EDGAR 10-K Filing

Company CIK: 1780984
Filing Year: 2021
Filename: 1780984_10-K_2021_0001193125-21-096087.json

---

ITEM 1. BUSINESS

---

ITEM 1A. RISK FACTORS

---

ITEM 1B. UNRESOLVED STAFF COMMENTS
Item 1B. Unresolved Staff Comments.
Not Applicable.

---

ITEM 2. PROPERTIES

---

ITEM 3. LEGAL PROCEEDINGS

---

ITEM 4. MINE SAFETY DISCLOSURE
Item 4. Mine Safety Disclosures.
Not Applicable.
PART II
THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10-K:
(A) Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
(B) Item 6. Selected Financial Data.
(C) Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(D) Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
(E) Item 8. Financial Statements and Supplementary Data.
(F) Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
(G) Item 9A. Controls and Procedures.

---

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY

---

ITEM 6. SELECTED FINANCIAL DATA

---

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS

---

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

---

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

---

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

---

ITEM 9A. CONTROLS AND PROCEDURES

---

ITEM 9B. OTHER INFORMATION
Item 9B. Other Information.
None.
PART III
THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10-K:
(A) Item 10. Directors, Executive Officers and Corporate Governance.
(B) Item 11. Executive Compensation.
(C) Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
(D) Item 13. Certain Relationships and Related Transactions, and Director Independence.
(E) Item 14. Principal Accounting Fees and Services.
PART IV

---

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

---

ITEM 11. EXECUTIVE COMPENSATION

---

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

---

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

---

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

---

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Item 15. Exhibits, Financial Statement Schedules.
(a) (1) Not applicable.
(2) Not applicable.
(3) The exhibits filed in response to Item 601 of Regulation S-K are listed in Item 15(b) below.
(b) The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index below and either included or incorporated by reference as indicated.
EXHIBIT INDEX
Exhibit 3.1
Amended and Restated Certificate of Formation of the Depositor (incorporated by reference from Exhibit 3.1 to Form SF-3/A of Depositor filed with the Commission on March 24, 2016).
Exhibit 3.2
Amended and Restated Limited Liability Company Agreement of the Depositor (incorporated by reference from Exhibit 3.2 to Form SF-3/A of Depositor filed with the Commission on March 24, 2016).
Exhibit 4.1
Indenture, dated as of July 31, 2019, between the Issuing Entity and the Indenture Trustee, and acknowledged and accepted by the Depositor and USAA Federal Savings Bank (incorporated by reference from Exhibit 4.1 to the Issuing Entity’s filing on Form 8-K filed with the Commission on August 1, 2019).
Exhibit 10.1
Purchase Agreement, dated as of July 31, 2019, between USAA Federal Savings Bank, as seller, and the Depositor (incorporated by reference from Exhibit 10.1 to the Issuing Entity’s filing on Form 8-K filed with the Commission on August 1, 2019).
Exhibit 10.2
Sale and Servicing Agreement, dated as of July 31, 2019, among the Issuing Entity, the Depositor, USAA Federal Savings Bank, as servicer, and the Indenture Trustee (incorporated by reference from Exhibit 10.2 to the Issuing Entity’s filing on Form 8-K filed with the Commission on August 1, 2019).
Exhibit 10.3
Administration Agreement, dated as of July 31, 2019, between the Issuing Entity and the Administrator, and acknowledged and accepted by the Indenture Trustee (incorporated by reference from Exhibit 10.3 to the Issuing Entity’s filing on Form 8-K filed with the Commission on August 1, 2019).
Exhibit 10.4
Amended and Restated Trust Agreement, dated as of July 31, 2019, between the Depositor and the Owner Trustee (incorporated by reference from Exhibit 10.4 to the Issuing Entity’s filing on Form 8-K filed with the Commission on August 1, 2019).
Exhibit 10.5
Asset Representations Review Agreement, dated as of July 31, 2019, among USAA Federal Savings Bank, the Issuing Entity and Clayton Fixed Income Services LLC (incorporated by reference from Exhibit 10.5 to the Issuing Entity’s filing on Form 8-K filed with the Commission on August 1, 2019).
Exhibit 31
Certification of Senior Officer in Charge of Securitization of the Depositor Pursuant to Rule 15d-14(d).
Exhibit 33.1
Report on Assessment of Compliance with Applicable Servicing Criteria of USAA Federal Savings Bank.
Exhibit 33.2
Report on Assessment of Compliance with the Servicing Criteria of U.S. Bank National Association.
Exhibit 34.1
Attestation Report on Assessment of Compliance with the Servicing Criteria of Ernst & Young LLP, on behalf of USAA Federal Savings Bank.
Exhibit 34.2
Attestation Report on Assessment of Compliance with Servicing Criteria of Ernst & Young, on behalf of U.S. Bank National Association.
Exhibit 35.1
Annual Servicer Compliance Statement of the Servicer for the period beginning January 1, 2020 and ended December 31, 2020.
(c) None.