DAYTON, Ohio, May 18, 2017 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® Iowa F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised new car and truck dealers in the state of Iowa.
Jerry Kirwan, senior vice president and general manager of Reynolds Document Services, said, "The documents in the LAW Iowa F&I Library are designed to help streamline the car-buying process and enhance the consumer experience with the dealership."
"Using standard documents written in consumer-friendly language can help to create a clearer, more consistent, and more efficient F&I process for the F&I manager and for the consumer," he added. "Because of those improvements to the overall F&I process, the overall consumer experience with the dealership can be improved."
Kirwan noted that because regulatory scrutiny is an ongoing concern for automotive retailers, the LAW Iowa F&I Library is a tool to help dealers meet compliance obligations and manage risk. The documents in the library are regularly reviewed for legal sufficiency with the latest automotive regulations by Reynolds' industry-leading forms specialists alongside Reynolds' outside legal partners.
In addition, the printed documents in the LAW Iowa F&I Library are available in digital format, which can help facilitate the conversion to laser-printed forms and e-contracting transactions. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.
About Reynolds LAW Brand Documents
The Reynolds LAW brand is well established as one of the most trusted brands in the automotive industry. LAW documents have been endorsed by a number of state automobile dealers associations and leading automotive finance institutions. LAW documents are available in all 50 states and Washington, D.C.
The flagship product of the LAW brand is the Reynolds LAW® 553 Universal Retail Installment Sale Contract, which is the most widely accepted document in auto finance. The Reynolds LAW 553 is regularly reviewed by industry experts to help keep pace with new legislative and regulatory developments. Dealers who use the LAW 553 find they can use one contract to finance dealers through multiple lending institutions.
About Reynolds Document Services
In 1866, Reynolds and Reynolds was founded as a business forms printer. Since the 1920s, Reynolds has been known as the leader in serving automobile dealerships nationwide with standard and custom business forms. Today, Reynolds Document Services carries on the company's 150-year forms legacy by delivering a wide range of printed and electronic business documents, branding services, and dealership supplies that help dealers brand their retail enterprise, manage compliance risk, and improve operational efficiencies.
Reynolds and Reynolds is a leading provider of automobile dealership software, services, and forms to help dealerships deliver better business results and transform the customer experience. (www.reyrey.com)
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SOURCE The Reynolds and Reynolds Company