FY27 Anti-Predatory Lending Database SS

The Illinois Department of Financial and Professional Regulation is issuing a sole-source notice of intent to award a contract to Catalis Regulatory & Compliance LLC for the FY27 Anti-Predatory Lending Database, with a sole-source hearing scheduled for August 28, 2026 at 2:00 PM Central Time and written comments due by 4:00 PM that same day.

This is a sole-source procurement justified on grounds that Catalis's proprietary software system and operational support model are uniquely developed and maintained only by the vendor, with no alternative providers offering comparable services. The vendor maintains system infrastructure, hosting, 24/7/365 availability, and specialized technical and customer service support. The APLD tracks residential mortgage loan transactions initiated by licensed loan originators and mortgage brokers in Cook, Kane, Peoria, and Will counties, serving approximately 80 percent of Illinois's population. Statutory non-compliance and severe predatory lending risks would result from system discontinuity.

The estimated contract value for the initial term is $2.09 million, representing a 40 percent increase from the prior year contract value of $1.49 million. The contract term runs from September 2, 2026 through September 1, 2027, with no renewal options. Services are required by September 2, 2026. The IDFPR has determined pricing fair and reasonable, noting that comparable systems of this magnitude typically cost tens of millions of dollars to develop and implement. The state is concurrently executing an Invitation for Bid for a long-term solution and anticipates transitioning to that system during or after this contract term.

The sole-source hearing will be cancelled unless an interested party submits written comments or requests a public hearing by 4:00 PM on August 28, 2026. Remote participation is available via WebEx at 1-312-535-8110 (Chicago toll) or 1-415-655-0002 (Access Code: 28661804104-mtg, Password: Yn632u6qRS3). Contact: Dianne Richman, Chief Procurement Office, Dianne.Richman@illinois.gov or 217-622-1857.