SEC Comment Letter 0000000000-23-008831 to CONSUMER PORTFOLIO SERVICES, INC. (CPSS) (CIK 0000889609) (CPSS)
CONSUMER PORTFOLIO SERVICES, INC. (CPSS) (CIK 0000889609)
Date: Aug. 14, 2023 · CIK: 0000889609 · Accession: 0000000000-23-008831
AI Filing Summary & Sentiment
File numbers found in text: 333-272653
Referenced dates: June 29, 2023
Letter
United States securities and exchange commission logo August 14, 2023 Mike Lavin President, Chief Operating Officer and Chief Legal Officer CONSUMER PORTFOLIO SERVICES, INC. 19500 Jamboree Road Irvine, California 92612 Re:CONSUMER PORTFOLIO SERVICES, INC. Amendment No. 1 Form S-3 filed August 7, 2023 File No. 333-272653 Dear Mike Lavin: We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Amendment No. 1 to Form S-3 We may have rescission liability..., page 14 1.We reissue in part Comment No. 1 from our letter dated June 29, 2023. Please tell us the reason(s) for the potential rescission liability. General 2.We reissue Comment No. 3 from our letter dated June 29, 2023. Excluding Part III information is only permissible in the event that you reasonably believe that you will file a proxy statement containing the information within 120 days of the fiscal year end. In the future, if you don't intend to file your proxy within 120 days of the fiscal year end, you must include it within the Form 10-K in order for your entire 10-K to be timely filed.
FirstName LastNameMike Lavin Comapany NameCONSUMER PORTFOLIO SERVICES, INC. August 14, 2023 Page 2 FirstName LastName Mike Lavin CONSUMER PORTFOLIO SERVICES, INC. August 14, 2023 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Todd Schiffman at 202-551-3491 or Chris Windsor at 202-551-3419 if you have questions regarding these comments. Sincerely, Division of Corporation Finance Office of Finance
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United States securities and exchange commission logo
August 14, 2023
Mike Lavin
President, Chief Operating Officer and Chief Legal Officer
CONSUMER PORTFOLIO SERVICES, INC.
19500 Jamboree Road
Irvine, California 92612
Re:CONSUMER PORTFOLIO SERVICES, INC.
Amendment No. 1 Form S-3 filed August 7, 2023
File No. 333-272653
Dear Mike Lavin:
We have limited our review of your registration statement to those issues we have
addressed in our comments. In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Amendment No. 1 to Form S-3
We may have rescission liability..., page 14
1.We reissue in part Comment No. 1 from our letter dated June 29, 2023. Please tell us the
reason(s) for the potential rescission liability.
General
2.We reissue Comment No. 3 from our letter dated June 29, 2023. Excluding Part III
information is only permissible in the event that you reasonably believe that you will file a
proxy statement containing the information within 120 days of the fiscal year end. In the
future, if you don't intend to file your proxy within 120 days of the fiscal year end, you
must include it within the Form 10-K in order for your entire 10-K to be timely filed.
FirstName LastNameMike Lavin
Comapany NameCONSUMER PORTFOLIO SERVICES, INC.
August 14, 2023 Page 2
FirstName LastName
Mike Lavin
CONSUMER PORTFOLIO SERVICES, INC.
August 14, 2023
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
You may contact Todd Schiffman at 202-551-3491 or Chris Windsor at 202-551-3419 if
you have questions regarding these comments.
Sincerely,
Division of Corporation Finance
Office of Finance