Item 1. Business. Item 1A.
Item 1A. Risk Factors. Item 1B.
Item 1B. Unresolved Staff Comments. Item 2.
Item 2. Properties. Item 3.
Item 3. Legal Proceedings. Item 4.
Item 4. Submission of Matters to a Vote of Security Holders. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. None. Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities. Item 6.
Item 6. Selected Financial Data. Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Item 8.
Item 8. Financial Statements and Supplementary Data. Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Item 9A.
Item 9A. Controls and Procedures. PART II Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Item 9A(T). Controls and Procedures. Item 9B.
Item 9B. Other Information. No disclosure is required to be provided. Item 10.
Item 10. Directors and Executive Officers and Corporate Governance. Item 11.
Item 11. Executive Compensation. Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. Item 13.
Item 13. Certain Relationships and Related Transactions, and Director Independence. Item 14.
Item 14. Principal Accounting Fees and Services. PART III Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable.
Item 1112(b) of Regulation AB. Item 1117 of Regulation AB. Item 1119 of Regulation AB. Item 1122 of Regulation AB. Servicer Compliance Statement. Significant Obligors of Pool Assets (Financial Information). Legal Proceedings. Affiliations and Certain Relationships and Related Transactions. Compliance with Applicable Servicing Criteria Item 1123 of Regulation AB. There are no legal proceedings pending, or any proceedings known to be contemplated by governmental authorities,
against the depositor, the issuing entity, the sponsor, the master servicer, the indenture trustee, the owner trustee or
the receivables servicer, or any property thereof, that is material to the holders of notes. No disclosure is required to be provided. No disclosure is required to be provided. No disclosure is required to be provided Item 1115(b) of Regulation AB. Provided previously in the prospectus supplement of the depositor relating to the issuing entity and filed pursuant to
Rule 424 of the Securities Act of 1933, as amended. CenterOne Financial Services LLC, as receivables servicer, Merrill Lynch Bank USA, as administrator, and U.S. Bank
National Association, as master servicer and securities administrator (collectively, the "Servicing Parties") have each
been identified as parties participating in the servicing function with respect to the asset pool held by the issuing entity.
Each of the Servicing Parties has completed a report on an assessment of compliance with the servicing criteria applicable
to it (each, a "Servicing Report"), which Servicing Reports are attached as exhibits to this Form 10-K. In addition, each
of the Servicing Parties has provided an attestation report under Item 1122 of Regulation AB (each, an "Attestation
Report") by a registered public accounting firm, which reports are also attached as exhibits to this Form 10-K. None of
the Servicing Reports or the corresponding Attestation Reports has identified any material instance of noncompliance
with the servicing criteria applicable to the respective Servicing Party. Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain
Derivatives Instruments (Information Regarding Significant
Enhancement Providers Financial Information). CenterOne Financial Services LLC, as receivables servicer, and U.S. Bank National Association, as master servicer have
each been identified as a servicer with respect to the asset pool held by the issuing entity. Each such servicer has
completed a statement of compliance, signed by an authorized officer, which is attached as an exhibit to this Form 10-K. Certain Derivatives Instruments (Financial Information). SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2) TO FORM 10-K.
Item 15.
Item 15. Exhibits, Financial Statement Schedules. b) See (a) above
c) Not Applicable. PART IV a) 1. Not Applicable.
2. Not Applicable. 3. Exhibit 4.1 Exhibit 33 Item 1122 Compliance with Applicable Servicing Criteria - Assessments Exhibit 34 Item 1122 Compliance with Applicable Servicing Criteria - Attestations Exhibit 35 Item 1123 Servicer Compliance Statement Exhibit 31 Rule 13a-18/15d-18 Certification (Section 302 Certification) a) CenterOne Financial LLC, as Receivables Servicer and Custodian
b) Merrill Lynch Bank USA, as Administrator
c) U.S. Bank National Association, as Master Servicer and Securities Administrator a) CenterOne Financial LLC, as Receivables Servicer and Custodian
b) Merrill Lynch Bank USA, as Administrator
c) U.S. Bank National Association, as Master Servicer and Securities Administrator a) CenterOne Financial LLC, as Receivables Servicer
b) U.S. Bank National Association, as Master Servicer
SIGNATURES 3/27/2008 /s/ Bryan Calder Bryan Calder
President Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized. U.S. Bank National Association, as Master Servicer Merrill Auto Trust Securitization 2007-1 (Senior Officer in Charge of the Servicing Function) Title: By (Signature and Title): Name: Date
EXHIBIT INDEX EXHIBIT DESCRIPTION Exhibit 33 Item 1122 Compliance with Applicable Servicing Criteria - Assessments Exhibit 34 Item 1122 Compliance with Applicable Servicing Criteria - Attestations Exhibit 35 Item 1123 Servicer Compliance Statement Exhibit 31 Rule 13a-18/15d-18 Certification (Section 302 Certification) a) CenterOne Financial LLC, as Receivables Servicer and Custodian
b) Merrill Lynch Bank USA, as Administrator
c) U.S. Bank National Association, as Master Servicer and Securities Administrator a) CenterOne Financial LLC, as Receivables Servicer and Custodian
b) Merrill Lynch Bank USA, as Administrator
c) U.S. Bank National Association, as Master Servicer and Securities Administrator a) CenterOne Financial LLC, as Receivables Servicer
b) U.S. Bank National Association, as Master Servicer