DAYTON, Ohio, Oct. 12, 2016 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® New York F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised automobile dealers throughout the state of New York.
"Since regulatory scrutiny is an ongoing concern for automotive retailers, the LAW New York F&I Library is a tool to help dealers better meet compliance obligations and manage risk," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services.
Kirwan noted that 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.
Kirwan added, "The documents in the LAW New York F&I Library are designed to help streamline the car-buying process and enhance the consumer experience with the dealership. Using standard documents written in consumer-friendly language can help to create a clearer, more consistent, and more efficient F&I process for the F&I manager and for the consumer."
The printed documents in the LAW New York F&I Library also 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.
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 automotive documents 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 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. (www.reyrey.com)
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SOURCE The Reynolds and Reynolds Company