# EDGAR Filing Document

**Accession Number:** 0001174821
**File Stem:** 0001193125-26-131718
**Filing Date:** 2026-3
**Character Count:** 76828
**Document Hash:** 1e45e7fcfd062e02eeb44b0eddca4588
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-131718.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001193125-26-131718

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 9

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**ABS ASSET CLASS**: Credit card

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CHASE ISSUANCE TRUST
- **CENTRAL INDEX KEY:** 0001174821
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 222382028
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-67076-02
- **FILM NUMBER:** 26812901

**BUSINESS ADDRESS:**
- **STREET 1:** 201 N. WALNUT ST., 4TH FLOOR
- **STREET 2:** DE1-1001
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 302-282-6545

**MAIL ADDRESS:**
- **STREET 1:** 201 N. WALNUT ST., 4TH FLOOR
- **STREET 2:** DE1-1001
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANK ONE ISSUANCE TRUST
- **DATE OF NAME CHANGE:** 20020604

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 10-K** 

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

**For the fiscal year ended December 31, 2025** 

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

**For the transition period from to** 

**Commission File Number of issuing entity: 333-272941** 

**Central Index Key Number of issuing entity: 0001174821** 

## CHASE ISSUANCE TRUST
**(Exact name of issuing entity as specified in its charter)** 

**Commission File Number of depositor: 333-272941-01** 

**Central Index Key Number of depositor: 0001658982** 

## CHASE CARD FUNDING LLC
**(Exact name of depositor as specified in its charter)** 

**Central Index Key Number of sponsor: 0000869090** 

## JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
**(Exact name of sponsor as specified in its charter)** 

**Delaware** 

**(State or other jurisdiction of incorporation or organization of the issuing entity)** 

**N.A.** 

**(I.R.S. Employer Identification No. of the issuing entity)** 

**N.A.** 

**(I.R.S. Employer Identification No. of the depositor)** 

**13-4994650** 

**(I.R.S. Employer Identification No. of the sponsor)** 

---

| | |
|:---|:---|
| **CHASE ISSUANCE TRUST**<br> **c/o Chase Card Funding LLC**<br> **201 North Walnut Street**<br> **Wilmington, Delaware** | **19801** |
| **(Address of principal executive offices of the issuing entity)** | **(Zip Code)** |

---

**(302) 282-0122** 

**(Telephone number, including area code of the issuing entity)** 

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

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange on which registered** |

---

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

**(Title of class)** 

**(Title of class)** 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

The registrant had no voting or non-voting common equity outstanding as of the last business day of the registrant's most recently completed second fiscal quarter or the date of this report.

**DOCUMENTS INCORPORATED BY REFERENCE** 

None

------

**INTRODUCTORY NOTE** 

On May 18, 2019 (the "Merger Date"), Chase Bank USA, National Association ("Chase USA"), a national banking association, was merged with and into JPMorgan Chase Bank, National Association ("JPMorgan Chase Bank"), a national banking association, with JPMorgan Chase Bank as the surviving entity. Effective as of the Merger Date, JPMorgan Chase Bank succeeded Chase USA as (i) the sponsor, originator, administrator and servicer of Chase Issuance Trust (the "Issuing Entity") and (ii) the sole member of Chase Card Funding LLC ("Chase Card Funding"). Unless the context otherwise requires, all references to JPMorgan Chase Bank are to Chase USA for the period prior to the Merger Date.

**PART I** 

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

Item 1. Business. <br> Item 1A. Risk Factors.

**Item 1B. Unresolved Staff Comments.** 

Not Applicable.

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

---

| | |
|:---|:---|
| Item 1C. | Cybersecurity |
| Item 2. | Properties. |
| Item 3. | Legal Proceedings. |

---

**Item 4. Mine Safety Disclosures.** 

Not Applicable.

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

**Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).** 

None of the pool assets held by the Issuing Entity include any significant obligors.

**Item 1114(b)(2) of Regulation AB: Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).** 

Not Applicable.

**Item 1115(b) of Regulation AB: Certain Derivatives Instruments (Financial Information).** 

Not Applicable.

------

**Item 1117 of Regulation AB: Legal Proceedings.** 

***Litigation Regarding JPMorgan Chase Bank, National Association***

A number of lawsuits seeking class action certification have been filed in both state and federal courts against JPMorgan Chase Bank, as well as a number of purported "mass arbitrations" in arbitral forums. These lawsuits and arbitrations challenge certain policies and practices of JPMorgan Chase Bank's credit card business. JPMorgan Chase Bank has defended itself against these types of claims in the past and intends to continue to do so in the future. While it is impossible to predict the outcome of any of these lawsuits and arbitrations, JPMorgan Chase Bank believes that any liability that might result from any of these lawsuits or arbitrations will not have a material adverse effect on the credit card receivables.

***Industry Litigation***

Groups of merchants and retail associations filed a series of class action complaints alleging that Visa and Mastercard, as well as certain banks, conspired to set the price of credit and debit card interchange fees and enacted related rules in violation of antitrust laws. In September 2018, the parties settled the class action seeking monetary relief. A separate class action seeking injunctive relief continues. In June 2024, the District Court for the Eastern District of New York denied preliminary approval of a settlement of the injunctive class action in which Visa and Mastercard agreed to certain changes to their respective network rules and system-wide reductions in interchange rates for U.S.-based merchants. In November 2025, the parties to that settlement reached a superseding and amended class settlement and submitted the agreement to the District Court for its approval.

Of the merchants who opted out of the damages class settlement, certain merchants filed individual actions raising similar allegations against Visa and Mastercard, as well as against JPMorgan Chase Bank and other banks. The defendants have reached settlements with the merchants who opted out representing over 90% of the combined Mastercard-branded and Visa-branded payment card sales volume. The remaining opt-out actions are pending. A number of these actions are pending in the United States District Court for the Southern District of New York, and that court has scheduled a trial of the claims brought by several merchants to begin in April 2026.

