Illinois BidBuy #27-440DFPR-SECRE-B-53771

Award for Anti-Predatory Lending Database Maintenance to Catalis Regulatory & Compliance LLC

This award notice announces the Illinois Department of Financial and Professional Regulation's Division of Banking intent to award a sole source contract for the Anti-Predatory Lending Database (APLD). - Government Buyer: - Illinois Department of Financial and Professional Regulation, Division of Banking - OEM and Vendor: - Catalis Regulatory & Compliance LLC (sole source awardee) - Products/Services Requested: - Maintenance and administration of the Anti-Predatory Lending Database (APLD) - Application software services for mainframe computers (NIGP code 209-12) - Technology, business processes, and support for APLD - 12 months of service covering software and support - Notable Requirements: - APLD tracks residential mortgage loan transactions in Cook, Kane, Peoria, and Will counties - System must enable online entry of borrower application and closing information by brokers, originators, credit counselors, title insurance companies, and closing agents - Must determine if credit counseling is recommended based on Department standards - Compliance with Public Act 94-280 - No other OEMs or vendors are mentioned

Description

This solicitation is a sole source notice for the FY27 Anti-Predatory Lending Database (APLD) managed by the Department of Financial and Professional Regulation's Division of Banking. The APLD is a database required by Public Act 94-280 to track residential mortgage loan transactions initiated by licensed loan originators or mortgage brokers in Cook, Kane, Peoria, and Will counties. The vendor will provide technology, business processes, and support for the database, which allows various stakeholders to enter borrower application and closing information online and determines if credit counseling is recommended. The contract is intended to be awarded to Catalis Regulatory & Compliance LLC as a sole source.

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