Banking Deadline Timeframe

justme0729

DIS Veteran
Joined
Jun 11, 2014
Messages
1,200
I am waiting for closing documents for an Aulani contract we recently bought. We are supposed to close by September 12th and I have a February use year that I need to bank 95 points to 2019 by September 30th. Will I have my membership number by then so that I can do that? Can I ask the seller to bank them for me now?
 
Wow. You are pushing it.

Once you close, the brokers seem to take a few days, depending on the broker, and then they send it to Orange County, Florida (for most DVC contracts, but maybe Aulani goes to Hawaii?), and they send it to Disney at the same time. Orange County records it almost immediately. Disney takes a day or two. Then, once Disney receives it and puts it into their system, they take 7 to 14 days (and it has been 14 days, recently, because they say they are loaded with work) and THEN, they put the points into your contract, and notify you, to let you set up a new membership number. If you are NOT getting a new membership number, but merging it with an existing membership and contract, with the exact same names on the deed and the same use year, then it MIGHT get done a bit faster, by Disney. I don’t know.

Ask your broker to please expedite the closing, if possible, and send it quickly to the govt and DVC to be recorded.

After Disney has received it, If you call DVC Member services, and then choose option 2, for administration, then option 1, and give them the Contract Number, they can tell you if they have received it, and, maybe, how long it is going to take. If you tell them your problem, they MIGHT expedite it, but probably not.

At least, this is all how things seemed to work for me, and I have bought several contracts.
 
I am waiting for closing documents for an Aulani contract we recently bought. We are supposed to close by September 12th and I have a February use year that I need to bank 95 points to 2019 by September 30th. Will I have my membership number by then so that I can do that? Can I ask the seller to bank them for me now?
I would ask the broker to have the seller bank the points for you. That’s what I did on my contract. I also,have a February use year and was supposed to close on my contract on the 17th of September. However, my contract closed super fast and the deed is already recorded. But yeah, ask them to bank the points for you just in case.
 
I would ask the broker to have the seller bank the points for you. That’s what I did on my contract. I also,have a February use year and was supposed to close on my contract on the 17th of September. However, my contract closed super fast and the deed is already recorded. But yeah, ask them to bank the points for you just in case.

Thank you! I just called and left a message. Hopefully it will work. Did you ask the sellers to bank after ROFR or before? We are currently waiting on estoppel so I wonder if it is too late...
 

Thank you! I just called and left a message. Hopefully it will work. Did you ask the sellers to bank after ROFR or before? We are currently waiting on estoppel so I wonder if it is too late...
It was actually after ROFR. Because the closing was originally scheduled for sometime in September so I didn't want to wait and take a chance. Luckily our closing was super quick so I probably could have done it myself, but I didn't want to take a chance.
 
It was actually after ROFR. Because the closing was originally scheduled for sometime in September so I didn't want to wait and take a chance. Luckily our closing was super quick so I probably could have done it myself, but I didn't want to take a chance.

Great news. Thanks! My agent just said she would have the points banked for me :)
 



















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