Reynolds and PAA Launch LAW Pennsylvania F&I Library of Forms
DAYTON, Ohio — Reynolds and Reynolds on Thursday announced
the launch of the LAW Pennsylvania F&I Library, which offers Keystone State
dealers a comprehensive catalog of standardized, legally reviewed finance and
insurance documents.
Officials highlighted the LAW Pennsylvania F&I Library
of forms was developed jointly through a partnership between Reynolds Document
Services and the Pennsylvania Automotive Association (PAA).
"Government regulators, consumer organizations, and
automakers all are placing increasing pressures on dealers that shape how work
gets done in the dealership and how consumers experience the dealership," said
Jerry Kirwan, senior vice president and general manager of Reynolds Document
Services.
"The LAW Pennsylvania F&I Library of forms has been
developed to help dealers meet growing compliance requirements and to improve
productivity in the F&I department, both of which can lead to better
business results for dealers and a better car-buying experience for consumers,"
Kirwan continued.
Kirwan also pointed out The LAW Pennsylvania F&I Library
of documents was created and will be maintained through the combined expertise
of Reynolds Director of Compliance Terry O'Loughlin, Reynolds' Association of
Finance & Insurance Professionals (AFIP) certified compliance legal
specialists, and the Pennsylvania Automotive Association.
John Devlin is president and chief executive officer of the
Pennsylvania Automotive Association, one of the top 10 largest state
associations of franchised dealers and representing more than 950 members.
"One of our goals is to provide our member dealers with
products and services that help them address compliance issues, increase
operational effectiveness and meet today's retail challenges from a position of
strength," Devlin said. "Reynolds has a similar vision for helping dealers
address the challenges of a changing retail and regulatory landscape.
"We're pleased to work with Reynolds to offer the LAW
Pennsylvania F&I Library as one more way to help dealers manage risk,
maintain compliance, and streamline the F&I process," Devlin went on to
say.
Reynolds emphasized its LAW brand is well established in the
automotive industry as a "brand of trust." 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 Reynolds LAW 553 is available in a
number of different languages and is regularly reviewed by industry experts to
help keep pace with new legislative and regulatory developments.
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