Electronic Lien & Titling Prequalification

Paragraph 1:

The Illinois Secretary of State's Office is seeking proposals from multiple vendors to implement and operate a statewide, multiple vendor-based Electronic Lien and Titling (ELT) program. The selected vendors will be responsible for all aspects of the program, including registering lenders, receiving and holding title records, and maintaining transactional capabilities for correcting and updating title records. The ELT program will allow lienholders to submit lien requests, utilize electronic signatures, request paper titles, and release liens with titles mailed to third parties. Vendors must have an operational ELT system implemented in at least one other state and meet specified IT/data security standards. The RFP has a due date of March 3, 2023, and the State anticipates beginning system development after the selection of multiple vendors.

Paragraph 2:

The RFP does not indicate any small business or minority/women-owned business set-aside requirements, but the State encourages the hiring of qualified veterans and ex-offenders. There are no incumbent vendors or current contractors listed, and the State will not pay any costs incurred by vendors prior to contract execution. Vendors must be able to perform the program on a zero-cost basis and bear all costs associated with participation, including posting a performance bond not to exceed $1 million. The resulting contracts will have an initial term of upon execution for up to 10 years, with possible renewal options, but the State has not determined the fee structure for the ELT program at this time.