DOB Notice Of Intent to Purchase FY25.docx

COMMONWEALTH OF MASSACHUSETTS DIVISION OF BANKS

Due Diligence Posting of Notice of Intent to Purchase a Proprietary Product

The Division of Banks (“DOB”) of the Commonwealth of Massachusetts announces its intent to Purchase a Proprietary Product or Service pursuant to the Commonwealth’s Due Diligence Posting policy, to accept the following from Wolters Kluwer (“Offeror”), pending the results of this Notice of Intent (“Notice”):

Description

DOB Consumer Protection Examiners use the CRA Wiz and FL Wiz solutions to upload and analyze the lending activity in banks, credit unions, and certain mortgage lenders. Wiz is used to generate reports used in the review and final examination report.

The DOB is posting this Notice rather than conducting a full procurement due to the fact Wolters Kluwer is a fully proprietary service that is not available from reseller companies, there is no comparable services available on any statewide contract & Wolters Kluwer itself is not named on any statewide contract provided by OSD. The DOB is utilizing this Due Diligence Posting to ensure that the process is open, fair and competitive.

Wolters Kluwer is the recognized leader in Community Reinvestment Act compliance for over 25 years, with Wiz products used throughout the industry and by regulators.

CRA Wiz includes compliance-grade geocoding, editing, assessment area delineation and all the necessary tools to check compliance with Community Reinvestment Act (CRA) reporting requirements.

Fair Lending Wiz is a complete fair lending management solution that analyzes, verifies, and documents an institution’s compliance with all fair lending regulations. The solution delivers robust analyses that allow easy identification of potential risks in order for a lending institution to remedy unfair lending practices.

Determination of Other Interested Vendors

The intent of this posting is to determine if there are any other interested and qualified vendors. Any such vendors must

· Submit documentation that they can also provide the same proprietary product or service that meets or exceeds the DOB’s requirements.

Response Requirement and Deadline All Interested Vendors and Offerors interested in responding to this Notice, regardless of prior communications with the agency, must submit a Response to this posting containing evidence of their qualification and interest. All required information must be submitted by 5:00PM (prevailing Eastern Time) on Friday, September 19, 2024, as follows:

If, after the posting deadline has passed, interest is generated by this Notice, the agency will review all Responses and will determine whether they will (i) withdraw the notice and not accept the Offeror’s offer (and cancel the Notice of Intent) or (ii) accept the offer from the Offeror.

Additional Terms Required for Doing Business with the Commonwealth

Quote Submission Method Online Quote Submission via COMMBUYS is required. All Interested Vendors and Offerors must submit Quotes online using tools available only to Sellers registered in COMMBUYS. COMMBUYS provides Seller registration functionality at no charge. To register, go to www.COMMBUYS.com and click on the “Register” link on the front page. All Interested Vendors and Offerors who are awarded a contract resulting from this Notice, if any, will be

Revised: June 30, 2016 required to maintain an active account during the duration of the Contract, by reviewing their registration information regularly and maintaining its accuracy.

COMMBUYS Quote Submission Training and Instructions The following resources are provided to assist Interested Vendors and Offerors in submitting Quotes:

· An online job aid on How to Create a Quote;

· Webcast video on How to Find Bids (Solicitations) and Submit Quotes (Responses) through COMMBUYS;

· Instructor-led trainings (ILT) and live webinar sessions on “How to Locate and Respond to Bids” may also be available. Check the OSD Training Courses schedule for Sellers/Business Entities for available locations, dates and times. Note that space is limited and pre-registration for trainings is required to attend. Follow instructions on the course schedule to register.

COMMBUYS Support Technical assistance is available during the procurement process. Every effort is made to respond to inquiries within one business day.

· Website: Go to www.mass.gov/osd/commbuys and select the COMMBUYS Resource Center link offered under Key Resources.

· Email: Send inquiries to the COMMBUYS Helpdesk at COMMBUYS@state.ma.us

· Telephone: Call the COMMBUYS Help Desk at 1-888-MA-STATE (1-888-627- 8283). The Help Desk is staffed from 8:00 AM to 5:00 PM Monday through Friday Eastern Standard or Daylight time, as applicable, except on federal and state holidays.

Interested Vendors and Offerors are advised that COMMBUYS will be unavailable during regularly scheduled maintenance hours of which all users will be notified.