Company: CPSS
Filing Date: 2025-03-21
Form Type: 8-K
Source: 0001683168-25-001782
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Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-21
Form: 8-K
Item: Item 8.01
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Item 8.01. Other Events.

On March 20, 2025, the registrant announced the
closing of a $65 million securitization of residual interests from previously issued securitizations secured by an 80%
interest in a Consumer Portfolio Services, Inc. (“ CPS”) majority owned affiliate (“ MOA”) that owns the
residual interests in five CPS securitizations issued from October 2023 through September 2024.

The MOA interest includes 80% of the amounts on deposit in the underlying
spread accounts for each related securitization and 80% of the over-collateralization of each related securitization, which is the difference
between the outstanding principal balance of the related receivables less the outstanding principal balance of the notes associated with
the securitization. On each monthly payment date, the notes will be paid interest at the coupon rate and, if necessary, a principal payment
necessary to maintain a specified minimum collateral ratio.

CPS disclaims any implication that the agreements described in this report
are other than agreements entered into in the ordinary course of CPS's business.

Item 9.01. Financial Statements and Exhibits.