Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 85

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 85
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2 to this report.

Internal Control. Management’s
Report on Internal Control over Financial Reporting is included in this Annual Report, immediately below. During the fiscal quarter
ended December 31, 2024, there were no changes in our internal control over financial reporting that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.

Management’s Report
on Internal Control over Financial Reporting.  We are responsible for establishing and maintaining adequate internal control
over financial reporting as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934. Our internal control over financial
reporting is designed to provide reasonable assurance to our management and Board of Directors regarding the preparation and fair presentation
of published financial statements.

Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective
can only provide reasonable assurance with respect to financial statement preparation and presentation.

Management, with the participation
of the Chief Executive and Chief Financial Officers, assessed the effectiveness of our internal control over financial reporting as of
December 31, 2024. In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in the 2013 Internal Control — Integrated Framework. Based on this assessment, management, with the
participation of the Chief Executive and Chief Financial Officers, believes that, as of December 31, 2024, our internal control over financial
reporting is effective based on those criteria.

Our internal control over
financial reporting as of December 31, 2024, has been audited by Crowe LLP, an independent registered public accounting firm, as stated
in their report which is included herein.

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Item 9B. Other Information

During the quarter ended December 31, 2024, no
director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is
defined in Item 408(a) of Regulation S-K.

Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent
Inspections

Not Applicable.

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PART III

Item 10. Directors, Executive Officers and Corporate Governance.

Directors

The names of the Company’s directors, their principal occupations,
and certain other information regarding them are set forth below.