ride,, can you explain that. i thought it was the unit was available online for exchange for up to 60 day after deposit date of unit.. ??
i never fully understood that part of the settlement (yeah right) with rci.
i found this at Timeshare Today
Priority for exchanges:
For a period of two years commencing
no later than August 31,
2010, each week deposited more than
one year in advance of the starting date
of the week shall, for a period of 31
days from date of deposit, be available
exclusively for exchange and not for
any other purpose including rental.
In addition, during the two year
period, all weeks, whenever deposited,
will be used to satisfy active exchange
requests pending at the time of deposit,
subject to Trading Power criteria
so it seem the unit are only online for only 30 days from date of deposit.. guess we need to find out when, i am guessing most use jan as date of MF have to be paid, at the high demand resorts..
I think the key word in that statement is " each week deposited more than
one year in advance of the starting date" so if the week is deposited only 11 month out all bet are off.. We got hosed on this deal for the most part it seems.. in reading over the material on TStoday.com it appears the judge was in RCI back pocket for the most part..
wonder what happens after aug 2012 when the settlement if over..??
about a year ago, TUGGER Judy deposited her prime unit in the Outer Banks and saw the resort name come up in the rental pool. She called and found it was her exact unit. When I read that, my faith in RCI dwindled.