Attached files
| file | filename |
|---|---|
| EX-35.1 - EXHIBIT 35.1 - Capital Auto Receivables Asset Trust 2014-3 | carat2014-3exhibit3512017.htm |
| EX-34.2 - EXHIBIT 34.2 - Capital Auto Receivables Asset Trust 2014-3 | carat2014-3exhibit3422017.htm |
| EX-33.2 - EXHIBIT 33.2 - Capital Auto Receivables Asset Trust 2014-3 | carat2014-3exhibit3322017.htm |
| EX-33.1 - EXHIBIT 33.1 - Capital Auto Receivables Asset Trust 2014-3 | carat2014-3exhibit3312017.htm |
| EX-31.1 - EXHIBIT 31.1 - Capital Auto Receivables Asset Trust 2014-3 | carat2014-3exhibit3112017.htm |
| 10-K - 10-K - Capital Auto Receivables Asset Trust 2014-3 | carat2014-312_31x1710xk.htm |
Exhibit 34.1
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Board of Directors
Ally Financial Inc.
We have examined management’s assertion, included in the accompanying Certification Regarding
Compliance with SEC Regulation AB Servicing Criteria, that Ally Financial Inc., including its wholly
owned subsidiary Ally Bank (collectively, the “Company”) complied with the servicing criteria set forth
in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the Consumer
Automotive Receivables Platform (the “Consumer Platform”) as of and for the year ended December
31, 2017, excluding criteria 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(vi), 1122(d)(4)(ix),
1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which management has
determined are not applicable to the activities performed by the Company with respect to the
Consumer Platform. The Consumer Platform consists of the activities involved in the performance of
servicing functions for all publicly and privately issued retail and lease transactions (including asset-backed
transactions). Management is responsible for the Company’s compliance with the servicing
criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s
compliance with the servicing criteria based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting
Oversight Board (United States), and, accordingly, included examining, on a test basis, evidence
about the Company’s compliance with the applicable servicing criteria, including tests on a sample
basis of the servicing activities related to the Consumer Platform, determining whether the Company
performed those selected activities in compliance with the servicing criteria during the specified
period, and performing such other procedures as we considered necessary in the circumstances. Our
procedures were limited to selected servicing activities performed by the Company during the period
covered by this report and, accordingly, such samples may not have included servicing activities
related to each asset-backed transaction included in the Consumer Platform. Further, an examination
is not designed to detect noncompliance arising from errors that may have occurred prior to the period
specified above 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 a
reasonable basis for our opinion. Our examination does not provide a legal determination on the
Company’s compliance with the servicing criteria.
As described in management’s assertion, for servicing criteria 1122(d)(4)(i), 1122(d)(4)(ii),
1122(d)(4)(iv), 1122(d)(4)(vi), 1122(d)(4)(vii) and 1122(d)(4)(viii), the Company has engaged
vendors to perform certain activities required by these servicing criteria. The Company has
determined that the vendors are 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
criteria applicable to the vendors as permitted by the SEC’s Compliance and Disclosure Interpretation
200.06, Vendors Engaged by Servicers (“C&DI 200.06”). As permitted by C&DI 200.06, the Company
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 the
vendors. The Company is solely responsible for determining that it meets the SEC requirements to
apply C&DI 200.06 for the vendors and related criteria as described in its assertion, and we performed
no procedures with respect to the Company's determination of its eligibility to apply C&DI 200.06.
In our opinion, management’s assertion that the Company complied with the aforementioned
applicable servicing criteria as of and for the year ended December 31, 2017, for the Consumer
Automotive Receivables Platform is fairly stated, in all material respects.
/s/ Deloitte & Touche LLP
Deloitte & Touche LLP
March 9, 2018