Repurchases and replacements
(e) Repurchases and replacements. (1) If the underlying transaction agreements provide a covenant to repurchase or replace an underlying asset for breach of a representation or warranty, provide in the body of the prospectus for the prior three years, the information required by Rule 15Ga-1(a) (17 CFR 240.15Ga-1(a)) concerning all assets securitized by the sponsor that were the subject of a demand to repurchase or replace for breach of the representations and warranties concerning the pool assets for all asset-backed securities (as that term is defined in Section 3(a)(79) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(79)) where the underlying transaction agreements included a covenant to repurchase or replace an underlying asset of the same asset class held by non-affiliates of the sponsor, except that: (i) For prospectuses to be filed pursuant to 230.424 of this chapter prior to February 14, 2013, information may be limited to the prior year; and (ii) For prospectuses to be filed pursuant to 230.424 of this chapter on or after February 14, 2013 but prior to February 14, 2014, information may be limited to the prior two years. (2) Include a reference to the most recent Form ABS-15G filed by the securitizer (as that term is defined in Section 15G(a) of the Securities Exchange Act of 1934) in response to Rule 15Ga-1 and disclose the CIK number of the securitizer. (3) For prospectuses to be filed pursuant to 230.424 of this chapter, the information presented shall not be more than 135 days old.