|It is the intent of the Department of Financial and Professional Regulation to award a contract for the Payday/CILA Loan Database. The pricing offered by the vendor was found to be fair and reasonable. Accordingly, the IDFPR recommends Veritec Solutions, LLC, as the vendor. |
The contract term for the vendor will begin on July 1, 2017.
The solicitation claimed a 20% BEP goal if a database was needed to be built. Ramaker and Associates, LLC, is the incumbent vendor and does not need to build a database, therefore a BEP goal is not required.