In a recent Securities and Exchange Commission (SEC) filing, Onslow Bay Funding LLC, listed as the Depositor and bearing the SEC CIK number 0001658638, submitted an ABS-15G form. This filing is significant as it pertains to the disclosure and reporting requirements for asset-backed securities under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The ABS-15G form requires the disclosing entity to affirm that it has evaluated the effectiveness of its internal control over the process for ensuring the accuracy of the asset data.
Onslow Bay Funding LLC is the company that submitted the SEC filing. As a Depositor, the company plays a crucial role in securitization transactions by organizing and initiating the process of securitizing assets. For more information about Onslow Bay Funding LLC, you can visit their website here.
The ABS-15G form is a specialized SEC filing related to asset-backed securities. It is designed to provide transparency and accountability in the asset-backed securities market by requiring the disclosing entity to disclose any potential material weaknesses in its internal control processes related to the accuracy of asset data. This form helps investors make informed decisions by ensuring that the information provided about the underlying assets is reliable and accurate.
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Onslow Bay Funding LLC Files ABS-15G Form with SEC
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