Reynolds, ADAA Announce LAW® Alabama F&I Library
Reynolds LAW® Alabama F&I Documents Library Offers Dealerships a Comprehensive Catalog of Standardized F&I Forms
DAYTON, Ohio
Jun 15, 2015
Reynolds and Reynolds today announced the launch of the Reynolds LAW® Alabama F&I Library, which was developed jointly by Reynolds Document Services and the Automobile Dealers Association of Alabama (ADAA). The Reynolds LAW Alabama F&I Library is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for Alabama’s franchised new car and truck retailers.
“As regulatory requirements increase for dealerships, so does the scrutiny of their business operations,” said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. “We’ve developed the documents in the LAW Alabama F&I Library to help automobile retailers better manage compliance risk as well as streamline their F&I processes and improve the customer experience with the dealership.”
The documents in the LAW Alabama F&I Library are regularly reviewed for compliance with the latest regulations. The review is led by a team of industry-leading compliance experts at Reynolds in conjunction with Reynolds’ outside legal partners and representatives from ADAA.
Thomas R. Dart, CAE, president of ADAA, said, “Our association looks for business partners who share in our mission to protect the business interests of Alabama new car and truck dealers. We’re pleased to find in Reynolds a partner to help our members keep pace with regulatory developments, standardize their F&I processes, and improve customer satisfaction with their car-buying experience.”
About ADAA
The Automobile Dealers Association of Alabama, Inc. (ADAA), is a nonprofit trade association representing and serving the interests of Alabama’s 300 franchised new car and truck dealers.
About Reynolds LAW Brand Forms
Reynolds’ LAW brand is well established as one of the most trusted brands in the automotive industry. 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 most widely accepted document in auto finance. The Reynolds LAW 553 is available in a variety of languages and is regularly reviewed by industry experts to help keep pace with new legislative and regulatory developments.
Since the 1920s, Reynolds has been known as the leader in serving automobile dealerships nationwide with standard and custom business and vehicle sales forms to help dealers manage their operations more efficiently and serve their customers more effectively.
About Reynolds
Reynolds and Reynolds is a leading provider of automobile dealership software, services, and forms to help dealerships deliver better business results and transform the customer experience. The company is headquartered in Dayton, Ohio, with major operations in Houston and College Station, Texas, and Celina, Ohio. (www.reyrey.com)