EFCAR, LLC Retains Counsel for Form SF-3 Registration

What Happened

• EFCAR, LLC filed an 8-K on August 31, 2026, announcing that it has retained Morgan, Lewis & Bockius LLP as counsel in connection with its Registration Statement on Form SF-3 (Commission File No. 333-292293) related to various transactions.
• The filing attaches legal opinions from Morgan, Lewis & Bockius LLP and Richards, Layton & Finger, P.A., which the company says will be incorporated into the Form SF-3.

Key Details

• Retained counsel: Morgan, Lewis & Bockius LLP for the Form SF-3 registration.
• Registration: Form SF-3, Commission File No. 333-292293.
• Exhibits filed: legal opinions included as Exhibits 5.1, 5.2 and 8.1; consents of the law firms are included (Exhibits 23.1 and 23.2).
• Filing date: August 31, 2026 (SEC Accession No. 0000929638-26-003358).

Why It Matters

• Retaining outside counsel and including formal legal opinions are standard, material steps when a company prepares a securities registration (Form SF-3). These opinions address issues like legality, enforceability and certain tax matters and are required for the registration document.
• For investors, this confirms EFCAR is taking procedural and legal steps toward completing the registered transactions or offering; the filing does not disclose transaction terms, amounts, or financial impacts.