In May 2024, the State of Illinois adopted the Interchange Fee Prohibition Act ("*IFPA*") which would prohibit the collection of credit and debit card interchange fees for sales taxes, excise taxes and tips for service. This law is scheduled to take effect in July 2026. Several banking industry associations have challenged the IFPA in the United States District Court for the Northern District of Illinois, and that litigation is currently ongoing. Other states have introduced similar legislative proposals that would impact the ability of banks to collect certain interchange fees.

------

**PART II** 

**The following Items 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. | [Reserved] |
| 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 Financial Disclosure. |
| Item 9A. | Controls and Procedures. |

---

**Item 9B. Other Information** 

None

**Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.** 

None

**PART III** 

**The following Items have been omitted in accordance with General Instruction J to Form 10–K:** 

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| | |
|:---|:---|
| 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 Accounting Fees and Services. |

---

**Substitute information provided in accordance with General Instruction J to Form 10–K:** 

**Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions.** 

Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

------

**Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria.** 

Each of JPMorgan Chase Bank, as the servicer and CTCNA, as the indenture trustee (each, a "Servicing Participant"), was a party participating in the servicing function during the reporting period with respect to the pool assets held by the Issuing Entity.

Each of the Servicing Participants has completed a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report on Assessment") during the Issuing Entity's fiscal year ending December 31, 2025, which Reports on Assessment are attached as exhibits to this Form 10-K. In addition, each of the Servicing Participants has provided an attestation report (each, an "Attestation Report") by a registered independent public accounting firm regarding its related Report on Assessment. Each Attestation Report is attached as an exhibit to this Form 10-K.

The Servicer has determined that there have not been any material instances of noncompliance reported in any assessment that involved the servicing of any of the assets backing the asset-backed securities for which this report on Form 10-K is being filed.

**Item 1123 of Regulation AB: Servicer Compliance Statement.** 

JPMorgan Chase Bank is the servicer and has provided a statement of compliance (a "Compliance Statement") for the period from and including January 1, 2025 through and including December 31, 2025 for the Issuing Entity. The Compliance Statement has been signed by an authorized officer of the servicer for the Issuing Entity and is attached as an exhibit to this Form 10-K.

------

**PART IV** 

**Item 15. Exhibit and Financial Statement Schedules.** 

(a)(1) Not Applicable.

(a)(2) Not Applicable.

(a)(3) See Item 15(b) below.

(b) Exhibits Required by Item 601 of Regulation S-K

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| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 3.1 | [Articles of Association of JPMorgan Chase Bank, National Association, amended and restated as of April 19, 2016 (included in Exhibit 3.1 to registrant's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the Securities and Exchange Commission on March 30, 2020, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312520091101/d905048dex31.htm) |
| 3.2 | [By-laws of JPMorgan Chase Bank, National Association, dated October 17, 2023 (included in Exhibit 3.2 to registrant's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on March 28, 2025, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524080454/d810121dex32.htm) |
| 4.1 | [Fifth Amended and Restated Transfer and Servicing Agreement, dated as of December 16, 2024, by and among JPMorgan Chase Bank, National Association, Chase Card Funding LLC, Chase Issuance Trust and Computershare Trust Company, National Association (included in Exhibit 4.5 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on December 16, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524279371/d866845dex45.htm) |
| 4.2 | [Fifth Amended and Restated Indenture, dated as of December 16, 2024, by and between Chase Issuance Trust and Computershare Trust Company, National Association (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on December 16, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524279371/d866845dex41.htm) |
| 4.3 | [Fourth Amended and Restated Asset Pool One Supplement, dated as of December 16, 2024, by and between Chase Issuance Trust and Computershare Trust Company, National Association (included in Exhibit 4.2 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on December 16, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524279371/d866845dex42.htm) |
| 4.4 | [Third Amended and Restated CHASEseries Indenture Supplement, dated as of December 16, 2024, by and between Chase Issuance Trust and Computershare Trust Company, National Association (included in Exhibit 4.3 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on December 16, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524279371/d866845dex43.htm) |

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| | |
|:---|:---|
| 4.5 | [Fifth Amended and Restated Trust Agreement, dated as of December 16, 2024, by and between Chase Card Funding LLC and Wilmington Trust Company (included in Exhibit 4.6 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Comission on December 16, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524279371/d866845dex46.htm) |
| 4.6 | [Assignment and Assumption Agreement, dated as of January 20, 2016, by and between Chase Bank USA, National Association and Chase Card Funding LLC (included in Exhibit 4.12 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312516434830/d102477dex412.htm) |
| 4.7 | [Amended and Restated Receivables Purchase Agreement, dated as of December 16, 2024, by and between JPMorgan Chase Bank, National Association and Chase Card Funding LLC (included in Exhibit 4.4 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on December 16, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312516434830/d102477dex44.htm) |
| 4.8 | [Second Amended and Restated Limited Liability Agreement of Chase Card Funding LLC, dated as of January 20, 2016, by Chase Bank USA, National Association (included in Exhibit 3.2 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 22, 2016, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312516434830/d102477dex32.htm) |
| 4.9 | [Amended and Restated Asset Representations Review Agreement, dated as of April 29, 2016, between Chase Bank USA, National Association and FTI Consulting, Inc. (included in Exhibit 4.7 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 2, 2016, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/869090/000119312516572869/d176401dex47.htm) |
| 4.1 | [Assignment and Assumption Agreement (RPA), dated May 17, 2019, by and between JPMorgan Chase Bank, National Association and Chase Bank USA, National Association (included in Exhibit 10.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 20, 2019, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/869090/000119312519151611/d649976dex101.htm) |
| 4.11 | [Assignment and Assumption Agreement (TSA), dated May 17, 2019, by and between JPMorgan Chase Bank, National Association and Chase Bank USA, National Association (included in Exhibit 10.2 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 20, 2019, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/869090/000119312519151611/d649976dex102.htm) |
| 4.12 | [Assignment and Assumption Agreement, dated as of November 1, 2024, by and between Wells Fargo Bank, National Association and Computershare Trust Company, National Association (included in Exhibit 99.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on November 1, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524249544/d864935dex991.htm) |

