Exhibit 31.1
CERTIFICATION
I, Jeffry Ciongoli, certify that:
1.
I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in
respect of the period covered by this report on Form 10-K of the Corporate Backed Callable Trust Certificates, J.C.
Penney Debenture-Backed Series 2007-1 Trust (the "Exchange Act periodic reports");
2.
Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;
3.
Based on my knowledge, all of the distribution servicing and other information required to be
provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;
4.
Based on my knowledge and the servicer compliance statement required in this report under
Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer has fulfilled
its obligations under the servicing, or similar, agreement in all material respects; and
5.
All of the reports on assessment of compliance with servicing criteria for asset-backed
securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed
securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act
Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report.
Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.
In giving the certifications above, I have reasonably relied on information provided to me by the following
unaffiliated party: U.S. Bank National Association, as Trustee.
Date: March 27, 2020
By: /s/ Jeffry Ciongoli
Name: Jeffry Ciongoli
Title: Vice President and Assistant Treasurer
(Senior Officer in charge of securitization of the Depositor)
