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The 10-K filing for BMW Vehicle Lease Trust 2024-1, covering the fiscal year ended December 31, 2025, emphasizes regulatory compliance and operational stability rather than traditional financial performance metrics, as detailed financial statements are omitted pursuant to General Instruction J to Form 10-K. BMW Financial Services NA, LLC (servicer) and U.S. Bank Trust Company, National Association (indenture trustee) each delivered Reports on Assessment confirming compliance in all material respects with Item 1122(d) servicing criteria for the 2025 Reporting Period. Independent attestations by CohnReznick LLP and Ernst & Young LLP respectively affirmed these assertions without qualification. No material instances of noncompliance were noted. Key disclosures include no single obligor representing 10% or more of the pool assets, absence of external credit enhancements or derivatives supporting 10% or more of cash flows for any note class, and no material legal proceedings against the issuing entity, depositor, or sponsor. Trustee disclosures detail unrelated litigations in RMBS and student loan trusts, all contested vigorously with no anticipated material impact on noteholders. The Servicer Compliance Statement verifies fulfillment of servicing obligations. This filing reassures investors of robust servicing, administrative controls, and minimal concentration risks, supporting the trust's payment priorities amid its vehicle lease asset pool.