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kevin631: thanks for the reference . Seems not a lot of owners read the Redweek update on AG AOD, therefore I am just reposting a section from Jeff"s report and believe he is wright in regard that we'll see new litigations against the club in the near future / dear nathanz2 and johnv559 PLZ DO NOT respond to my posts/. ******************************************************************************************* Findings in AG's Case Could Trigger Additional Litigation While giving some money back to owners, the case could spawn additional lawsuits against the club, according to lawyers interviewed by RedWeek. The AOD, they said, includes specific admissions of wrongdoing that could become evidence in future lawsuits. Here is an example of the stipulated findings in the AOD: the court document says that "certain sales staff" sold timeshare intervals without providing a copy of the offering plan to prospective buyers. Other sales people, meanwhile, made misleading oral statements to buyers about the rescission period, the investment value of TMC timeshares and the club's "willingness to buy back the timeshare interest at the price paid by the purchaser." The AOD settlement identified several violations of New York's anti-fraud Martin Act, including these findings: 1. The sponsor's sales staff failed to provide copies of the offering plan to purchasers. 2. The club's reservation agents did not abide by the terms of the offering plan, did not always provide reservations to owners on a first-come basis and gave preferential treatment to certain owners through a new-owner hotline. 3. In annual budgets, the sponsors under-reported reserves for bad debts (defaults on maintenance fees). LIES AGAIN !In 2011, the reserve for bad debts was $600,000, while the actual bad debt exceeded $2.09 million. In 2012, the budgeted reserve was $900,000 while the bad debt expense rose to nearly $3.95 million. In 2013, the bad debt reserve was $1 million while the actual debt was $5.17 million. And in 2014, the reserve for bad debts was $1 million while the actual bad debt ballooned to $5.27 million. 3.The court settlement also says that the sponsor implemented aspects of the transient rental program "in an improper manner," but provides no specifics. To read more go to https://www.redweek.com/resources/ask-redweek#msg-87600