SERVICER'S CERTIFICATE
CHEVY CHASE AUTO RECEIVABLES TRUST
2001-2
2.77313% AUTO RECEIVABLES BACKED
CERTIFICATES, CLASS A-1
2.97% AUTO RECEIVABLES BACKED CERTIFICATES,
CLASS A-2
3.80% AUTO RECEIVABLES BACKED CERTIFICATES,
CLASS A-3
4.44% AUTO RECEIVABLES BACKED CERTIFICATES,
CLASS A-4
5.16% AUTO RECEIVABLES BACKED CERTIFICATES,
CLASS B
Payment Date:
December 15, 2005
Collection Period: November, 2005
Record Date:
December 14, 2005
Under the Sale and Servicing Agreement,
dated as of September 1, 2000
among Chevy Chase Bank, F.S.B. (as "Seller"
and "Servicer"),
Chevy Chase Auto Receivables Trust 2001-2
(the "Trust") and
US Bank National Association, as indenture
trustee, the Servicer
is required to prepare certain information
each month regarding
current distributions to Noteholders and
the performance of the
Trust during the previous month.
The information which
is required
to be prepared with respect to the Payment
Date and Collection
Period listed above is set forth below.
Certain of the information
is presented on the basis of an original
principal amount of
$1,000 per Note, and certain other
information is presented based
upon the aggregate amounts for the Trust as
a whole.
A. Information Regarding the Current
Monthly Distribution.
1. Class A-1 Notes
(a) The aggregate amount of the
distribution
to Class A-1
Noteholders on the Payment Date $
0.00
(b) The amount of the distribution set
forth
in
paragraph (a) above allocable to principal,
including any
overdue principal
$
0.00
(c) The amount of the distribution
set forth in
paragraph (a) above allocable
to interest,
including any overdue interest $
0.00
(d) The amount of the distribution set
forth
in paragraph (a)
above, per Class A-1 Note
in a principal
amount of $1,000
$
0.0000000
(e) The amount of the distribution set
forth
in paragraph (b)
above, per Class A-1 Note
in a principal
amount of $1,000
$
0.0000000
(f) The amount of the distribution set
forth
in paragraph (c)
above, per Class A-1 Note
in a principal
amount of $1,000
$
0.0000000
2. Class A-2 Notes
(a) The aggregate amount of the
distribution
to Class A-2
Noteholders on the Payment Date $
0.00
(b) The amount of the distribution set
forth
in paragraph (a)
above allocable to principal,
including any
overdue principal
$
0.00
(c) The amount of the distribution set
forth
in paragraph (a)
above allocable to interest,
including any
overdue interest
$
0.00
(d) The amount of the distribution set
forth
in paragraph (a)
above, per Class A-2 Note
in a principal
amount of $1,000
$
0.0000000
(e) The amount of the distribution set
forth
in paragraph (b)
above, per Class A-2 Note
in a principal
amount of $1,000
$
0.0000000
(f) The amount of the distribution set
forth
in paragraph (c)
above, per Class A-2 Note
in a principal
amount of $1,000
$
0.0000000
3. Class A-3 Notes
(a) The aggregate amount of the
distribution
to Class A-3
Noteholders on the Payment Date $ 0.00
(b) The amount of the distribution set
forth
in paragraph (a)
above allocable to principal,
including any
overdu
