DAYTON, Ohio, July 26, 2016 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the release of the Reynolds LAW® Utah F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for new car dealers throughout the state of Utah.
"Regulatory scrutiny will be a continuing and ever-present demand automotive retailers will have to face," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "In response, we've developed the LAW Utah F&I Library as one more tool dealers can use to meet compliance obligations and reduce risk. The documents in the library are regularly reviewed for compliance with the latest automotive regulations by Reynolds' industry-leading forms specialists alongside Reynolds' outside legal partners."
In addition to helping to minimize compliance risk, Kirwan noted that the documents in the library are designed to streamline the car-buying process and enhance the consumer experience with the dealership. Because the documents are written in consumer-friendly language, they can help to create a clearer, more efficient F&I process for the consumer. By increasing the efficiency of the F&I process, the overall consumer experience with the dealership can be improved.
The printed documents in the LAW Utah 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 Retail Installment 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.
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.
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.
SOURCE The Reynolds and Reynolds Company