Reynolds, MADA Announce Launch of LAW® Mississippi F&I Library
The LAW Mississippi F&I Library is a Suite of Standardized F&I Documents for Franchised Automobile and Truck Dealers in the State of Mississippi
DAYTON, Ohio, March 20, 2017 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® Mississippi F&I Library, which was developed in partnership with the Mississippi Automobile Dealers Association (MADA). The Reynolds LAW Mississippi F&I Library is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised automobile and truck dealers throughout the state of Mississippi.
"The documents in the LAW Mississippi F&I Library are designed to help streamline the car-buying process and improve the consumer experience with the dealership," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "The documents are written in consumer-friendly language, and they can help dealers to create a more transparent and efficient F&I process for both the F&I manager and the consumer."
"MADA is pleased to have Reynolds Document Services as a resource for our dealers," said Marty Milstead, president of the Mississippi Automobile Dealers Association. "I have found Reynolds to be responsive to our efforts to provide documents needed to serve our membership," Milstead stated further.
Kirwan also noted that the LAW Mississippi F&I Library is a tool created to help dealers better meet compliance obligations and manage risk, since regulatory scrutiny is an ongoing business pressure for automotive retailers.
In addition, 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.
The printed documents in the LAW Mississippi F&I Library also 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 Mississippi Automobile Dealers Association
MADA is a trade association representing Mississippi's franchised automobile and truck dealers. Formed in 1941, MADA represents a collective voice for the dealers working to advance, promote and protect the franchised dealers and automobile industry.
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.
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 automotive documents to help dealers manage their operations more efficiently and serve their customers more effectively.
About Reynolds
Reynolds and Reynolds is a leading provider of automobile dealership software, services, and forms designed 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.
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SOURCE The Reynolds and Reynolds Company
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