Reynolds, OADA, Announce New LAW® Oklahoma F&I Library
The LAW Oklahoma F&I Library is a Suite of Standardized F&I Documents for the Franchised New Motor Vehicle Dealers in Oklahoma
DAYTON, Ohio, Nov. 3, 2016 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® Oklahoma F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for new motor vehicle dealers in Oklahoma. The Reynolds LAW Oklahoma F&I Library was jointly developed by Reynolds Document Services and the Oklahoma Automobile Dealers Association (OADA).
"We are pleased to announce this comprehensive suite of documents for new motor vehicle dealers in Oklahoma," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "The documents in the LAW Oklahoma F&I Library are designed 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 and representatives from the OADA."
Kirwan also noted that the documents in the library are written in consumer-friendly language and can help to establish a clearer, more efficient F&I process at the dealership. By increasing the efficiency of the F&I process, the overall consumer experience with the dealership can be improved.
Steven Rankin, President of the Oklahoma Automobile Dealers Association, said, "The Oklahoma Automobile Dealers Association aims to protect and support the business interests of Oklahoma car and truck dealers. We are happy to share the LAW Oklahoma F&I Library with our dealers because it is designed to help them maintain compliance, improve day-to-day F&I operations, and improve the experience of buying a car or truck for their customers."
In addition, the printed documents in the LAW Oklahoma F&I Library are available in a digital format, which can help facilitate the conversion to laser-printed transactions and e-contracting. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.
The Oklahoma Automobile Dealers Association is the trade association for dealerships in Oklahoma. It serves more than 300 new car and heavy duty truck dealers across the state.
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 Installment Sale Contract, 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.
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.
About Reynolds
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.
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SOURCE The Reynolds and Reynolds Company
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