DAYTON, Ohio, June 6, 2016 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® Kentucky F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for automobile dealers in the state of Kentucky. The Reynolds LAW Kentucky F&I Library, which was jointly developed by Reynolds Document Services and the Kentucky Automobile Dealers Association (KADA), carries both paper-based and electronic formats of the forms.
"We are pleased to announce the availability of the LAW Kentucky F&I Library and add Kentucky to the growing list of states that have adopted LAW F&I libraries," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "This library of standardized documents can help dealers better manage risk as well as prepare for the transition to electronic transactions.
"At the same time, using documents in the LAW F&I Library can streamline the F&I process, making it more efficient and help dealers deliver a better customer experience for buyers at the dealership."
Kirwan noted LAW brand documents 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 and representatives from KADA.
"KADA is proud to be a part of this project with Reynolds Document Services. The LAW Kentucky F&I Library gives our dealer members the opportunity to improve day-to-day operations and customer service and increase overall efficiency in their dealerships," said Gay F. Williams, CAE, president of KADA. "We appreciate the level of expertise and effort Reynolds has put forth in creating this valuable tool. The program will also continue to offer forms that are specific to Kentucky and to KADA."
In addition, the LAW Kentucky F&I Library can help facilitate the conversion to laser-printed transactions or e-contracting, since the documents are available in both paper-based and electronic formats. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.
The Kentucky Automobile Dealers Association (KADA) was incorporated in 1938. The primary purpose of the Kentucky Automobile Dealers Association is to promote high principles of commercial honor and integrity in the sale and service of motor vehicles and to serve as the voice of the dealer with state government.
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 dealer 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 and service 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. (www.reyrey.com)
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SOURCE The Reynolds and Reynolds Company