Company: CPSS
Filing Date: 2025-03-26
Form Type: 424B2
Source: 0001683168-25-001896
Chunk: 52

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-26
Form: 424B2
Chunk 52
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 breach and such failure or breach is not cured within 60 days after our receipt of notice; |
| · | defaults in certain of our other payment obligations that result in such payment obligations becoming or being declared immediately due and payable and such declaration is not rescinded or annulled within 60 days after our receipt of notice of such declaration; and                        |
| · | certain events of bankruptcy or insolvency with respect to us.                                                                                                                                                                                                                                   |

If any event of default occurs
and is continuing (other than an event of default involving certain events of bankruptcy or insolvency with respect to us), the trustee
or the holders of at least a majority in principal amount of the then outstanding notes may by notice to us declare the unpaid principal
of and any accrued interest on the notes to be due and payable immediately. So long as any senior debt is outstanding, however, and a
payment blockage on the notes is in effect, a declaration of this kind will not be effective, and neither the trustee nor the holders
of notes may enforce the indenture or the notes, except as otherwise set forth above in “ — Subordination.” In the event
senior debt is outstanding and no payment blockage on the notes is in effect, a declaration of this kind will not become effective until
the later of:

| · | the day which is five business days after the receipt by us and the holders of senior debt of such written notice of acceleration; or |
| · | the date of acceleration of any senior debt.                                                                                          |

In the case of an event of
default arising from certain events of bankruptcy or insolvency, with respect to us, all outstanding notes will become due and payable
without further action or notice.

Holders of the notes may
not enforce the indenture or the notes except as provided in the indenture. Subject to certain limitations, holders of a majority in principal
amount of the then outstanding notes may direct the trustee in its exercise of any trust power. The trustee may withhold from holders
of the notes notice of any continuing default or event of default (except a default or event of default relating to the payment of principal
or interest on the notes) if the trustee in good faith determines that withholding notice would have no material adverse effect on the
holders.

| 35 |

The holders of a majority
in aggregate principal amount of 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