Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1256

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7A
Chunk 1256
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 and cash flows.

 49 

Item 8. Financial Statements and Supplementary Data

This report includes Consolidated Financial Statements,
notes thereto and an Independent Auditors’ Report, at the pages indicated below, in the "Index
to Financial Statements."

Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure

Not applicable.

Item 9A. Controls and Procedures

Disclosure Controls and
Procedures.  Under the supervision and with the participation of the Company’s Chief Executive Officer and Chief Financial
Officer, management of the Company has evaluated the effectiveness of the design and operation of the Company’s disclosure controls
and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the "Exchange
Act") as of December 31, 2024 (the "Evaluation
Date"). Based upon that evaluation, the Chief Executive Officer and
Chief Financial Officer concluded that, as of the Evaluation Date, the Company’s disclosure controls and procedures are effective
(i) to ensure that information required to be disclosed by us in reports that the Company files or submits under the Exchange Act
is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange
Commission; and (ii) to ensure that information required to be disclosed in the reports that the Company files or submits under the
Exchange Act is accumulated and communicated to our management, including the Company’s Chief Executive Officer and Chief Financial
Officer, to allow timely decisions regarding required disclosures. The certifications of our Chief Executive Officer and Chief Financial
Officer required under Section 302 of the Sarbanes-Oxley Act have been filed as Exhibits 31.1 and 31.2 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