Company: CPSS
Filing Date: 2025-07-28
Form Type: 8-K
Source: 0001683168-25-005440
Chunk: 2

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-07-28
Form: 8-K
Item: Item 1.01
Chunk 2
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ivables that otherwise would
be released to Subsidiary would instead be directed entirely toward repayment of the Notes. Events of default include such events as failure
to make required payments on the Notes, breaches of warranties, representations or covenants under any of the agreements or specified
bankruptcy-related events.

At such time as the aggregate outstanding principal balance of the
Receivables is less than 10% of the initial aggregate balance of $433.5 million, CPS will have the option to purchase the Trust estate
at fair market value, provided that such purchase price is sufficient to cause the Notes to be redeemed and paid in full, and to cause
other obligations of the Trust to be met.

Item 9.01. Financial Statements and Exhibits.