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| | |
|:---|:---|
| 4.12.1 | [Class A(2022-1) Terms Document, dated as of September 16, 2022 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on September 19, 2022, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312522247031/d386478dex41.htm) |
| 4.12.2 | [Class A(2023-1) Terms Document, dated as of September 15, 2023 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on September 18, 2023, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312523236821/d505010dex41.htm) |
| 4.12.3 | [Class A(2023-2) Terms Document, dated as of September 15, 2023 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on September 18, 2023, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312523236832/d507770dex41.htm) |
| 4.12.4 | [Class A(2024-1) Terms Document, dated as of January 31, 2024 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 31, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524021743/d763600dex41.htm) |
| 4.12.5 | [Class A(2024-2) Terms Document, dated as of January 31, 2024 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 31, 2024, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312524021746/d761846dex41.htm) |
| 4.12.6 | [Class A(2025-1) Terms Document, dated as of July 25, 2025 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on July 28, 2025, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312525166191/d23152dex41.htm) |
| 4.12.7 | [Class B(2022-1) Terms Document, dated as of June 24, 2022 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on June 27, 2022, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312522182779/d370840dex41.htm) |
| 4.12.7.1 | [Amendment No. 1 to the Class B(2022-1) Terms Document, dated as of December 12, 2022 (included in Exhibit 4.1.1 to registrant's Current Report on Form 8-K/A, as filed with the Securities and Exchange Commission on December 12, 2022, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312522302757/d407381dex411.htm) |
| 4.12.8 | [Class B(2025-1) Terms Document, dated as of May 22, 2025 (included in Exhibit 4.1 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 23, 2025, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312525125604/d97888dex41.htm) |
| 4.12.9 | [Class C(2022-1) Terms Document, dated as of June 24, 2022 (included in Exhibit 4.2 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on June 27, 2022, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/869090/000119312522182779/d370840dex42.htm) |
| 4.12.10 | [Class C(2025-1) Terms Document, dated as of May 22, 2025 (included in Exhibit 4.2 to registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on May 23, 2025, which is incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1174821/000119312525125604/d97888dex42.htm) |

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| | |
|:---|:---|
| 31.1 | [Rule 13a-14(d)/15d-14(d) Certification (Section 302 Certification).](d114615dex311.htm) |
| 33.1 | [Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of JPMorgan Chase Bank, National Association.](d114615dex331.htm) |
| 33.2 | [Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Computershare Trust Company, National Association.](d114615dex332.htm) |
| 34.1 | [Independent Accountants' Attestation Report concerning servicing activities of JPMorgan Chase Bank, National Association.](d114615dex341.htm) |
| 34.2 | [Independent Accountants' Attestation Report concerning servicing activities of Computershare Trust Company, National Association.](d114615dex342.htm) |
| 35.1 | [Servicer Compliance Statement of JPMorgan Chase Bank, National Association as servicer for the Issuing Entity.](d114615dex351.htm) |

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(c) Not applicable

**Item 16. Form 10–K Summary.** 

Not applicable.

------

**SIGNATURES** 

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

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| | |
|:---|:---|
|  **CHASE ISSUANCE TRUST**<br> (Issuing Entity) | **CHASE ISSUANCE TRUST**<br> (Issuing Entity) |
| By: | **CHASE CARD FUNDING LLC,**<br> as Depositor |
|  | /s/ Brent L. Barton |
|  | Name: Brent L. Barton |
|  | Title: Chief Executive Officer |
|  | (senior officer of Chase Card Funding LLC in charge of securitization) |
| Date: | March 30, 2026 |

---

## Exhibit 31.1

**Exhibit 31.1** 

**Certification** 

I, Brent L. Barton, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of Chase Issuance Trust (the "Exchange Act periodic reports");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, all of the distribution, servicing and other information required to be provided
under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Based on my knowledge and the servicer compliance statement required in this report under Item 1123 of
Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer has fulfilled its obligations under the servicing agreement in all material respects; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their
related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in
such reports have been disclosed in this report on Form 10-K.

In giving the certification above, I have reasonably relied on information provided to me by the following unaffiliated parties: Wilmington Trust Company and Computershare Trust Company, National Association.

Date: March 30, 2026

---

| | |
|:---|:---|
| By: | /s/ Brent L. Barton |
| Name: | Brent L. Barton |
| Title: | Chief Executive Officer |
|  | (senior officer of Chase Card Funding LLC in charge of securitization) |

---

## Exhibit 33.1

**Exhibit 33.1** 

**Certification Regarding Compliance with Applicable Servicing Criteria** 

1. JPMorgan Chase Bank, National Association (the "Asserting Party") is responsible for assessing
compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the year ended December 31, 2025 (the "Reporting Period"), as set forth in Appendix A hereto. The
transactions covered by this report include asset-backed securities transactions involving credit card receivables, for which transactions the Asserting Party acted as servicer, that were registered with the Securities and Exchange Commission
pursuant to the Securities Act of 1933, as amended, on or after January 1, 2006, where the related asset-backed securities were outstanding during the Reporting Period (the "Platform"), as listed in Appendix B hereto;

2. The Asserting Party has engaged vendors (the "Vendors"), none of whom is considered a
"servicer" as defined in Item 1101(j) of Regulation AB, to perform specific, limited or scripted activities, and, as permitted by Compliance and Disclosure Interpretation 200.06, Vendors Engaged by Servicers ("CD&I
200.06"), the Asserting Party elects to take responsibility for assessing compliance with the servicing criteria or portion of the servicing criteria applicable to such Vendors' activities as set forth in Appendix A hereto.<sup>1</sup> The Asserting Party has policies and procedures in place designed to provide reasonable assurance that each Vendor's activities comply in all material respects with the servicing criteria
applicable to such Vendor. The Asserting Party is solely responsible for determining that it meets the SEC requirements to apply CD&I 200.06 for the Vendors and related criteria;

3. Except as set forth in paragraph 4 below, the Asserting Party used the criteria set forth in paragraph
(d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria;

4. The criteria listed in the column titled "Inapplicable Servicing Criteria" on Appendix A hereto
are inapplicable to the Asserting Party based on the activities that it performs with respect to the Platform;

5. The Asserting Party has complied, in all material respects, with the applicable servicing criteria as of
December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;

6. The Asserting Party has not identified and is not aware of any material instance of noncompliance by the
Vendors with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;

7. The Asserting Party has not identified any material deficiency in its policies and procedures to monitor the
compliance by the Vendors with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole; and

<sup>1</sup> Note that Computershare Trust Company, National Association ("CTCNA"), as indenture trustee and collateral agent, is not considered a "Vendor" for purposes of this report. CTCNA is considered a "servicer" as defined in Item 1101(j) of Regulation AB, and as such, will provide its own report regarding its compliance with Regulation AB. 

