Weeks® Points®
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POINTS® WEEKS® 2020 - 2021 Disclosure Guide This publication contains information that indicates resorts participating in, and explains the terms, conditions, and use of, the RCI Points Exchange Program and the RCI Weeks Exchange Program operated by RCI, LLC. You are urged to read it carefully. 0541-2020 RCI 2020-2021 Annual Disclosure Guide Covers.indd 15 5/15/20 12:34 PM This publication contains Disclosure Guides for the RCI Points® Exchange Program and the RCI® Weeks Exchange Program, since membership in the RCI Points Exchange Program includes access to the RCI Weeks Exchange Program. The Disclosure Guide to the RCI Points Exchange Program is set forth in Part A of this publication. The Disclosure Guide to the RCI Weeks Exchange Program is set forth in Part B of this publication. Part A Disclosure Guide To The ® RCI Points Exchange Program DISCLOSURE GUIDE TO THE RCI POINTS EXCHANGE PROGRAM Joseph M. Hollingshead Senior Vice President and Treasurer This Disclosure Guide to the RCI Points Exchange 6277 Sea Harbor Drive, Orlando, FL 32821 Program (“Disclosure Guide”) explains the RCI Points Exchange Program offered to Vacation Owners by Amy Sinelli RCI, LLC (“RCI”). Vacation Owners should carefully Senior Vice President, Manager, and Secretary review this information to ensure full understanding 6277 Sea Harbor Drive, Orlando, FL 32821 of the terms, conditions, operation and use of the RCI Points Exchange Program. Note: Unless otherwise Gary Green stated herein, capitalized terms in this Disclosure Senior Vice President Guide have the same meaning as those in the Terms 6277 Sea Harbor Drive, Orlando, FL 32821 and Conditions of RCI Points Subscribing Membership, which are made a part of this document. Stacey Jagielski Assistant Secretary RCI is the owner and operator of the RCI Points 6277 Sea Harbor Drive, Orlando, FL 32821 Exchange Program. No government agency has approved the merits of this exchange program. Stanley Kreydin Senior Vice President RCI is a Delaware limited liability company (registered 9998 North Michigan Road, Carmel, IN 46032 as Resort Condominiums International, LLC in Connecticut, New Jersey, North Carolina, Ohio, and Ryan Morettini Wisconsin) with its principal offices located at: Group Vice President 6277 Sea Harbor Drive, Orlando, FL 32821 6277 Sea Harbor Drive Orlando, FL 32821 Terry D. Motsenbocker Senior Vice President Exchanges through the RCI Points Exchange Program 9998 North Michigan Road, Carmel, IN 46032 are processed at: Richard G. Ruff 9998 North Michigan Road Senior Vice President Carmel, IN 46032 9998 North Michigan Road, Carmel, IN 46032 RCI is a subsidiary of Wyndham Destinations, Inc., a Frank Sassano Delaware corporation. Vice President and Assistant Treasurer 14 Sylvan Way, Parsippany, NJ 07054 Officers Ciara E. Sisk Sherri Avara Senior Vice President Vice President 14 Sylvan Way, Parsippany, NJ 07054 6277 Sea Harbor Drive, Orlando, FL 32821 Michael J. Toscano Olivier Chavy Senior Vice President, Chief Financial Officer, and President Manager 6277 Sea Harbor Drive, Orlando, FL 32821 14 Sylvan Way, Parsippany, NJ 07054 Fiona G. Downing RCI provides the RCI Points Exchange Program and Senior Vice President other related services and benefits to Members. 14 Sylvan Way, Parsippany, NJ 07054 Wyndham Destinations, Inc. (“Wyndham Destinations”) is the parent corporation of RCI and Elizabeth Dreyer Fairfield Resort Management Services, Inc. Senior Vice President, Chief Accounting Officer, and (“FRMS”), a resort management company, Manager Wyndham Vacation Resorts, Inc. (“WVR”), 6277 Sea Harbor Drive, Orlando, FL 32821 Wyndham Resort Development Corporation doing business as WorldMark by Wyndham (“WRDC”), Brian Gray Equivest Finance, Inc. (“Equivest”), and Wyndham Vice President Vacation Rentals North America, LLC (“WVRNA”) 6277 Sea Harbor Drive, Orlando, FL 32821 and their respective subsidiaries. Some officers and/or directors of Wyndham Destinations may Christopher Collins from time to time serve as officers and/or directors Vice President of RCI, FRMS, WVR, WRDC, Equivest, and/or 6277 Sea Harbor Drive, Orlando, FL 32821 P1 WVRNA and vice versa. FRMS, WVR, WRDC, developer or seller to purchase Vacation Ownership or Equivest and WVRNA resorts are marked with a to occupy or use Vacation Time or other property, plus symbol “+” if applicable in the Resort List, benefits or All-Inclusive Packages. The Network and Members List both of which are attached provides an opportunity to request exchanges hereto. Certain officers and directors of RCI may pursuant to Network Documents and does not provide own, or have rights to acquire, shares of stock in a right to occupy any specific unit or units of Inventory. Wyndham Destinations. Other than as stated in this paragraph, neither RCI nor any of its officers The deposit of Vacation Time and availability of RCI or directors has any legal or beneficial interest in Points to a Member does not relieve a Member’s any developer, seller, managing entity or Vacation obligation to pay all fees or other amounts due RCI, or Ownership