Company: CPSS
Filing Date: 2025-05-23
Form Type: 424B2
Source: 0001683168-25-003971
Chunk: 45

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-23
Form: 424B2
Chunk 45
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 which case the principal amount will be repaid in full along with any accrued but unpaid interest. If you choose this option, your note will not earn interest on or after the maturity date.                                                                                                                                                                                                          |
| · | You can elect repayment of your note and use all or part of the proceeds to purchase a new note with a different term or principal amount. To exercise this option, you will need to complete a subscription agreement for the new note and mail it along with your request. The issue date of the new note will be the maturity date of the old note. Any proceeds from the old note that are not applied to the new note will be sent to you. |
| · | If your note pays interest only at maturity, you can receive the accrued interest that you have earned during the note term just ended while allowing the principal amount of your note to roll over and renew for the same term at the interest rate then in effect. To exercise this option, you will need to call  or send a written request to us.                                                                                          |

The foregoing options will
be available to holders until termination or redemption under the indenture and the notes by either the holder or us. Interest will accrue
from the first day of each renewed term. Each renewed note will retain all its original provisions, including provisions relating to payment,
except that the interest rate payable during any renewal term will be the interest rate that is being offered at that time to other holders
with similar aggregate note portfolios for notes of the same term as set forth in the interest rate supplement delivered with the maturity
notice. If similar notes are not then being offered, the interest rate upon renewal will be the rate specified by us on or before the
maturity date, or the rate of the existing note if no such rate is specified.

| 31 |

If we notify the holder of
our intention to repay a note at maturity, we will pay the holder the principal amount and any accrued but unpaid interest on the stated
maturity date. Similarly, if, within 15 days after a note’s stated maturity date (or during any applicable extension of the 15 day
period, as described below), the holder requests repayment with respect to a note, we will pay the holder the principal amount of the
note plus accrued but unpaid interest up to, but not including, the note’s stated maturity date. In the event that a holder’s
regularly scheduled interest payment date falls after the maturity date of the note but before the date on which the holder requests repayment,