Wolters Kluwer Financial Services Introduces New Customizable Motor Vehicle Lease Agreements in Electronic Format

To meet the growing demand for paperless finance transactions within the auto finance industry, Wolters Kluwer Financial Services today announced that it is offering auto dealers, workflow aggregators and lenders new standardized and easily customizable motor vehicle lease agreements in an electronic format. The new lease documents, which are also available in paper format, are offered for all 51 jurisdictions across the U.S., and are protected by Wolters Kluwer Financial Services’ industry-leading compliance warranty. The documents are designed to meet the Federal Reserve Board’s Regulation M, which implemented the Consumer Leasing Act to require more detailed pricing information and terms in consumer leases, as well as other state and federal regulations on auto leasing. The documents can also be easily tailored to meet a lender’s specific leasing business practices and policies. By using these compliant solutions in an e-format, dealers and lenders not only mitigate risk, but also increase efficiency and reduce costs. "The new lease agreements are yet another example of how Wolters Kluwer Financial Services excels at recognizing market needs and providing solutions that address lender compliance and dealership usability,” said Kevin Kopp, director of Indirect Lending for Wolters Kluwer Financial Services. "We are facilitating e-contracting by offering the new lease agreements in an electronic format or via our Web-based DocOne document engine, which ultimately helps ease the burden of both compliance and document maintenance.” Wolters Kluwer Financial Services’ strong reputation for providing warranted indirect compliance documentation is built on more than 50 years of experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems product line. About Wolters Kluwer Financial Services Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.