For those upset about the 50% borrowing rule

[drusba]

Interesting. Now I'm curious if resale holders have voting rights, or is this just for original contract holders, too.

When an actual vote of the members is required, all would participate, including resale owners. Many believe DVD can just change the POS in any way it wants as a result of provisions under which member/purchasers assign their right to vote on things to DVD. However, DVD's right to make changes without a member vote is limited to changes that do not have a "material" impact on the rights of the members. Example: when it changed the timing for when all points could be banked from six months to eight months and did away with the lower banking rights at nine and ten months, that was considered an immaterial change (and one considered more beneficial to members than the old rule). If it instead had just done away with banking entirely, that would have been a material change requiring the vote of the members.

 

[DizzyKnee]

This is an interesting topic as the timing for me is perfect. I'm going back and forth on whether to buy DVC or not. So, if I buy an August Contract at BLT that has 84 Points Now, 200 Points for 21, and 200 points for 22...how can I use those points? Let's just say I want to book a 2 Bedroom at BLT for the week of Christmas. It appears as if that week would use 484 points. Could I bank the 2020 points, use ALL of my 2021 points and borrow ALL of my 2022 points to make this happen?

 

[npatellye]

This is an interesting topic as the timing for me is perfect. I'm going back and forth on whether to buy DVC or not. So, if I buy an August Contract at BLT that has 84 Points Now, 200 Points for 21, and 200 points for 22...how can I use those points? Let's just say I want to book a 2 Bedroom at BLT for the week of Christmas. It appears as if that week would use 484 points. Could I bank the 2020 points, use ALL of my 2021 points and borrow ALL of my 2022 points to make this happen?

You cannot borrow all of the 2022 points. Borrowing is currently capped at 50%, which means you could only borrow 100 points from 2022.

You could have up to 384 points for that hypothetical reservation. That’s assuming the 84 can be banked.

 

[Marionnette]

This is an interesting topic as the timing for me is perfect. I'm going back and forth on whether to buy DVC or not. So, if I buy an August Contract at BLT that has 84 Points Now, 200 Points for 21, and 200 points for 22...how can I use those points? Let's just say I want to book a 2 Bedroom at BLT for the week of Christmas. It appears as if that week would use 484 points. Could I bank the 2020 points, use ALL of my 2021 points and borrow ALL of my 2022 points to make this happen?

Of those 84 points that the contract has now, how many are current and how many have been banked from 2019 into the 2020 UY?

Those 84 points, if they are all from the current allotment, need to be banked before March 31 if you want them for a December 2021 trip or else they expire July 31, 2021. If those were my plans, I would have the current owner do the banking before the contract is sent for ROFR.

And then. assuming that the current restriction on borrowing remains in place, you're going to come up short by 100 points for that Christmas trip.

 

[Sandisw]

Of those 84 points that the contract has now, how many are current and how many have been banked from 2019 into the 2020 UY?

Those 84 points, if they are all from the current allotment, need to be banked before April 30 if you want them for a December 2021 trip or else they expire July 31, 2020. If those were my plans, I would have the current owner do the banking before the contract is sent for ROFR.

And then. assuming that the current restriction on borrowing remains in place, you're going to come up short by 100 points for that Christmas trip.

Banking deadline for August UY in March 31st!

 

[Marionnette]

Banking deadline for August UY in March 31st!

Well, duh! My brain was functioning at a fraction of its normal capacity this AM. All the better reason to stipulate that any current points must be banked prior to sending for ROFR when making an offer on the contract!

 

[4luv2cdisney]

This is an interesting topic as the timing for me is perfect. I'm going back and forth on whether to buy DVC or not. So, if I buy an August Contract at BLT that has 84 Points Now, 200 Points for 21, and 200 points for 22...how can I use those points? Let's just say I want to book a 2 Bedroom at BLT for the week of Christmas. It appears as if that week would use 484 points. Could I bank the 2020 points, use ALL of my 2021 points and borrow ALL of my 2022 points to make this happen?

In addition to being 100 points short, I wouldn't bet on getting those dates by the time you close.

 

[DisneyStarWisher]

Of those 84 points that the contract has now, how many are current and how many have been banked from 2019 into the 2020 UY?

Those 84 points, if they are all from the current allotment, need to be banked before April 30 if you want them for a December 2021 trip or else they expire July 31, 2020. If those were my plans, I would have the current owner do the banking before the contract is sent for ROFR.

And then. assuming that the current restriction on borrowing remains in place, you're going to come up short by 100 points for that Christmas trip.

Don't you mean July 31, 2021?

 

[Marionnette]

Don't you mean July 31, 2021?

Yes. @Sandisw already pointed out that I goofed on the banking deadline. My brain wasn't functioning on full capacity this morning. Post corrected.