Reynolds and OADA Partner to Launch LAW® Ohio F&I Library
LAW Ohio F&I Library of Forms Offers Dealerships Comprehensive Catalog of Standardized, Compliant F&I Forms
DAYTON, Ohio – Sept. 17, 2014 – Reynolds and Reynolds announced today the launch of the Reynolds LAW® Ohio F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents available to automobile dealers in Ohio. The Reynolds LAW brand library of forms was developed jointly through a partnership between Reynolds Document Services and the Ohio Automobile Dealers Association (OADA).
“After partnering recently with a number of other state and regional dealer associations in the creation of LAW forms libraries, Reynolds is pleased to partner with the OADA in the same venture,” said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. “The OADA and our other dealer association partners understand a LAW forms library can support a comprehensive retail management approach for dealers and can help dealers improve the car-buying experience for their customers.”
Changing regulations for automobile dealers have increased the pressure to improve dealers' F&I operations, Kirwan added. As a result, dealers are seeking trusted ways to help their business meet current compliancy standards, improve efficiency and lower risk, and stay up-to-date with customer service trends.
The LAW Ohio F&I Library of documents was created and will be maintained by the combined expertise of Reynolds Director of Compliance Terry O'Loughlin, Reynolds' AFIP certified compliance legal specialists, and the OADA.
“The creation of the Ohio LAW library aligns with our interests of providing our members with credible ways to improve dealership operations, as well as improve the experience for their customers,” said Tim Doran, president of the OADA. “We are pleased to partner with Reynolds in this endeavor.”
Based in Dublin, Ohio, the OADA is a political, economic, and educational association created for Ohio dealers, by Ohio dealers, and managed by Ohio dealers, with the mission to protect the interests and increase the value of automotive dealerships throughout the state. Visit the OADA online at www.oada.com.
Reynolds' LAW brand is well established in the automotive industry as a brand of trust. 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.
Reynolds Document Services offers similar LAW brand forms libraries to automobile retailers in a number of states, including California, Pennsylvania, West Virginia, and Virginia.
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.
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. Visit Reynolds online at www.reyrey.com.
About Global Payments
Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
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