Reynolds and Reynolds recently released the Reynolds LAW Georgia F&I Library, which is a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised dealers in the state of Georgia.

The company now has developed more than 30 state-specific Reynolds LAW brand F&I documents libraries, surpassing the midway point to a goal of creating LAW F&I libraries for all 50 states.

“F&I paperwork can be exacting and demanding both for dealerships and for their customers,” said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. “The F&I forms in use are often sourced from different vendors, may be outdated, or may have other inconsistencies — all of which can raise compliance risk for dealers and add confusion for dealership personnel and car buyers.”

"With each state-specific F&I forms library, we’ve built a trusted resource for dealers to better manage all of the forms necessary to complete a deal; better meet federal, state, and city F&I paperwork requirements; and deliver a more consistent, rewarding experience to car buyers at the dealership,” Kirwan continued.

And now Reynolds is offering the services for stores in Georgia.

"Regulatory scrutiny is an ongoing concern for automotive retailers. The LAW Georgia F&I Library is a tool to help dealers meet compliance obligations and manage risk,” Kirwan said. “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."

Kirwan noted that because the documents in the LAW Georgia F&I Library are written in consumer-friendly language, they are designed to help streamline the car-buying process and enhance the consumer experience with the dealership.

"The documents can help to create a clearer, more consistent, and more efficient F&I process for the F&I manager and for the consumer. And, because of those improvements to the overall F&I process, the overall consumer experience with the dealership can be improved,” he said.

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

The Reynolds LAW brand F&I libraries contain a comprehensive suite of standardized F&I documents developed to help meet the business needs of new-vehicle retailers in the specific state.

Kirwan went on to mention each state-specific LAW forms library is designed to deliver the following for automotive retailers:

—Manage compliance risk: Reynolds forms specialists regularly review the documents in the LAW F&I Libraries for legal sufficiency with the latest automotive regulations. They work in conjunction with Reynolds' outside legal partners and, where applicable, state automobile dealer associations.

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

—Increase customer satisfaction: Documents in the LAW F&I Libraries are written in consumer-friendly language to help create a more transparent and understandable F&I process and improve the consumer experience with the dealership.

—Smooth the transition to electronic documents: The printed documents in the LAW F&I Libraries are also available in 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 (eF&I) solutions.

States available include: Alabama, Arizona, Arkansas, California, Colorado, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia and Wyoming.

 “To surpass the midway point of creating an F&I forms library for every state is a testament to our team's document development knowledge and compliance expertise, as well as to the printing and fulfillment capabilities of our forms manufacturing operation,” Kirwan said.

“We look forward to the completion of this project nationwide and to the ongoing work of maintaining the F&I forms libraries. Our team will continue to regularly review and update the documents to incorporate dealer and OEM feedback and keep pace with current legislation and regulatory requirements,” he went on to say.