Consumer complaint received 2025-09-30 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Managing the loan or lease — Loan sold or transferred to another company
Company: Consumer Portfolio Services, Inc.
State: PA

Complaint narrative:
I am formally disputing your companys claimed right to collect on the above-referenced automobile retail installment contract. According to your own SEC filings, it is your established practice to sell pools of automobile contracts into securitizations through subsidiaries and trusts. If my contract was securitized, assigned, or transferred, then your company has extinguished its rights as the real party in interest. 
According to your own public disclosures filed with the U.S. Securities and Exchange Commission ( SEC ), including but not limited to your Form 10-Q quarterly reports, Form 8-K current reports, and Rule 424 ( b ) ( 2 ) Prospectus filings, your stated business model is to originate automobile contracts with the intention of selling them into securitizations through special purpose subsidiaries and trusts. These documents admit that your company does not retain long-term ownership of such contracts, but rather pools and transfers them to fund asset-backed securities purchased by institutional investors. In light of these admissions, it is highly probable that my contract has already been conveyed and is no longer owned by your company. 
Courts have consistently held that legal standing to enforce a loan depends upon valid assignment and ownership. See XXXX XXXX XXXX, XXXX XXXX XXXX ( XXXX ) ( assignment of note transfers rights, and an assignment without the note is a nullity ) ; XXXX XXXX XXXX XXXXXXXX XXXX XXXX, XXXX XXXX XXXXXXXX XXXX XXXX XXXX ) ( no standing to enforce without proof of assignment into trust ) ; In re XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX ( servicers without ownership or proper authority lack standing ) ; and XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX ( XXXX. XXXX. XXXX ) ( enforcement barred when note already conveyed into a securitization trust ). These authorities make clear : ownership and enforceability are inseparable. 
If you are merely acting as a servicer while misrepresenting yourselves as the creditor, such conduct is : 1. A false, deceptive, and misleading representation under the Fair Debt Collection Practices Act ( 15 U.S.C. 1692e ).

2. A violation of the Truth in Lending Act ( 15 U.S.C. 1601 et seq. ), which requires disclosure of the true creditor and prohibits misrepresentation of credit terms. 
XXXX. A violation of the GrammLeachBliley Act ( 15 U.S.C. 68016809 ), which requires accuracy and transparency in handling consumers nonpublic personal financial information. 
XXXX. An unfair and deceptive act or practice under state UDAP statutes. 

Accordingly, I demand strict proof of your legal ownership and authority, including : XXXX. The complete chain of title for my contract, from origination to present. 
XXXX. Copies of any assignment, transfer, or sale agreements showing whether my contract has been securitized, conveyed to a trust, or otherwise transferred. 
XXXX. Written documentation of your present legal authority to collect on behalf of the actual creditor, if you claim to be a servicer. 

Unless and until such proof is furnished, you have no standing to collect further payments. Any continued misrepresentation of ownership will be treated as willful misconduct and reported to regulators, including the FTC, and State Attorney General, in addition to claims for damages under federal and state law.

Given the high probability that you can not substantiate your legal ownership, I am offering you one opportunity to resolve this matter without escalation : waive the remaining balance in its entirety, provide written confirmation that the account is closed and satisfied, and correct any negative reporting with credit bureaus. 
If you fail to provide documentary proof of ownership or accept this resolution within fifteen ( 15 ) days of receipt of this notice, I will proceed with filing regulatory complaints and pursuing arbitration or litigation seeking statutory damages, costs, and all other relief available.

Company response to consumer: Closed with explanation