Important Update regarding forms

Starting June 2025, Bankers Systems (now part of Reynolds & Reynolds) will move to a pay-per-transaction model for forms.

To better support you, we’ve engaged with Hudson Cook to develop new Wayne Reaves forms. Many of these will be available to you at no additional cost. However, depending on your location and DMS version, some dealers may need to switch to a billable forms model to continue accessing certain contracts.

Scroll to the bottom to find your state and DMS version to see how this change affects you.

The following forms will be updated:

  • Arbitration Agreement

  • Agreement to Provide Insurance

  • Odometer Disclosure Statement

  • Risk Based Pricing Notice – No Credit Score (Form will no longer be available)

  • Conditional Delivery Agreement – (Form will no longer be available)

  • Bill of Sale – (The Bankers Systems Buyers Order will no longer be available)

    • This will be replaced with the new Wayne Reaves Software Bill of Sale

  • Contracts

    • The changes to the contracts will depend on what version of our DMS and what state you are located in. Please see below for specific information

Important Action Required:
If you plan to continue using Bankers Systems Contracts or begin using LAW-553 Contracts (Billable Forms), a new digital agreement is required before you will be able to print. There is no setup cost.

To enroll for access to Billable Forms, do not delay. Please email accounting@waynereaves.com and request access as soon as possible.

contracts

Check below for your DMS version and state for more details.

PRO DMS

We are providing a new Wayne Reaves Software Retail Installment Contract, which will automatically replace the current Bankers Systems Retail Installment Contract in your forms print list.

  • Bankers Systems Contracts will be available as a “Billable Form” – Pay Per Transaction Fee.

  • The LAW-553 Contracts are also still available as a “Billable Form” – Pay Per Transaction Fee in the following states: AL, FL, GA, NC, SC, VA.

If you are using Pro DMS in the following states:
AL, FL, GA, MS, NC, OH, SC, VA

.NET

If you are using .NET in the
following states:
AL, FL, GA, KY, MO, MS, NC, OH, OK, SC, TN, TX, VA, WV

We are providing a new Wayne Reaves Software Retail Installment Contract, which will automatically replace the current Bankers Systems Retail Installment Contract in your forms print list.

  • Bankers Systems Contracts will be available as a “Billable Form” – Pay Per Transaction Fee.

  • The LAW-553 Contracts are also still available as a “Billable Form” – Pay Per Transaction Fee in the following states: AL, AZ, FL, GA, IL, KS, KY, MO, MS, NC, NJ, OK, SC, TN, TX, VA

If you are using .NET in the
following states:
AR, AZ, IL, IN, KS, LA, NJ, NV, PA, UT

A new Wayne Reaves Bill of Sale will be provided.

There will not be Wayne Reaves Contracts.

Dealers will need to get set up for “Billable Forms” to have a contract available through the DMS.

FOXPRO

We are providing a new Wayne Reaves Software Retail Installment Contract, which will automatically replace the current Bankers Systems Retail Installment Contract in your forms print list.

  • Bankers Systems Contracts will be available as a "Billable Form" (Pay Per Transaction Fee).

If you are using FOXPRO in the
following states:
AL, FL, GA, KY, MO, MS, NC, OH, SC, TN, VA

If you are using FOXPRO in the
following states:
AR, LA

A new Wayne Reaves Bill of Sale Will be provided.

There will not be Wayne Reaves Contracts.

Dealers will need to get set up for “Billable Forms” to have a contract available through the DMS.

Important Considerations –

If we are providing a Wayne Reaves contract for your DMS/state (see below):

  • Buy Here Pay Here Deals using the Bankers Systems Retail Installment Contracts will be replaced by the new Wayne Reaves Software Retail Installment Contracts.

  • Outside Bank Financing Deals using the Bankers Systems Retail Installment Contracts will be replaced with the Wayne Reaves Software Retail Installment Contracts.

  • We recommend that you check with any lenders who fund your deals to confirm that the new contracts are acceptable, or if one of the billable forms options would be more suitable. (Bankers Systems or LAW-553) – Your defaults / lender setups would need to be updated to the appropriate form.

  • Please review your deals after this update to ensure that forms are printing correctly.

Please take a few moments to review the changes.
click here to view sample forms

Please also watch for a new EULA that will be sent to you. We ask that you review and sign it upon arrival. We appreciate your business and thank you for your patience as we implement these new changes.