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The 10-K filing for BMW Vehicle Lease Trust 2024-2, an asset-backed securities issuing entity backed by BMW vehicle leases, covers the fiscal year ended December 31, 2025, filed on March 24, 2026. As an ABS trust, traditional financial statements are omitted per General Instruction J. Key disclosures confirm no single obligor represents 10% or more of the pool assets. No external credit enhancement or support from any entity or group exceeds 10% of cash flows for the Notes or Certificate. No derivative instruments alter payment characteristics. Servicing participants BMW Financial Services NA, LLC (BMW FS) and U.S. Bank Trust Company, National Association complied in all material respects with applicable Regulation AB Item 1122(d) servicing criteria for the 2025 reporting period (January 1 to December 31, 2025), as asserted in their assessments and attested by CohnReznick LLP and Ernst & Young LLP, respectively. BMW FS's servicer compliance statement affirms fulfillment of servicing agreement obligations. Legal proceedings disclosures note no material actions against BMW FS, BMW Auto Leasing LLC, BMW Manufacturing L.P., Financial Services Vehicle Trust, or the issuing entity impacting noteholders. Disclosures from trustees detail unrelated RMBS and student loan litigations, deemed non-material. This filing highlights robust servicing compliance and absence of significant risks to pool assets or note payments.