------

8. PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation
report on the Asserting Party's assessment of compliance with the applicable servicing criteria for the Reporting Period.

------

March 30, 2026

---

| | |
|:---|:---|
| JPMORGAN CHASE BANK,<br> NATIONAL ASSOCIATION | JPMORGAN CHASE BANK,<br> NATIONAL ASSOCIATION |
|  By: | /s/ Maria Laura Sarcone |
|  | Name: Maria Laura Sarcone |
|  | Title: Managing Director |

---

------

APPENDIX A

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **INAPPLICABLE**<br> **SERVICING**<br> **CRITERIA** |
| &nbsp;&nbsp;&nbsp;**Reference** | **Criteria** | **Performed** <br> **Directly by** <br> **Asserting** <br> **Party**  | **Performed** <br> **by** <br> **Vendor(s)** <br> **for which** <br> **Asserting** <br> **Party** <br> **Takes** <br> **Responsibility**  | |
|  | **General Servicing Considerations** |  |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(1)(i) | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(1)(ii) | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(1)(iii) | Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(1)(iv) | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(1)(v) | Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information | **X** |  |  |
|  | **Cash Collection and Administration** |  |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(i) | Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(ii) | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(iii) | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(iv) | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(v) | Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | **X** |  |  |

---

Appendix A Page 1

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **INAPPLICABLE**<br> **SERVICING**<br> **CRITERIA** |
| &nbsp;&nbsp;&nbsp;**Reference** | **Criteria** | **Performed** <br> **Directly by** <br> **Asserting** <br> **Party**  | **Performed** <br> **by** <br> **Vendor(s)** <br> **for which** <br> **Asserting** <br> **Party** <br> **Takes** <br> **Responsibility**  | |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(vi) | Unissued checks are safeguarded so as to prevent unauthorized access. |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(2)(vii) | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | **X** |  |  |
|  | **Investor Remittances and Reporting** |  |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(3)(i) | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(3)(ii) | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | **X<sup>1</sup>** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(3)(iii) | Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements. |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(3)(iv) | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | **X<sup>2</sup>** |  |  |
|  | **Pool Asset Administration** |  |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(i) | Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(ii) | Pool assets and related documents are safeguarded as required by the transaction agreements |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(iii) | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | **X** |  |  |

---

<sup>1</sup> The Asserting Party allocates amounts due to investors and remits such amounts to CTCNA, as indenture trustee and collateral agent, in accordance with the timeframes, distribution priority and other terms set forth in the transaction agreements. 

<sup>2</sup> The Asserting Party agrees amounts remitted to investors per the investor reports to amounts remitted to CTCNA, as indenture trustee and collateral agent, per the custodial bank statements. 

Appendix A Page 2

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **INAPPLICABLE**<br> **SERVICING**<br> **CRITERIA** |
| &nbsp;&nbsp;&nbsp;**Reference** | **Criteria** | **Performed** <br> **Directly by** <br> **Asserting** <br> **Party**  | |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(iv) | Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. | **X<sup>3</sup>** **X<sup>3</sup>** |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(v) | The Servicer's records regarding the accounts agree with the Servicer's records with respect to an obligor's unpaid principal balance. | **X** |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(vi) | Changes with respect to the terms or status of an obligor's account (e.g., loan modifications or re-aging) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | **X** |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(vii) | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | **X** |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(viii) | Records documenting collection efforts are maintained during the period an account is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). | **X** |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(ix) | Adjustments to interest rates or rates of return for accounts with variable rates are computed based on the related account documents. | **X** |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(x) | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(xi) | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(xii) | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |  | **X** |

---

<sup>3</sup> The Asserting Party was responsible for the remittance of electronic payments on pool assets and for the servicing functions related to the allocation and posting of payments on pool assets. Each of XBP Global Holdings, Inc. (formerly known as Exela Technologies, Inc.) and Deluxe Financial Services, LLC is responsible for the opening, listing and depositing of remittance payments mailed to post office boxes serviced by the Asserting Party. 

Appendix A Page 3

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | &nbsp;&nbsp;&nbsp;**SERVICING CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **APPLICABLE**<br> **SERVICING**<br> **CRITERIA** | **INAPPLICABLE**<br> **SERVICING**<br> **CRITERIA** |
| &nbsp;&nbsp;&nbsp;**Reference** | **Criteria** | **Performed** <br> **Directly by** <br> **Asserting** <br> **Party**  | **Performed** <br> **by** <br> **Vendor(s)** <br> **for which** <br> **Asserting** <br> **Party** <br> **Takes** <br> **Responsibility**  | |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. |  |  | **X** |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(xiv) | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. | **X** |  |  |
| &nbsp;&nbsp;&nbsp; 1122(d)(4)(xv) | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. |  |  | **X** |

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Appendix A Page 4

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Appendix B

Chase Issuance Trust

Class A (2022-1)

Class A (2023-1)

Class A (2023-2)

Class A (2024-1)

Class A (2024-2)

Class A (2025-1)

## Exhibit 33.2

**Exhibit 33.2** 

---

| |
|:---|
| ![LOGO](g114615022.jpg) |
| Computershare<br> 9062 Old Annapolis Road<br> Columbia, Maryland 21045 www.computershare.com |

---

ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA

Computershare Corporate Trust- ABS Platform

The management ("<u>Management</u>") of the Computershare Corporate Trust division of Computershare Trust Company, National Association (the "<u>Company</u>") is responsible for assessing the Company's compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission. Management has determined that the servicing criteria are applicable to the servicing platform for the period as follows:

<u>Purchase of corporate trust business</u>. On November 1, 2021, Wells Fargo Bank, N.A. ("<u>Wells Fargo</u>") and certain of its affiliates sold substantially all of its Corporate Trust Services ("<u>CTS</u>") division to the Company, Computershare Delaware Trust Company ("<u>CDTC</u>"), and Computershare Limited ("<u>Computershare Limited</u>," and collectively with the Company and CDTC, "<u>Computershare</u>"). Virtually all CTS employees of Wells Fargo, along with most existing CTS systems, technology, and offices transferred to Computershare as part of the sale.

