NoticeHelp
Help

Identification

Reference Number: 22041113
Request ID:17-107219
Date First Offered07/17/2017
Title:Anti-Predatory Loan Database

Agency Reference Number:18 DOB 94998
Agency:FPR - Department of Financial and Professional Regulation
Purchasing Agency:FPR - Department of Financial and Professional Regulation
Purchasing Agency SPO:Nanzi Cantero

Status: Closed

Overview

Description and Specifications:
The Department of Financial and Professional Regulation (IDFPR) is giving notice of intent to award a multi-year contract as a sole economically feasible source to: Veritec Solutions, LLC.

Pursuant to Section 70 of the Residential Real Property Disclosure Act, IDFPR was required to create a predatory lending database. The database must be maintained and administered by the Department and is designed to allow brokers, originators, counselors, title insurance companies, and closing agents to submit information required by statute and administrative rule on-line to the database. The APLD has been in use since 2006.

A hearing is scheduled for 2:00 p.m. on August 2, 2017, at the Stratton Office Building, 401 S. Spring St., Room 511, Springfield, IL 62706. Call-in information for those unable to attend in person will be provided upon request. Interested parties wishing to request a hearing or submit comments must do so in writing and submit their request to the notice contact. Request for a public hearing by an interested party or written comments shall be made by Friday, July 28, 2017, at 5:00 p.m. to:

Dianne Richman
712 Stratton Office Building
401 S. Spring Street
Springfield, IL 62706
Email: Dianne.richman@illinois.gov
Phone: 217-670-9646
Fax: 217-558-1339

The hearing will be cancelled, unless an interested party submits a written request for public hearing by Friday, July 28, 2017, at 5:00 p.m. to the notice contact listed above.

If a public hearing is requested, the purchasing agency shall present testimony justifying the procurement method. Any interested party may present testimony for or against the sole source determination as described in this notice. The purpose of the hearing will be to receive information from the public regarding whether a sole source award is appropriate and in accordance with the Illinois Procurement Code. Formal rules of evidence will not apply. Hearings may be recorded in order to aid in the production of minutes. Parties may submit written comments in lieu of attending the hearing. Written comments will be afforded the same weight as oral comments received at the hearing.

After consideration of the testimony, the Chief Procurement Officer may approve the purchasing agency's request to contract by the sole source procurement method.

Key Information

Notice Type:Sole Source
Notice Stage:
Hearing Notice of Decision Upheld

Published:07/18/2017
Notice Expiration Date:08/17/2017
Sole Source Only Justification:The APLD is mandated by state law and Veritec Solutions LLC was selected, after a competitive bid, as the vendor for the pilot program and is presently under contract to manage the APLD. The APLD is a custom-built, stand-alone system and the codes behind it are proprietary to Veritec. This means that other vendors would be technically unable to and legally prohibited from continuing to manage and host the database as it currently exists.

This system has undergone several upgrades and changes as the law in this area has changed and or expanded. For example, in 2009, the contract was amended to comply with Federal Regulation X, and to a lesser extent, Federal Regulation Y. As such, certain pages of the database had to be changed to reflect the new federal regulations, in addition to additional upgrades to the system which allowed for a more efficient operation of the database. Also, in 2010, pursuant to PA 96-0856, the APLD had to be modified to allow additional counties access and allow a feed of property Index Numbers into the system from the new counties. This change resulted in training and integration costs to the Department.
Accordance with Admin Rule:< Compatibility of equipment, accessory, parts, or service is paramount consideration, < Item is patented or copyrighted and only available from holder of patent/copyright

Professional & Artistic:No
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:No

Does this solicitation contain a Veteran requirement?:No

Relevant Category:IT

Total Amount of Award:$3,300,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:Estimated
Length of Initial Term:36
Contract Begin Date:09/02/2017
Contract End Date:09/01/2020
Renewal Terms:0

Bidder(s)


Number of Responding Bidders:0
Number of Unsuccessful Bidders:0
Total Number Awarded:0

Listing of All Bidders/Offerors Considered But Not Selected:
N/A
Source Selection:N/A

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Veritec Solutions, LLC$3,300,000.000%0%

Notice Contact
Name: Tara Byrne
Street Address:100 W Randolph St
9th Floor
City:Chicago
State:IL
Zip Code:60601
Phone: 312-814-5151
Fax Number:N/A
EMail Address:Tara.Byrne@illinois.gov

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:209 12 Application Software; Mainframe Computer (Incl; Cobol)
209 38 Database Software
209 46 Expert System Software
946 36 Credit Investigation and Reporting
946 49 Financial Services (Not Otherwise Classified)
946 55 Inventory Services
946 60 Loan Administration


Attachments

To download file(s), click on filename(s) located below. Not all Notices will have files to download.

File Attachments: