Item 1.01 Entry Into a Material Definitive Agreement.

On August 12, 2022, Credit Acceptance Corporation (the "Company", "Credit Acceptance", "we", "our", or "us") and Credit Acceptance Funding LLC 2019-2 entered into Amendment No. 1 to Loan and Security Agreement and Backup Servicing Agreement (the "Amendment") with Wells Fargo Bank, National Association, extending by three years the $500.0 million asset-backed non-recourse secured financing that we entered into on August 28, 2019 and to which we refer as Term ABS 2019-2. Under the Amendment, the date on which Term ABS 2019-2 will cease to revolve has been extended from August 15, 2022 to August 15, 2025. The Amendment also increased the interest rate applicable to Term ABS 2019-2 from 3.13% to 5.15% and decreased the servicing fee from 6.0% to 4.0% of collections on the underlying consumer loans.

There were no other material changes to the terms of Term ABS 2019-2.

Wells Fargo Bank, National Association and/or its affiliates have from time to time performed and may in the future perform various financial advisory, commercial banking, investment banking and other services for us and our affiliates in the ordinary course of business, for which they have received or will receive customary compensation. Wells Fargo Bank, National Association and/or its affiliates are lenders, agents or backup servicers under certain of our revolving secured warehouse facilities and are parties to certain of our asset-backed securities transactions other than Term ABS 2019­2.

The above description of the Amendment does not purport to be complete and is qualified in its entirety by the Amendment, a copy of which is attached as Exhibit 4.102 to this Form 8-K and incorporated herein by reference.

Item 8.01 Other Events.

On August 12, 2022, we issued a press release relating to the Amendment. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

Exhibit No.           Description
        4.102         Amendment No. 1 to Loan and Security Agreement and Backup Servicing
                      Agreement, dated as of August 12, 2022, by and among the Company, Credit
                      Acceptance Funding LLC 2019-2 and Wells Fargo Bank, National Association.
        99.1          Press release dated August 12, 2022
         104          Cover Page Interactive Data File - the cover page XBRL tags are embedded
                      within the Inline XBRL document

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