MINNEAPOLIS — Wolters Kluwer Financial Services has partnered with the California New Car Dealers Association (CNCDA) to develop and market Wolters Kluwer's automotive retail installment sales contracts. Wolters Kluwer markets its retail contracts under the Bankers Systems brand name.
Form Source, the forms reseller division of the CNCDA, will offer the new paper contracts for sale to its 1,350 member dealers. The contracts are also available in an electronic format through Wolters Kluwer's Web-based DocOne document engine, or in a single laser printer format.
“Because of Wolters Kluwer Financial Services’ regulatory monitoring capabilities, we are able to provide our members access to retail contracts that will help ensure their retail credit transactions meet stringent federal and California state laws, as well as the business needs of the dealership,” said Peter Welch, CNCDA president. “This is yet another way we can help our members find the tools and services they need to maintain and grow their business in a regulatory environment that is constantly changing.”
Wolters Kluwer's motor vehicle retail sales installment contracts are created and maintained using the company’s compliance content, which is built upon more than 50 years of experience and knowledge behind its Bankers System product line. The company believes that their compliance experts can save dealers time and effort by tracking the regulatory changes that affect the indirect lending market.
“Wolters Kluwer Financial Services delivers the compliance expertise and tools needed to help lenders and dealerships meet changing regulatory needs, which allows them to focus on growing their business,” said Kevin Kopp, the company's director of indirect lending. “Our partnership with the CNCDA will allow greater access to these tools for auto dealerships within the California market.”