> |

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## Exhibit 99.1

&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| ![deloitteblock.jpg](deloitteblock.jpg) | **Deloitte & Touche LLP**<br>3 Second Street<br>Suite 301<br>Harborside Plaza 10<br>Jersey City, NJ 07302<br>USA<br>Tel: +1 212 937 8202<br>www.deloitte.com |

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OneMain Finance Corporation575 Fifth Avenue, Floor 27New York, New York 10017

**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 consumer loans in connection with the proposed offering of OneMain Finance Issuance Trust 2025-1. OneMain Finance Corporation (the "Company") is responsible for the information provided to us, including the information set forth in the Statistical Loan 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 Statistical Loan File. Additionally, Barclays Capital Inc. (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.

**Agreed-Upon Procedures** 

On May 30, 2025, 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 April 30, 2025, with respect to 73,432 consumer loans (the "Statistical Loan File"). At the Company's instruction, we randomly selected 150 consumer loans from the Statistical Loan File (the "Sample Loans") and performed certain comparisons and recomputations for each of the Sample Loans relating to the consumer loan characteristics (the "Characteristics") set forth on the Statistical Loan File and indicated below.

**Characteristics**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| 1.Loan number (for informational purpose only)<br>2.Origination date <br>3.State of origination<br>4.Annual percentage rate <br>5.Original term | 6.Monthly payment<br>7.First payment date <br>8.Asset type<br>9.Original principal balance |

---

We compared Characteristics 2. through 9. to the corresponding information set forth on or derived from the respective Loan Contract (the "Contract").

**Member of**

Deloitte Touche Tohmatsu Limited

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&nbsp;&nbsp;&nbsp;&nbsp;

The Contract 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 "Loan 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 Loan 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 Loan Documents. In addition, we make no representations as to whether the Loan Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Sample Loans.

**Agreed-Upon Procedures' Findings**

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

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

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the consumer loans underlying the Statistical Loan File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the consumer loans 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 Statistical Loan 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.

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&nbsp;&nbsp;&nbsp;&nbsp;

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

June 6, 2025

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