DAYTON, Ohio — This week, the Reynolds and Reynolds Co. released the Reynolds LAW Idaho F&I Library, a suite of standardized, legally reviewed F&I documents for the franchised new vehicle dealers in the state of Idaho.
According to the company, the documents are written in a consumer-friendly language meant to create a clearer, more efficient F&I process for the consumer.
"Based on industry trends during the first half of 2016, we expect automotive retailers will continue to be challenged by the increased demands of regulation," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "Documents in the LAW Idaho F&I Library are regularly reviewed for compliance with the latest automotive regulations by Reynolds' industry-leading forms specialists alongside Reynolds' outside legal partners, helping dealers meet their compliance obligations and reduce their litigation risk."
Given its availability in paper-based and electronic formats, the new F&I library will also help facilitate the conversion to laser-printed transactions or e-contracting, according to the company.