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Banking a week with RCI, then selling your original

T

theticket

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Say I bank a 2012 fixed week(that has all maintenance and taxes paid for the year) with RCI, and the week is say 40 and I bank it this January. Can I then sell my timeshare in March 2012 and still be able to use the banked week with RCI as long as I am still a member of RCI??? Usually I have at least 2 years after my week 40 to use my banked week, but of course I would no longer own the timeshare.
Thanks
 
DeniseM

DeniseM

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Yes, unless you tell RCI, they won't know that you are no longer a TS owner. Just be sure that you stipulate the first usage year in your Ads and contract.
 
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theticket

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Thank you for that info. I just wanted to confirm because that is what RCI told me. They said that once it was banked and confirmed, it was mine to do with as I pleased.
 
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What would stop the new owner (who received your timeshare in 2012) from cancelling any future vacations on what is now his/her account?
 
Beefnot

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icul8rg8r said:
What would stop the new owner (who received your timeshare in 2012) from cancelling any future vacations on what is now his/her account?
Click to expand...

I believe once the week is banked, the week is now the exchange company's to do with as they please. Also, when the timeshare changes ownership, the year of first usage accompanies the purchase contract and is registered accordingly with the timeshare mgmt company, so I do not think what you're describing is possible.
 
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