Original Message:
Re: Diamond Resorts -- surrendering a contract??? (by Sheri K.):
charless345 wrote:If you don't have a loan and don't pay your maintenance fees, they will take away your points. Poof! Look in your rule books. I know this to be true.And they don't ask for $250.00 either.
I am copying and pasting the DRI rule book on the subject of suspensions and terminations.
What are the procedures for suspension or termination of membership? 18.1 Suspension Suspension is the temporary withdrawal of membership rights, such as the right to make reservations or use the features and/or benefits of THE Club®. The Club Operating Company will notify the member of its decision to suspend or reinstate a membership by an appropriate communication method. There are a number of reasons why a membership may be suspended and may include, but are not limited to, any one or a combination of the following: v Conduct unbecoming a member of THE Club®. v Breach of the rules and regulations of THE Club®, including untimely or non-payment of dues, late penalty charges and any other charges that may be levied by the Club Operating Company together with the untimely or non-payment of a loan or finance arrangement. v Unavailability of the week/accommodation which has been assigned by a member to THE Club®, if applicable. v Unacceptable transfer or renting of accommodation choices for commercial purposes. During suspension a member cannot make new reservations and any reservations currently confirmed are subject to cancellation. New annual points allocations will not be allocated to a member during a suspension. If membership is suspended for non-payment of dues for THE Club®, late penalty charges will continue to accrue until payment of all money due is made in full. 18.2 Termination Members may have their membership terminated if they elect to withdraw their original fixed or floating week assigned to THE Club® or it becomes unavailable for use by members of THE Club®. Termination may also be the ultimate action taken against a member who has been suspended in circumstances where the member fails to refrain from inappropriate conduct or to remedy the breach following suspension. Termination will only occur 30 days after the written notification of the proposed termination has been sent to the member. Termination of a membership is deemed as the complete withdrawal of membership rights on a permanent basis.