For the ABS Platform (defined below) transactions and during the Period (defined below), the Company either (i) served directly in the related trustee (except Delaware trustee or owner trustee), paying agent services, and/or related services, (collectively, the "<u>ABS Platform Roles</u>"), or (ii) served as agent for Wells Fargo who remained in the related ABS Platform Roles. More specifically, since its acquisition of the Wells Fargo CTS business on November 1, 2021, including during the Period, the Company has (i) closed new ABS transactions and (ii) completed the transfer of certain ABS transaction roles from Wells Fargo CTS to Computershare, for which, in each case, during all or a portion of the Period, the Company performed the related ABS Platform Roles directly (the "<u>Company's Direct Role</u> <u>Transactions</u>"). As of the end of the Period, the Company's Direct Role Transactions comprise a majority of the overall ABS Platform transactions. For a minority of ABS Platform transactions, the Company served, during all or a portion of the Period, as agent for Wells Fargo who remained in the related ABS Platform Roles (the "<u>Company's Agent Role</u> <u>Transactions</u>"). For the Company's Agent Role Transactions, Wells Fargo had not, as of the beginning of the Period, transferred to Computershare the ABS Platform Roles for the Company's Agent Role Transactions, and therefore the Company performed, during all or a portion of the Period, virtually all of Wells Fargo's contractual duties for such transactions as its agent. As a result, for the Company's Agent Role Transactions, the Company and Wells Fargo have determined that the Company is a party participating in the servicing function with respect to the ABS Platform, and accordingly, the Company is taking responsibility for assessing its compliance with the Applicable Servicing Criteria (defined below) relevant to the servicing activities performed by the Company for the ABS Platform, as of and for the twelve months ended December 31, 2025.

<u>Period</u>: As of January 1, 2025 through and including December 31, 2025 (the "<u>Period</u>").

<u>Platform</u>: The platform consists of asset-backed securities ("<u>ABS</u>") transactions for which the Company provides trustee (except Delaware trustee or owner trustee), paying agent services, and/or related services, either directly in the related role for such services or as the agent of the party performing such services, and for which either (i) some or all of the issued securities for such ABS transactions were publicly offered pursuant to a registration statement delivered under the Securities Act of 1933, as amended, or (ii) the issued securities for such ABS transactions were privately offered pursuant to an exemption from registration and the Company (and/or the party for whom it acts as agent) has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes (a) any transactions for which the securities issued are mortgage-backed securities or mortgage-related asset-backed securities and (b) any ABS transactions for which the issuing entity has a fiscal year that ends on a date other than the end of the calendar year (the "<u>ABS Platform</u>"). <u>Appendix A</u> identifies the individual transactions defined by Management as constituting the ABS Platform for the Period.

------

<u>Applicable Servicing Criteria</u>: All servicing criteria set forth in Item 1122(d) are applicable to either the Company's obligations, or the obligations of the party for whom the Company ultimately acts as agent, in either case under the related transaction agreements with respect to the ABS Platform for the Period (as applicable, the "<u>Company's</u> <u>Obligations</u>"), except for the following servicing criteria: 1122(d)(1)(v), 1122(d)(2)(iii), 1122(d)(3)(i)(B), 1122(d)(3)(i)(C), 1122(d)(3)(i)(D), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), and 1122(d)(4)(xiv), which Management has determined are not applicable to the Company's Obligations in the related transaction agreements with respect to the ABS Platform for the Period; provided however that, with respect to the ABS Platform (a) servicing criterion 1122(d)(3)(i)(A) is applicable only as it relates to the Company's Obligation to distribute or make available to investors, in accordance with the timeframes set forth in the transaction agreements, the relevant investor reports received by the Company from the entity preparing such reports; (b) servicing criterion 1122(d)(3)(ii) is applicable only as it relates to the Company's Obligation to make remittances to investors in accordance with the transaction agreements; and (c) servicing criterion 1122(d)(4)(iii) is applicable only as it relates to the Company's Obligation to obtain an Officer's Certificate from the servicer and report any additions, removals and substitutions to investors on the relevant investor report, in each case, in accordance with the transaction agreements (the "<u>Applicable Servicing Criteria</u>").

<u>Third parties classified as vendors</u>: With respect to servicing criterion 1122(d)(4)(i), the Company engaged a vendor to handle certain Uniform Commercial Code filing obligations required by the servicing criterion. With respect to servicing criterion 1122(d)(2)(vi) for certain transactions in the ABS Platform, the Company engaged a vendor to make certain payments by check to investors and/or third parties, and such vendor also safeguards certain unissued checks. In each case, Management has determined that the vendor is not considered a "servicer" as defined in Item 1101(j) of Regulation AB, and Management elects to take responsibility for assessing compliance with the portion of the servicing criterion applicable to the vendor as permitted by the SEC's *Compliance and Disclosure Interpretation ("<u>C&DI</u>") 200.06, Vendors Engaged by Servicers ("<u>C&DI 200.06</u>")*. The Company has policies and procedures in place designed to provide reasonable assurance that the vendor's activities comply in all material respects with the servicing criterion applicable to the vendor. Management is solely responsible for determining that the Company meets the SEC requirements to apply *C&DI 200.06* for the vendor and the related servicing criterion.

With respect to the ABS Platform and the Period, Management provides the following assessment of the Company's compliance with respect to the Applicable Servicing Criteria:

1. Management is responsible for assessing the Company's compliance with the Applicable Servicing Criteria.

2. Management has assessed the Company's compliance with the Applicable Servicing Criteria including the servicing criterion for which compliance is determined based on *C&DI 200.06* as described above. In performing this assessment, Management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

3. With respect to Applicable Servicing Criteria 1122(d)(4)(xv), Management has determined that there were no activities performed during the Period with respect to the ABS Platform, because there were no occurrences of events that would require the Company to perform such activities.

