Please note the following updates to the Texas LAW F&I Library®:
Texas Buyers Order and Texas Buyers Order with Arbitration
The new form numbers are LAWTX-BO(3P)25 and LAWTX-BOARB3P25. They replace the LAWTX-BO(3P)22 and LAWTX-BOARB3P22. These new forms include, among others, the following updates:
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New "Agreement to Purchase" disclosure
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Updated Itemization section
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Modified "Additional Terms and Conditions" on backer
Lease Order and Lease Order with Arbitration
The new form numbers are LDJ-LO(3P)23 and LDJ-LOARB(3P). The replace the LDJ-LO(3P) and LDJ-LOARB(3P). These new forms include, among others, the following updates:
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Added "Agreement to Lease" disclosure to the face
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Removed "How This Lease Order Can Be Changed" box to the face
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Modified customer contact paragraph on the backer
Arbitration Agreement
The LAW-ARB4P8/22 was approved for use in Texas.
Optional Product Disclosure
The new form number is LDJ-OPD(3P)24. It replaces the LDJ-OPD(3P)19. The new form includes, among others, the following updates:
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Expanded Buyers/Lessee information field to include fields for Email, Phone, and Cell
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Modified language to better clarify that the customer is not required to buy optional products or services to obtain credit or a lease.
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Added checkboxes to identify Transaction Type
Lien Payoff Authorization & Release
The new form number is PAYOFF-RELEASE24. It replaces the PAYOFF-RELEASE19. The new form includes, among others, the following updates:
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Changed 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
We Owe You Owe
The SA-1506YO 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.