University of Mary Washington Cobblestone #RFP# LBS-997

Award and Renewal of Debt Collection Services for Virginia Higher Education (VASCUPP)

James Madison University, acting for the Virginia Association of State College and University Purchasing Professionals (VASCUPP), has awarded and renewed contracts for debt collection services to multiple vendors, with Williams & Fudge, Inc. and General Revenue Corporation as the primary OEMs/vendors. - Government Buyer: - James Madison University (JMU), on behalf of VASCUPP - University of Mary Washington (UMW), as a participating institution - OEMs/Vendors: - Williams & Fudge, Inc. - General Revenue Corporation - Todd, Bremer & Lawson (historical/current vendor) - Alltran Education, Inc. (historical/current vendor) - ConServe (historical/current vendor) - Recovery Management Services, Inc. (historical/current vendor) - Products/Services Requested: - Debt collection services for unpaid tuition and fees, student loans (including Perkins loans), returned checks, and miscellaneous receivables - Services include: - Collection of delinquent accounts - Reporting to at least one national credit bureau within 60 days of placement - Compliance with federal and state regulations (e.g., FDCPA, GLBA, Virginia Debt Collection Act, Consumer Credit Protection Act) - Free 30-day pre-collect period for new placements - No litigation services for VASCUPP institutions - No additional charges beyond the fixed collection fee - Annual Attestation Audit Letter required - Each institution may specify additional requirements at time of placement - Notable Requirements: - Fixed collection fee (e.g., 20% for Williams & Fudge, 18% for General Revenue Corporation) - No settlement or compromise of balances without prior written agreement from the institution - Each institution is treated as a separate client for data and funds management - Contractors must remit principal amounts to the institution and retain only the collection fee - Contracts allow for cancellation after the initial 12 months with 60 days' notice - Period of Performance: - Initial contract term of two years, with up to three additional two-year renewal options - Current renewals extend through January 13, 2027 for Williams & Fudge and January 13, 2025 for General Revenue Corporation

Description

This solicitation is a Request for Proposal (RFP) issued by James Madison University on behalf of the Virginia Association of State College and University Purchasing Professionals (VASCUPP). It seeks qualified contractors to provide debt collection services on an as-needed basis for eleven member institutions. The contract term is initially two years with options to renew for three additional two-year periods. The services include collection of various types of accounts, reporting to credit bureaus, and compliance with applicable laws and regulations. The solicitation includes detailed terms on collection fees, pre-collect periods, and client-specific requirements.

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