4. Based on such assessment for the Period, the Company has complied in all material respects with the Applicable Servicing Criteria for the Period.

------

PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management's assessment of the Company's compliance with the Applicable Servicing Criteria for the Period.

---

| | |
|:---|:---|
| **Computershare Trust Company, National Association** | **Computershare Trust Company, National Association** |
| By: | /s/ Eileen R. O'Connor |
|  | Eileen R. O'Connor |
| Title: | Senior Vice President |
| Dated: | February 18, 2026 |

---

------

**Appendix A to the Company's Assessment of Compliance with the Applicable Servicing Criteria** 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**ABS Platform Transactions** | &nbsp;&nbsp;&nbsp;**ABS Platform Transactions** |
| &nbsp;&nbsp;&nbsp;**Deal Key** | **Long Name** |
| &nbsp;&nbsp;&nbsp; BANKONESER1 | Chase Issuance Trust |
| &nbsp;&nbsp;&nbsp; CARVANA2020P1 | Carvana Auto Receivables Trust 2020-P1 |
| &nbsp;&nbsp;&nbsp; CARVANA2021N1 | Carvana Auto Receivables Trust 2021-N1 |
| &nbsp;&nbsp;&nbsp; CARVANA2021N2 | Carvana Auto Receivables Trust 2021-N2 |
| &nbsp;&nbsp;&nbsp; CARVANA2021N3 | Carvana Auto Receivables Trust 2021-N3 |
| &nbsp;&nbsp;&nbsp; CARVANA2021N4 | Carvana Auto Receivables Trust 2021-N4 |
| &nbsp;&nbsp;&nbsp; CARVANA2021P1 | Carvana Auto Receivables Trust 2021-P1 |
| &nbsp;&nbsp;&nbsp; CARVANA2021P2 | Carvana Auto Receivables Trust 2021-P2 |
| &nbsp;&nbsp;&nbsp; CARVANA2021P3 | Carvana Auto Receivables Trust 2021-P3 |
| &nbsp;&nbsp;&nbsp; CARVANA2021P4 | Carvana Auto Receivables Trust 2021-P4 |
| &nbsp;&nbsp;&nbsp; CARVANA2022N1 | Carvana Auto Receivables Trust 2022-N1 |
| &nbsp;&nbsp;&nbsp; CARVANA2022P1 | Carvana Auto Receivables Trust 2022-P1 |
| &nbsp;&nbsp;&nbsp; CARVANA2022P2 | Carvana Auto Receivables Trust 2022-P2 |
| &nbsp;&nbsp;&nbsp; CARVANA2022P3 | Carvana Auto Receivables Trust 2022-P3 |
| &nbsp;&nbsp;&nbsp; CARVANA2023N1 | Carvana Auto Receivables Trust 2023-N1 |
| &nbsp;&nbsp;&nbsp; CARVANA2023N2 | Carvana Auto Receivables Trust 2023-N2 |
| &nbsp;&nbsp;&nbsp; CARVANA2023N3 | Carvana Auto Receivables Trust 2023-N3 |
| &nbsp;&nbsp;&nbsp; CARVANA2023N4 | Carvana Auto Receivables Trust 2023-N4 |
| &nbsp;&nbsp;&nbsp; CARVANA2023P1 | Carvana Auto Receivables Trust 2023-P1 |
| &nbsp;&nbsp;&nbsp; CARVANA2023P2 | Carvana Auto Receivables Trust 2023-P2 |
| &nbsp;&nbsp;&nbsp; CARVANA2023P3 | Carvana Auto Receivables Trust 2023-P3 |
| &nbsp;&nbsp;&nbsp; CARVANA2023P4 | Carvana Auto Receivables Trust 2023-P4 |
| &nbsp;&nbsp;&nbsp; CARVANA2023P5 | Carvana Auto Receivables Trust 2023-P5 |
| &nbsp;&nbsp;&nbsp; CARVANA2024N1 | Carvana Auto Receivables Trust 2024-N1 |
| &nbsp;&nbsp;&nbsp; CARVANA2024N2 | Carvana Auto Receivables Trust 2024-N2 |
| &nbsp;&nbsp;&nbsp; CARVANA2024N3 | Carvana Auto Receivables Trust 2024-N3 |
| &nbsp;&nbsp;&nbsp; CARVANA2024P1 | Carvana Auto Receivables Trust 2024-P1 |
| &nbsp;&nbsp;&nbsp; CARVANA2024P2 | Carvana Auto Receivables Trust 2024-P2 |
| &nbsp;&nbsp;&nbsp; CARVANA2024P3 | Carvana Auto Receivables Trust 2024-P3 |
| &nbsp;&nbsp;&nbsp; CARVANA2024P4 | Carvana Auto Receivables Trust 2024-P4 |
| &nbsp;&nbsp;&nbsp; CARVANA2025N1 | Carvana Auto Receivables Trust 2025-N1 |
| &nbsp;&nbsp;&nbsp; CARVANA2025P1 | Carvana Auto Receivables Trust 2025-P1 |
| &nbsp;&nbsp;&nbsp; CARVANA2025P2 | Carvana Auto Receivables Trust 2025-P2 |
| &nbsp;&nbsp;&nbsp; CARVANA2025P3 | Carvana Auto Receivables Trust 2025-P3 |
| &nbsp;&nbsp;&nbsp; CARVANA2025P4 | Carvana Auto Receivables Trust 2025-P4 |
| &nbsp;&nbsp;&nbsp; DTBLAST231 | Bridgecrest Lending Auto Securitization Trust 2023-1 |
| &nbsp;&nbsp;&nbsp; DTBLAST241 | Bridgecrest Lending Auto Securitization Trust 2024-1 |
| &nbsp;&nbsp;&nbsp; DTBLAST242 | Bridgecrest Lending Auto Securitization Trust 2024-2 |
| &nbsp;&nbsp;&nbsp; DTBLAST243 | Bridgecrest Lending Auto Securitization Trust 2024-3 |
| &nbsp;&nbsp;&nbsp; DTBLAST244 | Bridgecrest Lending Auto Securitization Trust 2024-4 |
| &nbsp;&nbsp;&nbsp; DTBLAST251 | Bridgecrest Lending Auto Securitization Trust 2025-1 |
| &nbsp;&nbsp;&nbsp; DTBLAST252 | Bridgecrest Lending Auto Securitization Trust 2025-2 |
| &nbsp;&nbsp;&nbsp; DTBLAST253 | Bridgecrest Lending Auto Securitization Trust 2025-3 |
| &nbsp;&nbsp;&nbsp; DTBLAST254 | Bridgecrest Lending Auto Securitization Trust 2025-4 |
| &nbsp;&nbsp;&nbsp; EART203 | Exeter Automobile Receivables Trust 2020-3 |
| &nbsp;&nbsp;&nbsp; EART212 | Exeter Automobile Receivables Trust 2021-2 |
| &nbsp;&nbsp;&nbsp; GMALT231 | GM Financial Automobile Leasing Trust 2023-1 |

