Qualified purchasers, which are entities approved by the Illinois Department of Central Management Services to participate in the Vendor Payment Program, are required to submit annual financial backer disclosures to the Illinois Office of Comptroller and CMS with information about financial backers and others interested in the entity, such as percent ownership and names of shareholders, so taxpayers can see who has a financial interest in each qualified purchaser. Trusts associated with each qualified purchaser must also disclose earnings and other information.
For more information about the Vendor Payment Program, visit CMS’s VPP page. For more information about the Lender Transparency Act, click here and here. To view qualified purchasers' Monthly Reports, click here.
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