When is the submission deadline?

Submissions are due November 20, 2026. Questions must be submitted by November 6, 2026.

What is the budget for this RFP?

Settle estimates the budget at $150,000 – $500,000. The issuer has not published an official figure.

It was issued by State Corporation Commission. The work is located in Richmond, Virginia, United States.

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Short-Term Lending Database

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Overview

Software, Web & Mobile Development

Richmond, Virginia, United StatesPosted: October 20, 2026Deadline: November 20, 2026

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SUMMARY

The State Corporation Commission of Virginia is seeking a qualified vendor to provide, operate, and maintain a real-time, Internet-accessible database for short-term lending information.

KEY REQUIREMENTS

Must be organized as a single entity
Must be authorized to transact business in the Commonwealth of Virginia
Must provide a real-time, Internet-accessible database solution
Must comply with all applicable federal and state laws regarding information security and privacy
Must provide a toll-free telephone number for borrower inquiries
Must maintain a solution Disaster Recovery Program and Business Continuity Program
Must provide annual independent security assessments (SOC 2 Type II, ISO 27001, or equivalent)
Must ensure all data exchanges use strong encryption (TLS 1.3 or higher)
Must provide a Transition Out & Turnover Plan

BUDGET

Estimate

$150,000 – $500,000

CONTRACT DURATION

24 months

TIMELINE

October 20th, 2026: RFP Posted to eVA

October 25th, 2026: Deadline to Register for Pre-proposal Conference

October 26th, 2026: Pre-proposal Conference (optional)

November 6th, 2026: Deadline for Offeror Questions

November 12th, 2026: Answers to questions posted to VBO

November 20th, 2026: Proposals Due

December 1st, 2026: Estimated Project Start Date

March 14th, 2027: Database Go-Live

QUESTION DEADLINE

November 6, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

State Corporation Commission

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DESCRIPTION

The State Corporation Commission (SCC) of Virginia requires a comprehensive, Internet-accessible database to track short-term lending activity by licensees in accordance with Chapter 18 of Title 6.2 of the Code of Virginia. The selected supplier will be responsible for the development, implementation, operation, security, and maintenance of the database, including real-time eligibility verification, loan data capture, reporting, and analytics. The database must support secure interfaces for licensees and the SCC's Bureau of Financial Institutions. The initial contract term is approximately two years, with the option for the SCC to exercise three successive renewals of up to two years each.

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Frequently asked questions

When is the submission deadline?: Submissions are due November 20, 2026. Questions must be submitted by November 6, 2026.
What is the budget for this RFP?: Settle estimates the budget at $150,000 – $500,000. The issuer has not published an official figure.
Who issued this RFP?: It was issued by State Corporation Commission. The work is located in Richmond, Virginia, United States.

Analysis generated by Settle AI from the source RFP.

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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