plan participating in the RCI Points the obligation to pay any maintenance fees, Exchange Program. RCI is an independent assessments, taxes or other similar charges or fees exchange service company and is not owned, imposed by any applicable local, state or federal operated or controlled by any Resort, developer, government entity (or its equivalent if the Resort is seller, managing entity or Vacation Ownership plan located in a foreign country) or imposed by a Resort, participating in the RCI Points Exchange Program. Inventory provider or Points Partner. Network privileges may be suspended, terminated or Because vacation exchange is used intermittently as denied, or a Confirmed Exchanged cancelled, in an adjunct to Vacation Ownership, potential Vacation the Network Administrator’s sole discretion, if a Owners should select a Resort that best meets their Member’s Vacation Ownership Expenses or other ongoing vacation needs. A Member’s decision to charges have not been paid when due. Special purchase Vacation Ownership should be based charges, user fees or government taxes may be primarily upon the benefits to be gained from the charged to a Member or guest by an Inventory ownership, use and enjoyment of the Vacation provider or by Points Partner and it is the Ownership and not upon the anticipated benefits Member’s or guest’s obligation, not RCI’s to pay of the RCI Points Exchange Program. RCI does not those charges, fees, or taxes regardless of guarantee the availability of any accommodations whether such charges, fees or taxes are levied by or ancillary benefits, including, without limitation the Member’s Home Resort or Home Group. Points Partner options and is not responsible for the financial viability or the quality of RCI may offer additional benefits to Members, which accommodations, facilities, amenities, may be subject to separate terms and conditions, in management and services at any Resort, Inventory exchange for Deposited Vacation Time. RCI may provider or Points Partner. change, limit, or eliminate the availability of such additional benefits, in RCI’s sole discretion. RCI does PARTICIPATION IN THE NETWORK. Participation in not guarantee that any additional benefit will be made the Network is voluntary. The rights of membership available to Members, or, if made available, will remain and term of such memberships may vary among available for any period of time. RCI reserves the right Members and RCI may waive certain requirements, in to impose limits on Members’ use of additional its sole discretion. Membership in the Network may be benefits, including the number of Points that can be offered for varying lengths of time. Subscribing applied towards additional benefits. All Members may membership in the RCI Points Exchange Program not have access to all benefits. includes access to the RCI Weeks Exchange Program. NETWORK PROCEDURES AND OBLIGATIONS. The terms and conditions of a Member’s contractual By executing a Network Participation Agreement, the relationship with the Network and the procedures for RCI Points Subscribing Member agrees that each utilizing the Network are set forth in the Network Deposit into the Network, all rights of use, occupancy, Documents. access and enjoyment in respect to his or her Vacation Time is granted to the Network Administrator. The THE CONTENTS OF THIS DISCLOSURE GUIDE Member retains title to his or her Vacation Ownership, AND ALL OTHER NETWORK DOCUMENTS, subject to this Deposit. The Deposit is for the benefit, INCLUDING THE TERMS AND CONDITIONS OF use and enjoyment of the Network Administrator in RCI POINTS SUBSCRIBING MEMBERSHIP AND accordance with the Network Documents. Deposits ANY PROVISION IN ANY DOCUMENT RELATED shall occur for the term of the Member’s Network TO, FEES, BENEFITS, PROCEDURES AND Participation Agreement, subject to the Network PRIORITIES. ARE SUBJECT TO MODIFICATION, Documents. AMENDMENT, OR ELIMINATION BY THE NETWORK ADMINISTRATOR WITHOUT ADVANCE The Network Participation Agreement between the NOTICE IN ACCORDANCE WITH THE NOTICE Member and the Network Administrator is a separate PROVISION OF THE TERMS AND CONDITIONS. and distinct agreement from any agreement that the Member may have with the developer or seller of a SUBSCRIBING MEMBERSHIP AND TRANSACTION vacation plan, including any agreement with the FEES. Network Dues are payable to the Network P2 Administrator by or on behalf of a Member each Use RCI Points Partner Inventory Reservation: Year. The Network Dues as of January 1, 2020 are: Fees vary by product type. 1 year: $124 USD Guest Certificate: $89 USD 2 years: $229 USD Points Transfer Per Use Year: First Points Transfer Per Use Year: No 3 years: $321 USD Transaction fee Additional Points Transfers in that same 4 years: $409 USD Use Year: $98 USD 5 years: $499 USD Point Borrowing: No Transaction fee When a Member makes a Transaction, a Transaction Points Rental: $0.03 USD per point fee may be charged. Transactions include but are not limited to making a Confirmed Exchange, saving RCI Points for Deposit: $49 USD per use Points, or making a Confirmed Exchange through the Weeks Program.