Wolters Kluwer Financial Services Offers Universal Motor Vehicle Lease Agreements

BATON ROUGE, La.--(BUSINESS WIRE)-- Wolters Kluwer Financial Services is now offering captive finance companies, lenders and auto dealerships universal closed-end motor vehicle lease agreements for all U.S. states. These lease agreements help ensure auto leases are in compliance with current federal and state-specific regulatory requirements, while also helping simplify leasing and back-office processes.

By relying on Wolters Kluwer Financial Services’ standard lease documents, captives and lenders can significantly lower costs associated with monitoring regulatory changes and developing and producing their own lease contracts. For dealerships, a universal lease agreement allows them to simplify and eliminate the programming and inventory costs they incur when using lease agreements from multiple providers.

Wolters Kluwer Financial Services’ universal close-end motor vehicle lease agreements are designed to meet Regulation M requirements and any other state and federal requirements on auto leasing. Offered in both print and e-form, the contracts are suitable for transactions with equal monthly payments or single payment. Additionally, the contracts are customizable, allowing captives and lenders the ability to include products and features unique to their leasing programs.

The contracts are maintained by the company’s compliance experts, who monitor legislative and regulatory changes affecting the indirect lending finance industry in 51 U.S. jurisdictions, and are protected by Wolters Kluwer Financial Services’ limited compliance warranty.

“Our Indirect Lending business was created to help lenders and dealerships comprehensively address various aspects of regulatory compliance,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “This offering is yet another example of that commitment. By providing an industry standard for auto lease contracts, we can help lease companies, lenders and dealers simplify the leasing process for their organizations and the customers they serve.”

For more information about Wolters Kluwer Financial Services’ Indirect Lending solutions, visit www.wolterskluwerfs.com/ilsolutions.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the world’s largest compliance and risk management business focused on financial services, with more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2009) €3.4 billion ($4.8 billion) and approximately 19,300 employees worldwide. Please visit our website for more information.

Wolters Kluwer Financial ServicesJennifer Marso, 612-852-7912
Senior Director, Corporate Communications
[email protected]
On Twitter: @JenniferMarso
orAngela Peterson, 612-656-7745
Corporate Communications Manager
[email protected]
On Twitter: @AngiePeterson

Source: Wolters Kluwer Financial Services