Company: CPSS
Filing Date: 2025-05-23
Form Type: 424B2
Source: 0001683168-25-003971
Chunk: 47

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-23
Form: 424B2
Chunk 47
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 use any criteria
we choose to determine which notes we will redeem if we choose to do so. We are not required to redeem notes on a pro rata basis.

Repurchase Election Upon Death Or Total Permanent Disability. Notes may be repurchased prior to maturity, in whole and not in part, at the election
of a holder who is a natural person (including notes held in an individual retirement account), by giving us written notice within 45
days following the holder’s total permanent disability, as established to our satisfaction, or at the election of the holder’s
estate, by giving written notice within 45 days following his or her death. Subject to the limitations described below, we will repurchase
the notes within 10 days after the later to occur of the request for repurchase or the establishment to our satisfaction of the holder’s
death or total permanent disability. The repurchase price, in the event of such a death or total permanent disability, will be the principal
amount of the notes, plus interest accrued and not previously paid up to but not including the date of repurchase. If spouses are joint
registered holders of a note, the right to elect to have us repurchase will apply when either registered holder dies or suffers a total
permanent disability. If the note is held jointly by two or more persons who are not legally married, none of these persons will have
the right to request that we repurchase the notes unless all joint holders have either died or suffered a total permanent disability.
If the note is held by a person who is not a natural person such as a trust, partnership, corporation or other similar entity, the right
to request repurchase upon death or total permanent disability does not apply.

Repurchase At Request of Holder. We may honor or refuse, in our discretion, a request to repurchase any notes other than upon maturity, or upon
the death or total permanent disability of the holder. As a matter of policy, we generally refuse such requests. We are bound to refuse
such a request if such repurchase would cause us to exceed the quarterly limitation non repurchases described below.

Limitations on Requirements to Repurchase. Our obligation to repurchase notes prior to maturity for any reason will be subject to a calendar quarter
limit equal to the greater of $1 million of aggregate principal amount for all holders or 2% of the total principal amount of all notes
outstanding at the end of the previous calendar quarter. This limit includes any notes we repurchase upon death or total permanent disability