DAYTON, OHIO - June 9, 2009
Reynolds Congratulates Thomas B. Hudson on Receiving Lifetime Achievement Award
Hudson Honored Recently by the American College of Consumer Financial Services Lawyers
- The Reynolds and Reynolds Company, a leading provider of computer software, services, and document solutions for automotive retailers, is pleased to congratulate Thomas (Tom) B. Hudson on receiving the prestigious Senator William Proxmire Lifetime Achievement Award
from the American College of Consumer Financial Services Lawyers this spring. This award is presented periodically to persons who have made significant contributions in the field of consumer financial services throughout their careers. Hudson is a long-time legal expert working with the Reynolds and Reynolds document solutions business. Hudson has been instrumental in helping Reynolds establish the LAW® Universal Retail Installment Sale Contract
, the most widely used document in automotive finance.
"We are very pleased to see Tom recognized for his many outstanding achievements in consumer and automotive financial services law," said Jerry Kirwan, senior vice president of Integrated Document Solutions at Reynolds
. "Tom's legal expertise and the support of his law firm have been important factors in helping Reynolds demonstrate the value of LAW contracts to automotive retailers and financial institutions across the U.S. He's a real credit to the industry and it's gratifying to see Tom's peers honor his accomplishments."
Hudson is one of the founding partners of the law firm Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry. Hudson Cook regularly reviews Reynolds' LAW contracts to help keep pace with new legislative and regulatory requirements.
Reynolds' LAW contracts help simplify lending processes between automotive retailers and financial institutions. Using LAW contracts
also can help decrease the time it takes to process a vehicle loan and reduce the potential for errors since one standard contract can be used for all finance deals. LAW forms are available in all 50 states and have been endorsed by a number of state automobile dealers' associations for the benefits they provide for dealerships, lenders, and consumers.
Hudson also created the monthly legal reporting services "CARLAW" and "HouseLaw" and has authored and edited three books on the topic of automotive sales finance and leasing.
Reynolds and Reynolds is the automotive industry's largest and most trusted provider of automobile dealership software, services, and forms to help dealerships improve business results. The company is headquartered in Dayton, Ohio, with major operations in Houston and College Station, Texas, and Celina, Ohio. (www.reyrey.com