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Article: Reynolds Announces Michigan Automobile Dealers Association Endorsement of LAW(R) 553 Universal Retail Sale Contract.
- Article from:
- PR Newswire
- Article date:
- June 24, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DAYTON, Ohio, June 24 /PRNewswire/ -- Reynolds and Reynolds announced today that the Michigan Automobile Dealers Association (MADA) is endorsing the Reynolds LAW(R) 553 Universal Retail Sale Contract to the more than 700 new car dealerships that the association currently represents throughout Michigan.
The LAW 553, as it is commonly known in the industry, is the most widely used document in automotive finance. It helps simplify lending processes between automotive retailers and financial institutions. Using LAW contracts also can help decrease the time it takes to process a vehicle loan and reduce the potential for errors, since one standard contract and set of ...