Reynolds and Reynolds Announces F&I Law Library
June 13, 2017—Reynolds and Reynolds today announced the release of the Reynolds LAW Alaska F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for new car and truck dealers throughout the state of Alaska.
"The documents in the LAW Alaska F&I Library are designed to help streamline the car-buying process and enhance the consumer experience with the dealership," Jerry Kirwan, senior vice president and general manager of Reynolds Document Services, said.
"Using standard documents written in consumer-friendly language can help to create a clearer, more consistent, and more efficient F&I process for the F&I manager and for the consumer," he added. "Because of those improvements to the overall F&I process, the overall consumer experience with the dealership can be improved."
Kirwan also noted that because regulatory scrutiny is an ongoing concern for automotive retailers, the LAW Alaska F&I Library is a tool to help dealers meet compliance obligations and manage risk. The documents in the library are regularly reviewed for legal sufficiency with the latest automotive regulations by Reynolds' industry-leading forms specialists alongside Reynolds' outside legal partners.
The printed documents in the LAW Alaska F&I Library also are available in a digital format, which can help facilitate the conversion to laser-printed forms and e-contracting transactions. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.