Can "points in holding" be transfered??

[iluvflorida8]

Just wondered if points in "holding" can be transferred to another DVC members account?

 

[Dean]

I seem to recall others posting they have done this though it's been a while and there is nothing in the rules to suggest it's not possible. However, I'd think one needs to check with DVC to make sure and be certain to record the person you talk to as DVC tends to give you multiple answers to the same question asked several times.

 

[RobDoc]

Since "Holding Account" points cannot be banked and will expire at the end of the Use Year and since transferred points may be banked into the following Use Year it would seem that they could not be transferred to another member ... BUT ... as Dean mentions, you should check with MS since they are often inconsistent regarding following DVC policies.

Good luck!

 

[iluvflorida8]

Thanks Dean and Doc!! I will call MS Monday.

 

[Dean]

Thanks Dean and Doc!! I will call MS Monday.

Please let us all know what they say. Do remember that the first answer is not necessarily the same one you'll get next call.

 

[iluvflorida8]

Please let us all know what they say. Do remember that the first answer is not necessarily the same one you'll get next call.

Member Services did allow my transfer of "holding points" to another DVC member with no problem. My points were 2005 UY and they went into the members 2005 UY.

 

[Dean]

Member Services did allow my transfer of "holding points" to another DVC member with no problem. My points were 2005 UY and they went into the members 2005 UY.

That was what I thought and what I remembered people had done from a couple of years ago. I believe the same is true for reservation points. Thanks for letting us know what you found out.

 

[RobDoc]

Thanks for the report.

It would be interesting to know if the member who received your points would be allowed to bank them into the next year or even to use them for a reservation more than 60 days in advance - if they treat them like other transferred points where they assume the home resort and Use Year of the account into which they were transferred that might be another way to extend the use of "distressed" points.

 

[iluvflorida8]

Thanks for the report.

It would be interesting to know if the member who received your points would be allowed to bank them into the next year or even to use them for a reservation more than 60 days in advance - if they treat them like other transferred points where they assume the home resort and Use Year of the account into which they were transferred that might be another way to extend the use of "distressed" points.

The member I transferred them to can make the reservation now, they don't have to wait for the "60 day" or less time frame. They assume the owner's "Use Year" for reservation purposes. I didn't ask MS if those transfered points can be banked because this member wanted to make a reservation for late April.

 

[CarolMN]

You have to wonder why DVC even has the "holding account" if you can get around the restrictions just by transferring the points to someone else?

I think the CM who did the transfer was not following policy and made a mistake in the OP's favor. Seems like another case where the computer system is not capable of enforcing the rules.


Best wishes -

 

[Dean]

You have to wonder why DVC even has the "holding account" if you can get around the restrictions just by transferring the points to someone else?

I think the CM who did the transfer was not following policy and made a mistake in the OP's favor. Seems like another case where the computer system is not capable of enforcing the rules.


Best wishes -

Seems one of the benefits of owning multiple contractsw that are not linked, at least for now. In this case MS didn't allow anything extra. There is nothing in the rules that would prevent current use year holding points from being transferred. The other part of the problem is that DVC hasn't come up with a way to track transferred points and I doubt they will.

 

[CarolMN]

Seems one of the benefits of owning multiple contractsw that are not linked, at least for now. In this case MS didn't allow anything extra. There is nothing in the rules that would prevent current use year holding points from being transferred. The other part of the problem is that DVC hasn't come up with a way to track transferred points and I doubt they will.

I disagree that MS didn't allow anything extra. The recipient was allowed to use the transferred holding account points to make a late April reservation. Late April is more than 60 days from now. So the restrictions on holding account points "disappeared" once they hit the recipient's account.

I don't have a problem with transferring holding points, but I do have a problem if the restrictions/rules aren't transferred with them. I agree that DVC is not currently capable of properly tracking transferred points of any kind. I don't think DVC will be motivated to change unless so many people take advantage of the system's "loopholes" that it causes them legal problems.

Best wishes -

 

[Dean]

I disagree that MS didn't allow anything extra. The recipient was allowed to use the transferred holding account points to make a late April reservation. Late April is more than 60 days from now. So the restrictions on holding account points "disappeared" once they hit the recipient's account.

I don't have a problem with transferring holding points, but I do have a problem if the restrictions/rules aren't transferred with them. I agree that DVC is not currently capable of properly tracking transferred points of any kind. I don't think DVC will be motivated to change unless so many people take advantage of the system's "loopholes" that it causes them legal problems.

Best wishes -

Carol, I think we agree, just saying things in a different way. In this case the issue is not with transferring but in tracking and handling ALL transferred points. Anyone familiar with the current transfer set up can easily use and abuse the system. You can take any old point and turn it in to a coveted resort for 11 month reservations. You can extend the life of many transferred points, not just holding account ones. And given the complexities of creating a computer system to handle this, I doubt we'll ever see it. All that could be done would be to eliminate transfer altogether which would require a vote of the members themselves.

 

[CarolMN]

Carol, I think we agree, just saying things in a different way. In this case the issue is not with transferring but in tracking and handling ALL transferred points. Anyone familiar with the current transfer set up can easily use and abuse the system. You can take any old point and turn it in to a coveted resort for 11 month reservations. You can extend the life of many transferred points, not just holding account ones. And given the complexities of creating a computer system to handle this, I doubt we'll ever see it. All that could be done would be to eliminate transfer altogether which would require a vote of the members themselves.

Since you say a vote is required to eliminate transfers altogether, I assume there is something in the POS that says so.

Do you think DVC could just add restrictions to transfers without requiring a vote of members? Perhaps only allow transfers between same resort & same use year? I know you aren't a lawyer, just wondering what your opinion is.

 

[Dean]

Since you say a vote is required to eliminate transfers altogether, I assume there is something in the POS that says so.

Do you think DVC could just add restrictions to transfers without requiring a vote of members? Perhaps only allow transfers between same resort & same use year? I know you aren't a lawyer, just wondering what your opinion is.

My opinion reading the POS and FL timeshare law is that for DVC to take away perks written into the POS would require a vote of the actual members themselves. I think it also requires a super majority vote ?60%. I forget the exact wording and I'm not at home this week, actually writing this form an OKW 1 BR I got through II as an exchange. But Disney is the proverbial 600# Gorilla so never say never.

I think one of the areas where many misuderstand, including many of DIS, is thinking Disney or DVC really cares about these issues. Many try to read too much into the POS, esp when it comes to the portions that DVC is required to add by FL law. The other is assuming that Disney wrote the rules with a warm and fussy approach. For example, when the POS says that One should not buy DVC with the intent of renting for a profit, this is required to be included by state law and stems from the practice of timeshare sales people selling and telling you that you can rent what you buy for a major profit. Unlike what many would like to believe, it is not a proclamation against renting and could not be successfully used to defend any limitation of renting.