Cancelling borrowed points.

[peezee]

What are the rules for making a reservation with borrowed points, and then cancelling?

I believe the point borrowed stay in that use year, is this correct? What is the minimun amount of lead time needed to cancel,so as not to lose any points?

 

[disneynutz]

You must cancel 31 days prior to check in or the points go into holding. Points not used by the end of your UY are forfeited.

Bill

 

[DenLo]

I believe the point borrowed stay in that use year, is this correct?

That is correct. Borrowed points cannot return to the original UY.

And here's more information on cancellations in less than 30 days and Holding Points, from the Home Resort Rules and Regs:

If a Club Member cancels a confirmed reservation thirty (30) or fewer days before arrival, the Home Resort Vacation Points used to make that reservation are placed in a Holding Account. If a reservation is changed thirty (30) or fewer days before arrival and the revised reservation uses fewer Home Resort Vacation Points than the original reservation, the remaining Home Resort Vacation Points are placed in a Holding Account.

All of the Vacation Points applied to a reservation are considered used starting on the reservation arrival date. If a Club Member cancels a confirmed reservation on the date of arrival, the Club Member is not entitled to a refund of the Vacation Points or any portion thereof.

Holding Account Vacation Points. If a confirmed reservation is canceled thirty (30) days or less before the arrival date, the Home Resort Vacation Points used to make that reservation are placed into a Holding Account. "Holding Account Vacation Points" are subject to the following restrictions:

1) Holding Account Vacation Points can only be used to book reservations within sixty (60) days of check in.

2) Holding Account Vacation Points must be used for reservations during their Use Year. Any Holding Account Vacation Points remaining in the Holding Account at the end of the Use Year will expire.

3) Holding Account Vacation Points cannot be Banked.

4) Holding Account Vacation Points used to reserve and stay during the last 60 days of a Use Year may be used for reservations at any DVC Resort.