RCI 2007-2008 Disclosure Guide

We just received a book titled 2007-2008 Disclosure Guide from RCI. I have never seen this before and have been members of RCI since 1993. However, we did just trade our ownership in Florida for ownership in Mexico. So, they set us up with a new RCI account.

This book looks a little like a financial report. The front part lists lots of leagalese and exchange rules and charges. Then it has listings of resorts broken down into these categories: I've listed one of the resorts in each category.

Resorts with 0 units (Deadwood Mountain Resort @Lead, SD)
Resorts with 1-5 units (Alpine Ridge in Steamboat Springs)
Resorts with 6-10 units (Aspen Townhomes, Red Lodge, MT)
Resorts with 11-20 units (Adriatic Villa, Palm Springs)
Resorts with 21-50 units (4 Seasons at Beech, Beech Mtn, NC)
Resorts with over 51 units (Beaver Run Resort, Breckenridge, CO)

Then it has listings of resorts based on number of members: 1-100, 101-249, 250-499, 500-999 and over 1000.

What is the purpose of breaking down the resorts as shown above and does if affect exchanging? If so, in what way?

The back part has this:
Combined Statement of Key Operating
Statistics for the RCI weeks Exchange
Program as of and for the Year
Ended December 31, 2006 and
Independent Accountants' Report.

Does anyone know what this publication is and why it's published?

Thanks,
Nancy

You have received a hard copy of one of the RCI disclosure guides, probably since they just set you up with a new account. You probably received one back in 1993 when they first set you up with an account, but just don't remember it. I know that I received one back in 1989 when I first joined RCI.

Up-to-date guides, one for weeks members and one for points members, are available on the RCI web site, and the "Terms and Conditions of Membership" are a part of these guides. Since the most recent version of the "Terms and Conditions of Membership" applies to our accounts, it is best to check with the online guide if a question arises, since they do not bother to notify us when the "Terms and Conditions of Membership" are changed. However, you did agree when you joined RCI that you would abide by the "Terms and Conditions of Membership" regardless of any changes they might make.

The online versions of these guides are at:

http://www.rci.com/CDA/Common/Documents/DisclosureGuideWeeks.pdf

http://www.rci.com/CDA/Common/Documents/DisclosureGuidePoints.pdf

Yeah, it doesn't hurt to watch those changes. They slipped the rentals to the public provision into those T&C on the sly with no publicity. RCI is run by some devious devils who care nothing about their dues paying members.

The disclosure guide is useful in assessing the supply end of things in trying to figure out supply and demand, the main components of trading power.

Thanks for the info. I've never had a real problem making trades so never worried about the worthiness of my deposit. I'm learning lots of interesting things on bbs.

Nancy

The Disclosure Guide must comply with state statutes

The statistics are published to comply with state statutes regarding timeshare exchange programs. One model statute is from Florida and they require the delineation of resort categories exactly as you list in your initial post.

The relevant section of the statute is here.

The statute requires that the exchange company must disclose:

The number of the timeshare units in each timeshare plan which are available for occupancy and which qualify for participation in the exchange program, expressed within the following numerical groupings: 1-5; 6-10; 11-20; 21-50; and 51 and over.

(o) The number of currently enrolled purchasers for each timeshare plan participating in the exchange program, expressed within the following numerical groupings: 1-100; 101-249; 250-499; 500-999; and 1,000 and over; and a statement of the criteria used to determine those purchasers who are currently enrolled with the exchange program.

(p) The disposition made by the exchange company of timeshare periods deposited with the exchange program by purchasers enrolled in the exchange program and not used by the exchange company in effecting exchanges.

(q) The following information, which shall be independently audited by a certified public accountant or accounting firm in accordance with the standards of the Accounting Standards Board of the American Institute of Certified Public Accountants and reported annually:

RCI followed these rules in their Disclosure Guide.

page numbers?

Rather than scrolling through each page where exactly can I find the resort/unit listings?

Thanks!