CCdad
TUG Member
- Joined
- Apr 6, 2017
- Messages
- 308
- Reaction score
- 122
- Points
- 154
- Resorts Owned
- Wyndham
A contract with non-conforming use year moves from Seller to Buyer. Points for the use years are added as a new use year in Buyer's account. Current Year plus one or two subsequent use years.
Example:
Transfer date: July 1, 2017
Use Year: June 30
Contract Amount: 100K
Points History Records Added to Buyer's Account
Use Year 6/30/2018 - 100K
Use Year 6/30/2019 - 100K
Buyer sees two non-conforming June 30 use years added to their account with 100K points each. The points for use year June 30, 2017 (if added) will have just expired and then removed with another record in the points history screen. All is well.
If there was no realignment of their non-conforming contract, during the 2017 year end processing Buyer should have seen a new use year ending 6/30/20 added with 100K points in it.
This doesn't happen. Instead the Buyer sees 100K points for the contract added as 2020 calendar use year points.
Buyer reviews their ownership screen and sees that the contract that was transferred on July 1, 2017 originally as a June 30 use year now shows as a December 31 use year. But there was no realignment of the use years in their account, removing the 100K points from the June 30 use years and adding full 100K points to their calendar use years.
Buyer has been shorted 50K in points in their account for the period July 1 - December 31, 2019. But Buyer will still be paying the monthly MFs on points owned and not awarded.
Example:
Transfer date: July 1, 2017
Use Year: June 30
Contract Amount: 100K
Points History Records Added to Buyer's Account
Use Year 6/30/2018 - 100K
Use Year 6/30/2019 - 100K
Buyer sees two non-conforming June 30 use years added to their account with 100K points each. The points for use year June 30, 2017 (if added) will have just expired and then removed with another record in the points history screen. All is well.
If there was no realignment of their non-conforming contract, during the 2017 year end processing Buyer should have seen a new use year ending 6/30/20 added with 100K points in it.
This doesn't happen. Instead the Buyer sees 100K points for the contract added as 2020 calendar use year points.
Buyer reviews their ownership screen and sees that the contract that was transferred on July 1, 2017 originally as a June 30 use year now shows as a December 31 use year. But there was no realignment of the use years in their account, removing the 100K points from the June 30 use years and adding full 100K points to their calendar use years.
Buyer has been shorted 50K in points in their account for the period July 1 - December 31, 2019. But Buyer will still be paying the monthly MFs on points owned and not awarded.
I've noticed this at least twice on other owners' accounts. This should have been very easy to spot, but sometimes folks just accept that what's in their account history must be correct.
Will Wyndham correct this error prior to the calendar year 2019 use year points expiring - answer at the moment is TBD?
If they do, unless these owners are VIP Platinum they must either use these points, donate them or deposit them into RCI.
Will Wyndham correct this error prior to the calendar year 2019 use year points expiring - answer at the moment is TBD?
If they do, unless these owners are VIP Platinum they must either use these points, donate them or deposit them into RCI.