O'Loughlin Inducted Into F&I Hall of Fame

The Reynolds and Reynolds Company congratulates Terrence J. O’Loughlin, director of compliance for Reynolds Document Services, for his induction into the F&I Hall of Fame and a career of service to law and compliance.

“It gives me great pleasure to congratulate Terry on this incredible achievement. We thank him for his dedication to ensuring dealerships have the tools they need to transact with their customers in a compliant and ethical manner,” said Chris Walsh, president of Reynolds.

The Bobit Dealer Group created its F&I Hall of Fame and inducted its first three honorees in 2024. During the inductee selection process, the committee considers seven criteria, of which O’Loughlin is a prime example:

O’Loughlin’s contributions to innovation and impact have led to significant improvements. He participated in redrafting the LAW® 553® Retail Installment Sale Contract, arbitration and non-arbitration versions, for all 50 states. He also drafted and redrafted a generic suite of all the consumer-facing documents needed to underwrite a vehicle transaction for dealers. This suite numbers over 30 documents and has been the basis for Reynolds’ state-specific suites, which are now offered in all states. He drafted the LAW Universal Lease Contract as well.

His leadership and vision helped him garner acceptance of both universal and custom forms from major captive finance companies, financial institutions, and credit unions, positioning the industry at large for future success.

O’Loughlin’s ethics are beyond reproach. As an investigator for the Florida Attorney General’s Office, he got his introduction to the car business in 1990 and soon became the state’s point of contact for almost all dealer complaints.

In 1994, he drafted Florida Statute, Chapter 521, Motor Vehicle Lease Disclosure Act, the first lease disclosure statute of its kind, providing basic disclosures. It became law in 1995 and was emulated in other states.

O’Loughlin’s track record of contributions to the education and professional development of others spans over 30 years. Since 1994, he has authored numerous articles for F&I and Showroom, Compliance Today, P&A, Dealer Compliance Today, Consumers Digest, At Home With Consumers, Consumers’ Research, Going Places, Non Prime Times, Encyclopedia of Finance and Insurance Management, and others.

From a regulatory and policy influence standpoint, his contributions to the development, reform, and interpretation of laws and regulations affecting the finance and insurance industry have been significant. They’re embodied in his membership on:

He was also an FTC Roundtable participant in 2011.

“Without a doubt, O’Loughlin’s lengthy career has had a positive impact on dealers and the automotive retail industry as a whole,” concluded Walsh. “His three-plus decades of service to both consumers and dealers has shown him to be a man worthy of honor in the F&I Hall of Fame.”

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