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Appendix A-1

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**ABS Platform Transactions** | &nbsp;&nbsp;&nbsp;**ABS Platform Transactions** |
| &nbsp;&nbsp;&nbsp;**Deal Key** | **Long Name** |
| &nbsp;&nbsp;&nbsp; GMALT232 | GM Financial Automobile Leasing Trust 2023-2 |
| &nbsp;&nbsp;&nbsp; GMALT233 | GM Financial Automobile Leasing Trust 2023-3 |
| &nbsp;&nbsp;&nbsp; GMALT241 | GM Financial Automobile Leasing Trust 2024-1 |
| &nbsp;&nbsp;&nbsp; GMALT242 | GM Financial Automobile Leasing Trust 2024-2 |
| &nbsp;&nbsp;&nbsp; GMALT243 | GM Financial Automobile Leasing Trust 2024-3 |
| &nbsp;&nbsp;&nbsp; GMALT251 | GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1 |
| &nbsp;&nbsp;&nbsp; GMALT252 | GM Financial Automobile Leasing Trust 2025-2 |
| &nbsp;&nbsp;&nbsp; GMALT253 | GM Financial Automobile Leasing Trust 2025-3 |
| &nbsp;&nbsp;&nbsp; GMAMCAR241 | AmeriCredit Automobile Receivables Trust 2024-1 |
| &nbsp;&nbsp;&nbsp; GREENTREE961 | Green Tree Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996-1 |
| &nbsp;&nbsp;&nbsp; GREENTREE962 | Green Tree Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996-2 |
| &nbsp;&nbsp;&nbsp; NAVIENT151 | Navient Student Loan Trust 2015-1 |
| &nbsp;&nbsp;&nbsp; NAVIENT152 | Navient Student Loan Trust 2015-2 |
| &nbsp;&nbsp;&nbsp; NAVIENT153 | Navient Student Loan Trust 2015-3 |
| &nbsp;&nbsp;&nbsp; NSLT043 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2004-3 |
| &nbsp;&nbsp;&nbsp; NSLT044 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2004-4 |
| &nbsp;&nbsp;&nbsp; NSLT051 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-1 |
| &nbsp;&nbsp;&nbsp; NSLT052 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-2 |
| &nbsp;&nbsp;&nbsp; NSLT053 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-3 |
| &nbsp;&nbsp;&nbsp; NSLT054 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2005-4 |
| &nbsp;&nbsp;&nbsp; NSLT061 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2006-1 |
| &nbsp;&nbsp;&nbsp; NSLT062 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2006-2 |
| &nbsp;&nbsp;&nbsp; NSLT063 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2006-3 |
| &nbsp;&nbsp;&nbsp; NSLT071 | Nelnet Student Loan Trust Student Loan Asset Backed Notes Series 2007-1 |
| &nbsp;&nbsp;&nbsp; OAKWOOD2000C | Oakwood Mortgage Investors 2000-C Senior/Subordinate Pass- Through Certificates |
| &nbsp;&nbsp;&nbsp; OAKWOOD2000D | Oakwood Mortgage Investors Series 2000-D Senior/Subordinate Pass-Through Certificates |
| &nbsp;&nbsp;&nbsp; SDART204 | Santander Drive Auto Receivables Trust 2020-4 |
| &nbsp;&nbsp;&nbsp; SDART211 | Santander Drive Auto Receivables Trust 2021-1 |
| &nbsp;&nbsp;&nbsp; SDART254 | Santander Drive Auto Receivables Trust 2025-4 |

---

Appendix A-2

## Exhibit 34.1

**Exhibit 34.1**![LOGO](g114615dsp27.jpg)

**Report of Independent Registered Public Accounting Firm** 

To the Management of JPMorgan Chase Bank, National Association:

We have examined management's assertion, included in the accompanying *Certification Regarding Compliance with Applicable Servicing Criteria*, that JPMorgan Chase Bank, National Association (the "Bank") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the asset-backed securities transactions involving credit card receivables, for which transactions the Bank acted as servicer, that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, on or after January 1, 2006 (the "Platform"), as of December 31, 2025 and for the year then ended, excluding criteria 1122(d)(1)(iii), 1122(d)(2)(iii), 1122(d)(2)(vi), 1122(d)(3)(iii), 1122(d)(4)(i), 1122(d)(4)(ii), 1122(d)(4)(x), 1122(d)(4)(xi) 1122(d)(4)(xii), 1122(d)(4)(xiii), and 1122(d)(4)(xv), which the Bank has determined are not applicable to the activities performed by it with respect to the Platform. Appendix B to management's assertion identifies the individual asset-backed securities transactions defined by management as constituting the Platform.

As described in management's assertion, for servicing criteria 1122(d)(4)(iv), the Bank has engaged various vendors to perform the activities required by this servicing criteria. The Bank has determined that these vendors are not considered "servicers" as defined in Item 1101(j) of Regulation AB, and the Bank has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 200.06 of the SEC Division of Corporation Finance's interpretations of the rules adopted under Regulation AB and the Securities Act and the Exchange Act ("Interpretation 200.06"). As permitted by Interpretation 200.06, the Bank has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Bank is solely responsible for determining that it meets the SEC requirements to apply Interpretation 200.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Bank's determination of its eligibility to use Interpretation 200.06.

