Company: CPSS
Filing Date: 2025-05-23
Form Type: 424B2
Source: 0001683168-25-003971
Chunk: 60

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-23
Form: 424B2
Chunk 60
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and we are provided a properly executed IRS Form W-8ECI. They will, however, generally be subject to the regular United States income
tax. If you are a non-U.S. corporation, that portion of your earnings and profits that is effectively connected with your U.S. trade or
business also may be subject to a “branch profits tax” at a 30% rate, although an applicable income tax treaty may provide
for lower rate.

Reporting and Backup Withholding

We will report annually to
the Internal Revenue Service and to holders of record that are not excepted from the reporting requirements any information that may be
required with respect to interest or OID on the notes.

Under certain circumstances,
as a holder of a note, you may be subject to “backup withholding” at a 24% rate. Backup withholding may apply to you if you
are a United States person and, among other circumstances, you fail to furnish on IRS Form W-9 or a substitute Form W-9 your Social Security
number or other taxpayer identification number to us. Backup withholding may apply, under certain circumstances, if you are a non-United
States person and fail to provide us with the statement necessary to establish an exemption from federal income and withholding tax on
interest on the note. Backup withholding, however, does not apply to payments on a note made to certain exempt recipients, such as tax-exempt
organizations, and to certain non-United States persons. Backup withholding is not an additional tax and may be refunded or credited against
your United States federal income tax liability, provided that you furnish certain required information.

This federal tax discussion
is included for general information only and may not be applicable depending upon your particular situation. You are urged to consult
your own tax advisor with respect to the specific tax consequences to you of the ownership and disposition of the notes, including the
tax consequences under state, local, foreign and other tax laws and the possible effects of changes in federal or other tax laws.

Legislation Involving Payments to Certain Foreign Entities

Under certain circumstances,
the Foreign Account Tax Compliance Act (“FATCA”) requires us or our paying agent (in its capacity as such) to deduct and withhold
a tax equal to 30% of any payments made on our notes to a foreign financial institution or non-financial foreign entity (including, in
some cases, when such foreign institution or entity is acting as an intermediary), and any person having the control, receipt, custody,
disposal, or payment