DAYTON, Ohio –

On Thursday, Reynolds and Reynolds launched the Reynolds LAW Tennessee F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance documents available to automobile retailers in Tennessee.

The F&I resource for dealerships in the Volunteer State extended Reynolds’ expansion since the beginning of the year as the provider now has added this availability in five other states, including Maryland, North Carolina, Louisiana, Alabama and Massachusetts.

“Automobile retailers continue to face increasing levels of regulatory scrutiny, as well as higher expectations from consumers around the entire car-buying experience," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services.

“Part of Reynolds' response for dealers is to develop document services that help them tackle those issues directly. The documents in the LAW Tennessee Library can help dealers minimize their compliance risk, streamline their F&I processes and improve their customers' experience in the F&I office."

Kirwan noted several benefits of the Reynolds LAW Tennessee F&I Library:

— Minimized compliance risk: LAW brand documents can help support a standardized, streamlined F&I process and can help reduce the retailer's litigation risk. The documents in the LAW Tennessee F&I Library are regularly reviewed for compliance with the latest regulations. Reynolds' industry-leading forms specialists lead the review alongside Reynolds' outside legal partners.

— Streamlined F&I processes: By using the standardized vehicle deal documents in the LAW Tennessee F&I Library, dealers can achieve a more consistent and effective F&I process in every transaction.

— Increased customer satisfaction” The LAW Tennessee F&I Library contains documents written in consumer-friendly language to help create a more transparent and understandable F&I process and improve the customer experience with the dealership.

— Smooth the transition to electronic transactions: The printed documents in the LAW Tennessee F&I Library are also available in digital format, which can help facilitate the conversion to laser-printed transactions or e-contracting. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I solutions.