Reynolds and MADA Announce LAW® Maryland F&I Library

DAYTON, Ohio, Aug. 20, 2015 /PRNewswire/ -- The Reynolds and Reynolds Company today announced that Reynolds Document Services and the Maryland Automobile Dealers Association (MADA) have established the Reynolds LAW^® Maryland F&I Library. The library is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for Maryland automobile retailers. The documents in the LAW Maryland F&I Library are available in both paper-based and electronic formats.

"Automobile retailers are facing increasing levels of government regulation and potential litigation, as well as high expectations from consumers around the entire car-purchasing experience," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "Part of Reynolds' response for dealers is to partner with state automobile dealers associations to develop solutions such as LAW brand F&I libraries. The documents in the LAW Maryland F&I Library can help dealers minimize their compliance risk and, at the same time, help them streamline processes and improve the customer experience."

Kirwan noted the Reynolds LAW Maryland F&I Library can help dealers:

Minimize compliance risk – The documents in the LAW Maryland F&I Library are regularly reviewed for compliance with the latest automotive regulations. Reynolds' industry-leading forms specialists lead the review, in conjunction with Reynolds' outside legal partners and representatives from MADA.

Streamline F&I processes – By using the standardized vehicle deal documents in the LAW Maryland F&I Library, dealers can achieve a more consistent and effective F&I process in every transaction.

Increase customer satisfaction – The LAW Maryland F&I Library contains documents written in consumer-friendly language to help create a more transparent and understandable F&I process and improve the customer experience with the dealership.

Smooth the transition to electronic transactions – The printed documents in the LAW Maryland F&I Library are also available in a digital format, which helps facilitate the conversion to laser-printed transactions or e-contracting. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.

"Our organization has served automotive retailers for more than a century, and with that history comes a deep understanding of the tools dealers need to be successful," said Peter Kitzmiller, president of MADA. "That's why we partnered with Reynolds: to bring a more effective document solution to our members' F&I departments. The LAW Maryland F&I Library can offer dealers tools that deliver added compliance protection, smoother processes, and increased customer satisfaction."

About MADA

Maryland Automobile Dealers Association (MADA) is a statewide association of new car and truck dealers managed by a Board of Directors, which consists of members representing districts throughout the State. MADA was founded in 1910 as a non-profit trade association for the purpose of: "facilitating the exchange of ideas among its members; to encourage sound business policies; to foster constructive motor vehicle legislation; to discourage destructive motor vehicle legislation, and to promote confidence, respect and good fellowship among all who are directly or indirectly engaged in the motor vehicle industry." For more information visit MADA online at www.mdauto.org.

About Reynolds LAW Brand Documents

Reynolds' LAW brand is well established as one of the most trusted brands in the automotive industry. LAW documents 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 documents to help dealers manage their operations more efficiently and serve their customers more effectively.

About Reynolds
Founded in 1866 as a business forms printing company, Reynolds and Reynolds now is a leading provider of automobile dealership software, services, and documents 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)

SOURCE The Reynolds and Reynolds Company

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