Exhibit 35.3
ANNUAL COMPLIANCE CERTIFICATE
General Electric Capital Corporation (the “Servicer”) hereby certifies as of December 31, 2006 as follows:
1. The undersigned has reviewed, for the period beginning January 1, 2006 and ending December 31, 2006 (the “Reporting Period”): (a) the activities of the Servicer as they related to the Amended and Restated Service Agreement, dated as of May 25, 2006, between the Servicer and GE Money Bank (the “Agreement”) and (b) the Servicer’s performance under the Agreement. The performance by the Servicer of its obligations under the Agreement has been made by persons under the direct supervision of the undersigned.
2. Except as described below, to the best knowledge of the undersigned, based on my review of the Servicer’s performance under the Agreement, the Servicer has fulfilled all of its obligations under the Agreement in all material respects for the Reporting Period. With respect to a limited number of accounts in certain retailer portfolios that were initially classified as delinquent and subsequently corrected to current status, the APR was not accurately calculated due to a system error. Due to the system error, after the correction to current status, these accounts continued to reflect an increased APR charged to delinquent accounts rather than the correct lower APR. The Servicer is currently working to complete its analysis of the issue.
This report is delivered pursuant to Item 1123 of Regulation AB.
| GENERAL ELECTRIC CAPITAL |
| CORPORATION |
| |
| By: | /s/ ROBERT GREEN |
| Name: | Robert Green |
| Title: | Vice President |
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