DAYTON, Ohio -

New Jersey dealers now have another option for research when trying to stay compliant with growing F&I laws.

The Reynolds and Reynolds Company announced the release of the Reynolds LAW New Jersey F&I Library.

The Library is a catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised new car and truck retailers throughout New Jersey.

And the documents in the LAW New Jersey F&I Library are available in both paper-based and electronic formats.

"Throughout 2016, we expect automobile retailers will continue to be challenged to balance increased demands from legislators and regulators with the increased demands from consumers for a more rewarding experience with the dealership," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "Part of Reynolds' response is to develop tools that help dealers face these pressures head on as well as help them prepare for the coming age of electronic transactions. The LAW New Jersey F&I Library is one such example of these tools."

Reynolds explained the documents in the library are regularly reviewed for compliance with the latest automotive regulations.

The team at Reynolds leads the review, in conjunction with Reynolds’ outside legal partners.

The standardized vehicle deal documents have the potential to help dealers achieve a more consistent F&I process, and moreover, the documents are written in a consumer-friendly language to help improve transparency.