Please note the following updates to the Virginia LAW F&I Library®:
Virginia Buyers Order and Virginia Buyers Order with Arbitration
The new form numbers are LAWVA-BO(4P)25, LAWVA-BO(4C)25, LAWVA-BOARB4P25, and LAWVA-BOARB4C25. These new forms include, among others, the following updates:
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Updated VA Buyers Orders with new LAW template
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New "Agreement to Purchase" disclosure
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Updated Itemization section
Virginia Lease Order and Virginia Lease Order with Arbitration
The new form numbers are LAWVA-LO(4P)25, LAWVA-LO25IMP, LAWVA-LOARB4P25, and LAWVA-LOARB25IMP. These new forms include, among others, the following updates:
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New "Property Insurance" fields
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Removed "Collision Coverage" fields
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New "No Liability Insurance Included" disclosure
Arbitration Agreement
The LAW-ARB4P8/22 was approved for use in Virginia.
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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New template with a 6/24 revision date
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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.
VA Trade Pack (Discontinued)
The VA Trade Pack, form LAWVA-13-TRADE, has been discontinued.
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.