CPS AUTO RECEIVABLES TRUST 1998-3
15-15D, 2000-03-30
ASSET-BACKED SECURITIES
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<PAGE>   1
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTION 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.


                        Commission File Number 333-25301

                       CPS Auto Receivables Trust 1998-3
- ------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

      16355 Laguna Canyon Road, Irvine, California 92618   (949) 753-6800
- ------------------------------------------------------------------------------
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

                     5.6375% Asset Backed Notes, Class A-1
                     5.8850% Asset Backed Notes, Class A-2
                     5.9950% Asset Backed Notes, Class A-3
                     6.0800% Asset Backed Notes, Class A-4
- ------------------------------------------------------------------------------
            (Title of each class of securities covered by this Form)


                                      None
- ------------------------------------------------------------------------------
   (Title of all other classes of securities for which a duty to file reports
                     under Section 13(a) or 15(d) remains)


Please place an X in the box(es) to designate the appropriate rule provisions(s)
relied upon to terminate or suspend the duty to file reports:

      Rule 12g-4(a)(1)(i)   [ ]             Rule 12h-3(b)(1)(ii)  [ ]
      Rule 12g-4(a)(1)(ii)  [ ]             Rule 12h-3(b)(2)(i)   [ ]
      Rule 12g-4(a)(2)(i)   [ ]             Rule 12h-3(b)(2)(ii)  [ ]
      Rule 12g-4(a)(2)(ii)  [ ]             Rule 15d-6            [X]
      Rule 12h-3(b)(1)(i)   [X]

Approximate number of holders of record as of the certification or notice date:

                  5.6375% Asset Backed Notes, Class A-1:  One
                  5.8850% Asset Backed Notes, Class A-2:  One
                  5.9950% Asset Backed Notes, Class A-3:  One
                  6.0800% Asset Backed Notes, Class A-4:  One


Pursuant to the requirements of the Securities Exchange Act of 1934 the
Registrant has caused this certification/notice to be signed on its behalf by
the undersigned duly authorized person.

                          CPS AUTO RECEIVABLES TRUST 1998-3
Date: March 30, 2000      BY:  Consumer Portfolio Services, Inc.
     ---------------           (Sponsor & Servicer)
                                By: /s/ James L Stock
                                   -----------------------------
                                   Name: James L Stock
                                   Title: Senior Vice President and C.F.O.


Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934. The
registrant shall file with the Commission three copies of Form 15, one of which
shall be manually signed. It may be signed by an officer of the registrant, by
counsel or by any other duly authorized person. The name and title of the
person signing the form shall be typed or printed under the signature.



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