The Consumer Financial Protection Bureau (CFPB) has awarded a multiple-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract to JND Holdings LLC, doing business as JND Legal Administration, to obtain third-party redress administration and distribution services. This $50 million IDIQ contract has a period of performance through September 20, 2024 and supports the CFPB's mission to manage and implement the distribution of funds to eligible victims resulting from redress payments or civil penalties in cases involving mortgage servicers, banks, or law firms. Under this IDIQ, two specific delivery orders have been awarded to JND Legal Administration. The first is a $24,655,487.84 firm-fixed-price order for "LEXINGTON LAW MATTER IDIQ TASK ORDER" services, with a period of performance through July 16, 2029 and work to be performed in Seattle, Washington. The second is a $1,577,409 firm-fixed-price order for the "TEMPOE LLC 3RD PARTY REDRESS TASK ORDER," with a period of performance through March 31, 2026 and work to be performed in New Hyde Park, New York. These task orders demonstrate how the IDIQ vehicle is utilized to efficiently address specific consumer redress needs that arise under the CFPB's consumer protection enforcement activities.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| P00005 | Exercise an Option | $0 | 9/10/24 | |
| P00004 | Change Order | $0 | 5/15/24 | |
| P00003 | Other Administrative Action | $0 | 3/5/24 | |
| P00002 | Other Administrative Action | $0 | 9/26/23 | |
| P00001 | Exercise an Option | $0 | 8/17/23 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Delivery Order 9531CB22D0004-9531CB24F0069 | JND Holdings LLC | $24.7m | 7/16/24 | 7/16/29 | 3/4/25 | |
Delivery Order 9531CB22D0004-9531CB24F0048 | JND Holdings LLC | $1.6m | 3/29/24 | 3/31/26 | 3/29/24 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Solicitation 1/4 | 4/21/22, 12:25 PM | |
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Award Notice 2/4 | 9/22/22, 4:28 PM | |
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Award Notice 3/4 | 9/22/22, 4:34 PM | |
3rd Party Redress Services | 9531CB22R0004 | Consumer Financial Protection Bureau | Award Notice 4/4 | 9/22/22, 4:37 PM |