Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 940

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 940
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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 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