1.
Pursuant to Subpart 229.1100 -- Asset Backed Securities, 17 C.F.R. 229.1100-
229.1123 (
"Regulation AB"), Regulus Group LLC, for itself and its wholly-owned
subsidiaries (individually and collectively
" Regulus"), is responsible for assessing its
compliance with the servicing criteria a pplicable to the remittance processing services it
provides to customers who are issuers or servicers of asset backed securities transactions
and who have requested confirmation of Regulus' compliance in connection with loan
and/or receivables portfolios that include pool assets for asset backed securities
transactions (the
"Platform"). Remittance processing is a service whereby check payments
that are remitted by mail to a post office box are collected, processed through a highly
automated data capture system, and prepared
for deposit to a bank account held by the
beneficiary of the payment.
2.
The servicing criteria set forth in Item 1122(d) of Regulation AB were used in Regulus'
assessment of compliance. Regulus has concluded that the servicing criteria set forth in
Items 1122(d)(2)(i) and 1122(d)(4)(iv) of Regulation AB are applicable to the servicing
activities it performs with respect to the Platform (such criteria the " Applicable Servicing
Criteria"). Regulus has concluded that the remainder of the servicing criteria set forth in
Item 1122(d) of Regulation AB are inapplicable to the activities it performs with respect to
the Platform because Regulus does not participate in the servicing activities referenced by
such servicing criteria.
3.
As of and for the year ended
December 31, 2007, Regulus has complied in all material
respects with the Applicable Servicing Criteria set forth in Item 1122(d) of Regulation
AB.