DAYTON, Ohio, April 18, 2013 /PRNewswire/ -- Reynolds and Reynolds today announced the launch of the LAW® Pennsylvania F&I Library, which offers Pennsylvania automobile dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. The LAW Pennsylvania F&I Library of forms was developed jointly through a partnership between Reynolds Document Services and the Pennsylvania Automotive Association (PAA).
"Government regulators, consumer organizations, and automakers all are placing increasing pressures on dealers 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. "The LAW Pennsylvania F&I Library of forms has been developed to help dealers meet growing compliance requirements and to improve productivity in the F&I department, both of which can lead to better business results for dealers and a better car-buying experience for consumers."
The LAW Pennsylvania F&I Library of documents was created and 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 Pennsylvania Automotive Association.
John Devlin, president and CEO of the Pennsylvania Automotive Association, said, "One of our goals is to provide our member dealers with products and services that help them address compliance issues, increase operational effectiveness, and meet today's retail challenges from a position of strength. Reynolds has a similar vision for helping dealers address the challenges of a changing retail and regulatory landscape. We're pleased to work with Reynolds to offer the LAW Pennsylvania F&I Library as one more way to help dealers manage risk, maintain compliance, and streamline the F&I process."
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.
PAA is one of the top 10 largest state associations of franchised new car and truck dealers, representing more than 950 dealership members.
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 to help dealers transform how work is accomplished in the dealership and how consumers experience the dealership. The company is headquartered in Dayton, Ohio, with major operations in Houston and College Station, Texas, and Celina, Ohio. (www.reyrey.com)
SOURCE The Reynolds and Reynolds Company