question about point transfers

[jnrrt]

Could someone tell me how transfers of points are handled as opposed to just renting them? What are the rules for the renter and the rentee?

Thanks!

 

[CarolMN]

The only "rule" I can think of is that you may only transfer points in one direction per use year. In other words, if you transfer points to someone else, you cannot have points transfered to your account until the next use year.

Transferred points retain their original home resort and use year. (There is apparently a computer glitch that makes this difficult to track so until it's corrected, you may need to politely insist that MS honor the original status if it is important to the reservation you need to make. DVC is aware of the problem and is rumored to be working on a fix).

All "terms" of point transfers between members are negotiable and completely between the members. DVC will not get involved in any dispute. IIRC, rules prohibit transfer for $$ (but obviously, members do it anyway) - probably to keep DVC from having to get involved.

Best wishes -

 

[drusba]

The logistics for transfering are just that one member who is transfering needs to call MS and make the transfer and to do that you need the other member's DVC membership number.

The rule for transfering is that you can transfer out as many times as you want in any given use year or transfer in as many times as you want during any given use year, but you cannot both transfer out and transfer in during a use year.

Your official documents prohibit you from receiving compensation for a transfer of points. However, that is a limited prohibition. One thing they want to prevent is MS, which actually does the transfer, from being entangled in any dispute over a transfer. Also, points are legally deemed to have no value -- they instead are deemed to simply represent your legal interest that you own in the property which does have value -- and thus the no compensation rule is designed to prevent someone from later claiming that points themselves have legal value. The no compensation rule does not prevent you from entering into an agreement to lease your interest in the property for money and then completing that transaction by a transfer of points -- in which case, legally, the points themselves are not being transfered for a value attached to them. Of course, most people who transfer for money do not consider those nuances when doing so but DVC does not really do anything to prevent the transfer -- the no compensation rule is one it can rely on if it ever gets dragged into a dispute between members over a transfer and unless it faces being involved in such a dispute, it really does not care how members go about agreeing on a transfer.

All the possible legal issues of a transfer are easily avoided by simply renting via your setting up the reservation for the guest using your points, which is not considered a transfer of points at all.