DAYTON, Ohio — Reynolds and Reynolds recently updated the
Reynolds LAW California F&I Library of documents to reflect changes in
California law as well as incorporate dealer feedback.

The company highlighted those updates include a new form to
support electric vehicle sales, as well as changes to several other documents.
The updates were made during an annual review of the LAW California F&I
Library by Reynolds and the California New Car Dealers Association (CNCDA).

"Today's dealerships operate in a constantly evolving
legislative and regulatory environment," said Jerry Kirwan, senior vice
president and general manager of Reynolds Document Services. "As a result, the
business forms that support a dealer's F&I operation must be kept current
to remain compliant.

"The review process between Reynolds and the California New
Car Dealers Association helps us identify which forms need to be added or
updated to reflect changes arising from regulation, legislation, and
adjudication, as well as to reflect dealer feedback," Kirwan continued. "Together,
we are committed to helping dealers maintain compliance, reduce potential
liability, and streamline processes in their F&I departments."

The Reynolds LAW Electric Vehicle Charging Station
Disclosure form was added to the forms library in response to California
Assembly Bill 2502 that took effect on July 1. The form is required when
consumers finance the purchase of charging station equipment with the purchase
of an electric vehicle, in cases where that equipment is not already included
by the vehicle manufacturer.

The Reynolds LAW Universal Retail Sale Contract,
Pre-Contract Disclosure Form and Contract Cancellation Option Agreement also
were updated in response to the new legislation and dealer feedback.

"The review process for the LAW California F&I Library
is an essential part of helping make sure the forms used in every transaction
stand up to California's strict and ever-changing laws," said Brian Maas,
president of the CNCDA.

"We're pleased with the outcome of this review and look
forward to continuing to work with Reynolds to help ensure the library meets
the needs of California new car dealers in maintaining compliance and improving
business operations," Maas went on to say.

Reynolds director of compliance Terry O'Loughlin led the
review of the LAW California F&I Library for Reynolds Document Services in
conjunction with the CNCDA Legal Department.

Representatives from Manning, Leaver, Bruder &
Berberich, Rob Cohen of Auto Advisory Services, Robert Robards of Automotive
System Analysis and Hudson Cook also participated in the review.

Created through a strategic alliance between Reynolds and
the CNCDA, the LAW California F&I Library is designed to provide a
comprehensive catalog of standardized, legally reviewed finance and insurance
documents for California dealerships.

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