---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001644"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:27:08.506650+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CPS closes $50M securitization of residual interests from prior securitizations

## Summary
- Closed $50M asset-backed notes secured by 80% interest in a CPS affiliate holding residuals from five securitizations (Jan 2022–Jan 2023).
- Collateral includes 80% of spread account deposits and over-collateralization from each underlying securitization.
- Notes pay monthly interest at coupon rate; principal payments as needed to maintain minimum collateral ratio.
- Transaction was a private placement to a qualified institutional buyer; not registered under Securities Act.

## SEC filing metadata
- accession: 0001683168-24-001644
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316824001644/0001683168-24-001644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316824001644/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001644
- JSON: https://secwatch.observer/filing/0001683168-24-001644.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001644.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.