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DAYTON, Ohio — West Coast auto dealers have a new tool in
maintaining F&I compliance, with the launch of a legal library designed to
help manage risk and provide common defenses in litigation.

The LAW California F&I Library is a comprehensive
catalog of standardized, legally reviewed finance and insurance documents for
California dealers, launched late last week by the Reynolds and Reynolds Co.
and the California New Car Dealers Association.

The library is an outgrowth of a strategic alliance formed
between Reynolds and the CNCDA in October 2011, Reynolds reported.

"In today's constantly evolving regulatory environment,
automobile dealerships, state agencies and financial institutions continue to
look for ways to ensure appropriate levels of compliance and to gain
efficiencies in their F&I processes," said Jerry Kirwan, senior vice
president of document solutions at Reynolds and Reynolds. "The LAW
California F&I Library is a big step forward in helping dealerships manage
risk and maintain compliance, while also streamlining the F&I process."

The library was developed, and will be maintained by,
Reynolds' director of compliance Terry O'Loughlin and the CNCDA Legal
Department, the company said. Additional project support came from Manning,
Leaver, Bruder & Berberich; Rob Cohen of Auto Advisory Services; Robert
Robards of Automotive System Analysis; and Hudson Cook, LLP.

CNCDA President Peter Welch said, "At CNCDA, one of our
highest priorities is to help dealers reduce litigation risk by providing
legally reviewed documents that help standardize the F&I process. The CNCDA
board chose Reynolds for this project because they share the same vision and
bring to the table the expertise necessary to create and maintain these
standard documents. The LAW California F&I Library will be instrumental in
helping California new-car dealers potentially reduce liability."