DAYTON, Ohio, April 22, 2015 /PRNewswire/ -- Reynolds and Reynolds today announced the launch of the Reynolds LAW® Massachusetts F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. The LAW library was developed by Reynolds Document Services in conjunction with the Massachusetts State Automobile Dealers Association (MSADA).
"We are pleased to collaborate with the Massachusetts State Automobile Dealers Association on the Reynolds LAW Massachusetts F&I Library," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "The MSADA, as well as our other dealer association partners, recognize the value LAW documents provide in standardizing and streamlining the vehicle-purchasing process in the dealership, helping mitigate risk for dealers, and improving the car-buying experience for consumers."
The LAW Massachusetts F&I Library will be maintained by Reynolds Director of Compliance Terry O'Loughlin and Reynolds' compliance legal specialists who are certified by the Association of Finance & Insurance Professionals (AFIP). They will coordinate with the MSADA.
"Part of the MSADA's mission is to promote compliance with federal and state laws and regulations," said Robert O'Koniewski, executive vice president, MSADA. "The LAW F&I forms are an ideal tool to aid in that task. The documents are regularly reviewed to help ensure legal compliance. Plus, the organized forms library helps support an efficient F&I process that can help reduce contracting errors, shave time off the car buying process, and improve the overall dealership experience for car buyers."
The Massachusetts State Automobile Dealership Association (MSADA) represents over 400 new car and truck dealers in the Commonwealth. The MSADA works to protect the political and economical interests of its members and increase the value of all automotive dealerships in Massachusetts.
About Reynolds LAW Brand Forms
The Reynolds LAW brand is established as one of the most trusted brands in the automotive industry. 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, 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.
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 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. (www.reyrey.com)
SOURCE The Reynolds and Reynolds Company