CONSUMER PORTFOLIO SERVICES, INC. - FORM S-1 - EX-25.1

Attached files

file	filename
S-1 - CONSUMER PORTFOLIO SERVICES, INC.	cpss_s1100803.htm
EX-4.2 - CONSUMER PORTFOLIO SERVICES, INC.	cpss42.htm
EX-23.1 - CONSUMER PORTFOLIO SERVICES, INC.	cpss231.htm
EX-4.1 - CONSUMER PORTFOLIO SERVICES, INC.	cpssexh41.htm
EX-4.3 - CONSUMER PORTFOLIO SERVICES, INC.	cpssexh43.htm
EX-8.1 - CONSUMER PORTFOLIO SERVICES, INC.	cpss1_exh8.htm
EX-5.1 - CONSUMER PORTFOLIO SERVICES, INC.	cpsss1_ex51.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

_____________________________

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

	A National Banking Association		94-1347393
	(Jurisdiction of incorporation or		(I.R.S. Employer
	organization if not a U.S. national		Identification No.)
	bank)


	101 North Phillips Avenue
	Sioux Falls, South Dakota		57104
	(Address of principal executive offices)		(Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

_____________________________

CONSUMER PORTFOLIO SERVICES, INC.

(Exact name of obligor as specified in its charter)

	California		33-0459135
	(State or other jurisdiction of		(I.R.S. Employer
	incorporation or organization)		Identification No.)


	19500 Jamboree Road
	Irvine, California		92612
	(Address of principal executive offices)		(Zip code)

_____________________________

$50,000,000 Renewable Unsecured Subordinated Notes

(Title of the indenture securities)

Item 1. General Information. Furnish the following information as to the trustee:

(a)

Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Treasury Department

Washington, D.C.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 94120

(b)

Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

Item 2.

Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee. Not applicable.

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit 1.

A copy of the Articles of Association of the trustee now in effect.*

Exhibit 2.

A copy of the Comptroller of the Currency Certificate of Corporate

Existence and Fiduciary Powers for Wells Fargo Bank, National

Association, dated February 4, 2004.**

Exhibit 3.

See Exhibit 2

Exhibit 4.

Copy of By-laws of the trustee as now in effect.***

Exhibit 5.

Not applicable.

Exhibit 6.

The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7.

A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.

Not applicable.

Exhibit 9.

Not applicable.

* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 17th day of August, 2010.

WELLS FARGO BANK, NATIONAL ASSOCIATION

/S/ Raymond Delli Colli

Raymond Delli Colli

Vice President

EXHIBIT 6

August 17, 2010

Securities and Exchange Commission

Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Very truly yours,

WELLS FARGO BANK, NATIONAL ASSOCIATION

/S/ Raymond Delli Colli

Raymond Delli Colli

Vice President

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business March 31, 2010, filed in accordance with 12 U.S.C. §161 for National Banks.

		Dollar Amounts
		In Millions
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin		$	16,410
Interest-bearing balances			44,873
Securities:
Held-to-maturity securities			0
Available-for-sale securities			140,265
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices			1,091
Securities purchased under agreements to resell			3,199
Loans and lease financing receivables:
Loans and leases held for sale			25,990
Loans and leases, net of unearned income	706,137
LESS: Allowance for loan and lease losses	21,371
Loans and leases, net of unearned income and allowance			684,766
Trading Assets			29,567
Premises and fixed assets (including capitalized leases)			8,244
Other real estate owned			3,758
Investments in unconsolidated subsidiaries and associated companies			536
Direct and indirect investments in real estate ventures			121
Intangible assets
Goodwill			21,238
Other intangible assets			28,750
Other assets			57,082

Total assets		$	1,065,890

LIABILITIES
Deposits:
In domestic offices		$	718,242
Noninterest-bearing	150,608
Interest-bearing	567,634
In foreign offices, Edge and Agreement subsidiaries, and IBFs			85,329
Noninterest-bearing	1,397
Interest-bearing	83,932
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices			5,562
Securities sold under agreements to repurchase			14,003

	Dollar Amounts
	In Millions



Trading liabilities		10,396
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)		55,783
Subordinated notes and debentures		21,583
Other liabilities		28,269
	_______
Total liabilities	$	939,167


EQUITY CAPITAL
Perpetual preferred stock and related surplus		0
Common stock		520
Surplus (exclude all surplus related to preferred stock)		98,967
Retained earnings		21,137
Accumulated other comprehensive income		4,440
Other equity capital components		0

Total bank equity capital		125,064
Noncontrolling (minority) interests in consolidated subsidiaries		1,659

Total equity capital		126,723

Total liabilities, and equity capital	$	1,065,890

I, Howard I. Atkins, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

Howard I. Atkins

EVP & CFO

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

John Stumpf Directors

Carrie Tolstedt

Michael Loughlin

Attached files

CONSUMER PORTFOLIO SERVICES, INC. Reports

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