|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:
712 Stratton Office Building
401 S. Spring Street
Springfield, IL 62706
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.