DAYTON, Ohio, June 12, 2013 /PRNewswire/ -- Reynolds and Reynolds today announced the availability of the LAW® West Virginia F&I Library that offers West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. The Reynolds LAW brand West Virginia F&I Library of forms was developed jointly through a partnership between Reynolds Document Services and the West Virginia Automobile and Truck Dealers Association (WVATDA).
"Increasingly, dealers are facing pressures from government regulators, automakers, and consumers that shape how work gets done in the dealership and how consumers experience the dealership," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "Nowhere is that more apparent than in the F&I office. As a result, dealers are seeking solutions that help them further manage risk, maintain compliance, and improve the customer experience. The LAW West Virginia F&I Library is a set of business tools that can help dealers meet today's legislative and OEM guidelines. It also will help increase efficiencies in F&I department and deliver an improved car-buying experience to consumers."
The LAW West Virginia F&I Library of documents will be maintained through the combined expertise of Reynolds Director of Compliance Terry O'Loughlin, Reynolds' Association of Finance & Insurance Professionals (AFIP) certified compliance legal specialists, and the West Virginia Automobile and Truck Dealers Association, along with its outside legal counsel Johnnie Brown from Pullin, Fowler, Flanagan, Brown & Poe, PLLC.
Ruth Lemmon, president of the West Virginia Automobile and Truck Dealers Association, said, "We continually seek out products and services that help our member dealers conduct operations more efficiently and safeguard their business. We're pleased to work with Reynolds to offer the LAW West Virginia F&I Library. We see this as an important step to help our members meet their business needs more efficiently. At the same time, it can help dealers streamline their F&I processes and maintain compliance."
West Virginia Automobile and Truck Dealers Association is the collective voice of new car and truck dealers in the state. Through its actions, WVATDA aims to make it as easy as possible for dealers and their customers to buy, sell, and maintain automotive vehicles. In 2013, WVATDA is celebrating 80 years of representing the interests of automobile retailers in West Virginia.
Reynolds' LAW brand is well established in the automotive industry as a brand of trust. LAW forms 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, which is the most widely accepted document in auto finance. The Reynolds LAW 553 is available in a number of different languages and is regularly reviewed by industry experts to help keep pace with new legislative and regulatory developments.
Reynolds Document Services offers similar LAW brand forms libraries to California and Pennsylvania automobile retailers.
Since the 1920s, Reynolds has been known as the leader in serving automobile dealerships nationwide with standard and custom business and vehicle sales forms to help dealers manage their operations more efficiently and serve their customers more effectively.
Reynolds and Reynolds is the automotive industry's leading provider of automobile dealership software, services, and forms. (www.reyrey.com)
SOURCE The Reynolds and Reynolds Company