Making Sure Banked Points are Valid

[xoxoallieann]

In late December I made an offer on a 50 point AUL contract with 50 banked points from 2025 according to the listing. Working on signing the contract now and I'm not sure if those 50 banked points should be noted in the contract. I can't seem to find them in the document. Has anyone purchased a contract with banked points before and if so, how was that notated in the contract? Thanks!

 

[intamin]

In late December I made an offer on a 50 point AUL contract with 50 banked points from 2025 according to the listing. Working on signing the contract now and I'm not sure if those 50 banked points should be noted in the contract. I can't seem to find them in the document. Has anyone purchased a contract with banked points before and if so, how was that notated in the contract? Thanks!

It should be documented when delineating the number of points in the current year. It should also say how much money you're owed per point if for whatever reason the contract is missing points. If you're uncertain if there are actually points there you could try to ask for a screenshot of the dashboard.

For mine, I was under the impression that my contract was going to come with like 81 current year points but it ended up being 66 and 15 previously banked points. Since I was unsure if I was going to travel within that use year, I asked to be reimbursed for those 15 points and our agreed upon rate in the contract was 20 dollars per point so I ended up getting 300 back.

 

[Wedgeout]

In late December I made an offer on a 50 point AUL contract with 50 banked points from 2025 according to the listing

Sorry, I’m slightly confused here. You were in the Dec UY when made the offer. You are still in the Dec UY currently. That 2025 UY lasts nearly all of 2026.

When say “banked points from 2025”. The points could only end up in the 2026 UY. (Are there 100 now in that UY?)

Would assume the contract would list points available per UY, before you sign.

 

[VGCgroupie]

Yes they will be detailed in the contract. Different brokers have different contracts but it should be there somewhere. Dont sign if you don’t see them.

What broker?

 

[xoxoallieann]

Sorry, I’m slightly confused here. You were in the Dec UY when made the offer. You are still in the Dec UY currently. That 2025 UY lasts nearly all of 2026.

When say “banked points from 2025”. The points could only end up in the 2026 UY. (Are there 100 now in that UY?)

Would assume the contract would list points available per UY, before you sign.

Sorry, I should have clarified. It's a March UY, so the points from 2025 would have to be banked at the end of October to roll over into the 2026 UY. I made the offer in December, but it was a March UY contract.

 

[xoxoallieann]

Yes they will be detailed in the contract. Different brokers have different contracts but it should be there somewhere. Dont sign if you don’t see them.

What broker?

First American.

 

[Wedgeout]

Sorry, I should have clarified. It's a March UY, so the points from 2025 would have to be banked at the end of October to roll over into the 2026 UY. I made the offer in December, but it was a March UY contract.

Ahh..ok. Yes.

 

[VGCgroupie]

First American.

I have bought from them many times, all with banked points. Give me a couple minutes and I will show you where they will be notated.

 

[xoxoallieann]

First American.

 

[VGCgroupie]

Also are you looking at initial contract not closing docs right?

 

[sndral]

March is currently in its’ 2025 use year, however since that use year will likely end before you can use any points still in that use year (use year ends 2/28/26) any points still in 2025 are likely useless to you at this point.
If the sellers realized this & banked those points before October 31, 2025, then their dashboard should show 100 points available for use in 2026 (3/1/26 - 2/28/27) w/ 50 of them being banked from 2025 + 50 current 2026 use year points.

 

[VGCgroupie]

Page 1 of the Fidelity purchase contract not closing docs.

 

[VGCgroupie]

Wait.... I did it again I got First American mixed with Fidelity. So you are looking at closing docs not your contract. Your purchase contract has the points shown correct?

 

[VGCgroupie]

Closing docs do not show banked points with First American, only the amount of points being purchased.

 

[eticketplease]

First American.

Isn't that the title company? I didn't know they were a broker too?

 

[xoxoallieann]

Closing docs do not show banked points with First American, only the amount of points being purchased.

Ok, yes, It's First American. So is there any way to verify that they did indeed bank the 50 points and I will have them available once the purchase is finalized? (Also, the Fidelity docs are so much clearer than the First American!)

 

[VGCgroupie]

Isn't that the title company? I didn't know they were a broker too?

Yeah thats title only. I saw it and my mind immediately went to Fidelity. I think my brain is wired that way because growing up my mom worked at Fidelity National Title and First American Title.

 

[xoxoallieann]

Correct, DVC Resale is the broker and First American is the Title Company. I did reach out to the agent from DVC resale a few days ago, but never heard back.

Isn't that the title company? I didn't know they were a broker too?

 

[VGCgroupie]

Ok, yes, It's First American. So is there any way to verify that they did indeed bank the 50 points and I will have them available once the purchase is finalized? (Also, the Fidelity docs are so much clearer than the First American!)

You will have to ask the broker (not First American) to verify that the points were banked. If your initial contract says they were they should have already been verified.

 

[xoxoallieann]

Ok, just double checked the document from DVC resale and it does indeed state that there are 50 banked points. But I guess it's just not showing up in the closing documents from First American. Thank you all for the responses and I am now realizing I'm just a goofball.