Common use of Credit Risk Retention Clause in Contracts

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13, 2020 (the “Agreement”), among Toyota Auto Receivables 2020-D Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER SERVICER I hereby certify to the best of my knowledge that the report provided is true and correct. ____________________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13February 12, 2020 (the “Agreement”), among Toyota Auto Receivables 2020-D A Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER . I hereby certify to the best of my knowledge that the report provided is true and correct. ____________________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13August 14, 2020 2019 (the “Agreement”), among Toyota Auto Receivables 20202019-D C Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] . SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 1317, 2020 2024 (the “Agreement”), among Toyota Auto Receivables 20202024-D Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13April 29, 2020 (the “Agreement”), among Toyota Auto Receivables 2020-D B Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] . SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13July 30, 2020 2024 (the “Agreement”), among Toyota Auto Receivables 20202024-D C Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER . I hereby certify to the best of my knowledge that the report provided is true and correct. ____________________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October November 13, 2020 2019 (the “Agreement”), among Toyota Auto Receivables 20202019-D Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] . SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13August 15, 2020 2023 (the “Agreement”), among Toyota Auto Receivables 20202023-D C Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] . SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13April 30, 2020 2024 (the “Agreement”), among Toyota Auto Receivables 20202024-D B Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] Servicer's Certificate for the Collection Period [x] through [x] for Payment Date of [x] Toyota Auto Receivables 2020-C Owner Trust Toyota Auto Finance Receivables, LLC SELLER Toyota Motor Credit Corporation SERVICER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: EXHIBIT B FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13July 27, 2020 (the “Agreement”), among Toyota Auto Receivables 2020-D C Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] . SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13November 14, 2020 2023 (the “Agreement”), among Toyota Auto Receivables 20202023-D Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER . I hereby certify to the best of my knowledge that the report provided is true and correct. ____________________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13May 8, 2020 2019 (the “Agreement”), among Toyota Auto Receivables 20202019-D B Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “DepositorSeller”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that:

Credit Risk Retention. On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] . SELLER I hereby certify to the best of my knowledge that the report provided is true and correct. ___________________________________________ Name: Title: FORM OF ANNUAL CERTIFICATION Re: The Sale and Servicing Agreement, dated as of October 13January 30, 2020 2024 (the “Agreement”), among Toyota Auto Receivables 20202024-D A Owner Trust (the “Issuer”), Toyota Auto Finance Receivables LLC (“TAFR LLC” or the “Depositor”) and Toyota Motor Credit Corporation (the “Servicer”). I, ________________________________, the _______________________ [NAME OF COMPANY] (the “Company”), certify to the Issuer and the Depositor, and their officers, with the knowledge and intent that they will rely upon this certification, that: