DAYTON, Ohio, Jan. 14, 2016 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® New Jersey F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised new car and truck retailers throughout New Jersey. The documents in the LAW New Jersey F&I Library are available in both paper-based and electronic formats.
"Throughout 2016, we expect automobile retailers will continue to be challenged to balance increased demands from legislators and regulators with the increased demands from consumers for a more rewarding experience with the dealership," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "Part of Reynolds' response is to develop tools that help dealers face these pressures head on as well as help them prepare for the coming age of electronic transactions. The LAW New Jersey F&I Library is one such example of these tools."
The documents in the LAW New Jersey F&I Library are regularly reviewed for compliance with the latest automotive regulations. Reynolds' industry-leading forms specialists lead the review, in conjunction with Reynolds' outside legal partners.
By using the standardized vehicle deal documents in the LAW New Jersey F&I Library, dealers can achieve a more consistent and effective F&I process in every transaction. In addition, documents in the LAW New Jersey F&I Library are written in consumer-friendly language to help create a more transparent and understandable F&I process and improve the customer experience with the dealership.
The printed documents in the LAW New Jersey F&I Library are also available in a digital format, which helps facilitate the conversion to laser-printed transactions or e-contracting. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.
About Reynolds LAW Brand Documents
Reynolds' LAW brand is well established as one of the most trusted brands in the automotive industry. LAW documents are available in all 50 states and Washington, D.C., and have been endorsed by a number of state automobile dealers associations and leading automotive finance institutions.
The flagship product of the LAW brand is the Reynolds LAW® 553 Universal Retail Sale Contract, the most widely accepted document in auto finance. The Reynolds LAW 553 is available in a variety of languages and is regularly reviewed by industry experts to help keep pace with new legislative and regulatory developments.
Reynolds and Reynolds was founded in 1866 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 and vehicle sales documents to help dealers manage their operations more efficiently and serve their customers more effectively.
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. The company is headquartered in Dayton, Ohio, with major operations in Houston and College Station, Texas, and Celina, Ohio.
SOURCE The Reynolds and Reynolds Company