Company: CPSS
Filing Date: 2025-11-24
Form Type: 424B2
Source: 0001683168-25-008655
Chunk: 53

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-11-24
Form: 424B2
Chunk 53
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 the notes then outstanding by notice to the trustee may, on behalf of the holders of all of the notes,
waive any existing default or event of default and its consequences under the indenture, except:

| · | a continuing default or event of default in the payment of interest on, or the principal of, a note held by a non-consenting holder; or |
| · | a waiver that would conflict with any judgment or decree.                                                                               |

We are required to deliver
to the trustee within 120 days of the end of our fiscal year a certificate regarding compliance with the indenture, and we are required,
upon becoming aware of any default or event of default, to deliver to the trustee a certificate specifying such default or event of default
and what action we are taking or propose to take with respect to the default or event of default.

Amendment, Supplement and Waiver.Except as provided in this prospectus or the indenture, the terms of the indenture or the notes then outstanding may be
amended or supplemented with the consent of the holders of at least a majority in principal amount of the notes then outstanding, and
any existing default or compliance with any provision of the indenture or the notes may be waived with the consent of the holders of a
majority in principal amount of the then outstanding notes.

Notwithstanding the foregoing,
an amendment or waiver will not be effective with respect to the notes held by a holder who has not consented if it has any of the following
consequences:

| · | reduces the aggregate principal amount of notes whose holders must consent to an amendment, supplement or waiver;                                                                                                                                                                                                        |
| · | reduces the principal of or changes the fixed maturity of any note or alters the repurchase or redemption provisions or the price at which we shall offer to repurchase or redeem the note;                                                                                                                              |
| · | reduces the rate of or changes the time for payment of interest, including default interest, on any note;                                                                                                                                                                                                                |
| · | waives a default or event of default in the payment of principal or interest on the notes, except a rescission of acceleration of the notes by the holders of at least a majority in aggregate principal amount of the then outstanding notes and a waiver of the payment default that resulted from such acceleration;. |
| · | makes any note payable in money other than that stated in this prospectus;                                                                                                                                                                                                                                               |
| · | makes any change in the provisions of the indenture relating to waivers of past defaults or the rights of holders of notes to