Please note the following update to the New York LAW F&I Library®:
NY Arbitration Agreement
The new form number is LAWNY-ARB25. It replaces the LAWNY-ARB9/16. The new form includes, among others, the following updates:
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Updated arbitration language to align with the New York LAW® 553® Retail Installment Sale Contract
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Updated the NYC Dept. of Consumer and Worker Protection license # field to reflect the new department name.
NY Lien Payoff Authorization and Release
The new form number is LAWNY-PAYOFF25. It replaces the LAWNY-PAYOFF. The new form includes, among others, the following updates:
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Updated form title from Authorization to Release Payoff Information to Lien Payoff Authorization and Release.
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Expanded scope of form to include both trade-in transactions and dealer purchase transactions.
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Provides a description of the lien payoff process and the owner's financial responsibility.
NY Optional Product Disclosure
This document, form number LAWNY-OPD(3P), has been added to the F&I Library.
NY We Owe You Owe
This document, form number LAWNY-SA1506YO, has been added to the F&I Library.
Dealers will need to consult with their DMS provider regarding reprogramming requirements for new or updated documents.
You can place orders for the most recent version of any LAW document through our online portal ReySource, by contacting your Document Services Consultant, or calling 1.800.344.0996.