DAYTON, Ohio — The Reynolds and Reynolds Co. and the California New Car Dealers Association (CNCDA) today announced the launch of the LAW® California F&I Library, a comprehensive catalog of standardized, legally reviewed F&I documents for California motor vehicle dealers.
The LAW California F&I Library, which is an outgrowth of the strategic alliance formed between Reynolds and the CNCDA in October 2011, offers dealers a set of standard F&I forms designed to help manage risk, provide common defenses in litigation, and streamline processes.
“In today’s constantly evolving regulatory environment, automobile dealerships, state agencies, and financial institutions continue to look for ways to ensure appropriate levels of compliance and to gain efficiencies in their F&I processes,” said Jerry Kirwan, senior vice president of Document Solutions at Reynolds and Reynolds. “The LAW California F&I Library is a big step forward in helping dealerships manage risk and maintain compliance, while also streamlining the F&I process.”
The LAW California F&I Library was developed and will be maintained using the combined legal expertise of Reynolds’ Director of Compliance Terry O’Loughlin and the CNCDA legal department. Additional support for the project was provided by Manning, Leaver, Bruder & Berberich, Rob Cohen of Auto Advisory Services, Robert Robards of Automotive System Analysis, and Hudson Cook, LLP.
“At the CNCDA, one of our highest priorities is to help dealers reduce litigation risk by providing legally reviewed documents that help standardize the F&I process,” CNCDA President Peter Welch said. “The CNCDA board chose Reynolds for this project because they share the same vision and bring to the table the expertise necessary to create and maintain these standard documents.”