JPMorgan Chase Bank, National Association's management is responsible for its assertion and for the Bank's compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management's assertion about the Bank's compliance with the applicable servicing criteria based on our examination.

Our examination was conducted in accordance with the attestation standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the applicable servicing criteria is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Bank's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Bank processed those selected transactions and performed those selected

*PricewaterhouseCoopers LLP, 41 South High Street, Suite 2500, Columbus, OH, 43213* 

*T: (614) 225 1044, F: (614) 224 1044, www.pwc.com/us* 

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![LOGO](g114615dsp27.jpg)

activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Bank during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Bank during the period covered by this report. We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination does not provide a legal determination on the Bank's compliance with the servicing criteria.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements related to the engagement.

In our opinion, management's assertion that JPMorgan Chase Bank, National Association complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2025 for the asset-backed securities transactions involving credit card receivables, for which transactions the Bank acted as servicer, that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, on or after January 1, 2006 is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers LLP

March 30, 2026

(2)

## Exhibit 34.2

**Exhibit 34.2**![LOGO](g114615dsp27.jpg)

**Report of Independent Registered Public Accounting Firm** 

To the Audit Committee of Computershare Trust Company, National Association

We have examined management's assertion, included in the accompanying *Assessment of Compliance with the Applicable Servicing Criteria: Computershare Corporate Trust - ABS Platform* that Computershare Trust Company, National Association (the "Company") complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the asset-backed securities ("ABS") transactions for which the Company provides trustee (except Delaware trustee or owner trustee), paying agent services, and/or related services, either directly in the related role for such services or as the agent of the party performing such services, and for which either (i) some or all of the issued securities for such ABS transactions were publicly offered pursuant to a registration statement delivered under the Securities Act of 1933, as amended, or (ii) the issued securities for such ABS transactions were privately offered pursuant to an exemption from registration and the Company (and/or the party for whom it acts as agent) has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes (a) any transactions for which the securities issued are mortgage-backed securities or mortgage-related asset-backed securities and (b) any ABS transactions for which the issuing entity has a fiscal year that ends on a date other than the end of the calendar year (the "ABS Platform"), as of December 31, 2025 and for the year then ended ("Period"), excluding criteria 1122(d)(1)(v), 1122(d)(2)(iii), 1122(d)(3)(i)(B), 1122(d)(3)(i)(C), 1122(d)(3)(i)(D), 1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv), which Management has determined are not applicable to either the Company's obligations, or the obligations of the party for whom the Company ultimately acts as agent, in either case under the related transaction agreements with respect to the ABS Platform for the Period (as applicable, the "Company's Obligations"); provided however that, with respect to the ABS Platform (a) servicing criterion 1122(d)(3)(i)(A) is applicable only as it relates to the Company's Obligation to distribute or make available to investors, in accordance with the timeframes set forth in the transaction agreements, the relevant investor reports received by the Company from the entity preparing such reports; (b) servicing criterion 1122(d)(3)(ii) is applicable only as it relates to the Company's Obligation to make remittances to investors in accordance with the transaction agreements; and (c) servicing criterion 1122(d)(4)(iii) is applicable only as it relates to the Company's Obligation to obtain an Officer's Certificate from the servicer and report any additions, removals and substitutions to investors on the relevant investor report, in each case, in accordance with the transaction agreements.

As described in management's assertion, for servicing criterion 1122(d)(4)(i) and 1122(d)(2)(vi), the Company has engaged a vendor to perform the activities required by this servicing criterion. The Company has determined that this vendor is not considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criterion applicable to the vendor as permitted by Compliance and Disclosure Interpretation 200.06 of the SEC Division of Corporation Finance's interpretations of the rules adopted under Regulation AB and the Securities Act and the Exchange Act ("Interpretation 200.06"). As permitted by Interpretation 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendor's activities comply in all material respects with the servicing criterion applicable to the vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 200.06 for the vendor and related criterion as described in its assertion, and we performed no procedures with respect to the Company's determination of its eligibility to use Interpretation 200.06.

PricewaterhouseCoopers LLP, 101 Seaport Boulevard, Boston, MA 02210

T: (617) 530 5000, www.pwc.com/us

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![LOGO](g114615dsp27.jpg)

Appendix A to management's assertion identifies the individual asset-backed transactions and securities defined by management as constituting the ABS Platform.

The Company's management is responsible for its assertion and for the Company's compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the applicable servicing criteria based on our examination.

Our examination was conducted in accordance with the attestation standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management's assertion about compliance with the applicable servicing criteria is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the ABS Platform, testing of selected servicing activities related to the ABS Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements related to the engagement.

In our opinion, management's assertion that Computershare Trust Company, National Association complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2025 for the ABS Platform is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

February 18, 2026

Page 2 of 2

## Exhibit 35.1

**Exhibit 35.1** 

**SERVICER COMPLIANCE STATEMENT** 

**JPMorgan Chase Bank, National Association** 

**Chase Issuance Trust** 

The undersigned, an authorized officer of JPMorgan Chase Bank, National Association (the "Bank"), as servicer (in such capacity, the "Servicer"), pursuant to the Fifth Amended and Restated Transfer and Servicing Agreement, dated as of December 16, 2024 (as amended and supplemented from time to time, the "Agreement"), by and among the Bank, as Servicer, account owner and administrator, Chase Card Funding LLC, as transferor, Chase Issuance Trust, as issuing entity and Computershare Trust Company, National Association, as indenture trustee and collateral agent, does hereby certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Bank is, as of the date hereof, the Servicer under the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. A review of the Servicer's activities during the calendar year ended December 31, 2025 (the
"Reporting Period") and of its performance under the Agreement has been made under my supervision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under
the Agreement in all material respects throughout the Reporting Period.

IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 30<sup>th</sup> day of March 2026.

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| | | |
|:---|:---|:---|
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Servicer | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Servicer | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Servicer |
| By: | /s/ Maria Laura Sarcone | /s/ Maria Laura Sarcone |
|  | Name: | Maria Laura Sarcone |
|  | Title: | Managing Director |

---