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Original Message:
Re: point rental liquidators (by Theodore D.):
Just heard from the Texas Real Estate Commission. SHR has been placed on probation for 4 years and must pay $10,000 to the Texas Real Estate Commission within the period. Failure to comply will cause suspension of timeshare registration, until full payment is made. The letter sent to me also reviewed the illegal operation of SHR during the time it was connected with R&R and Robert Russell. Interestingly enough the review was almost word for word of my complaint to the Commission. The letter also says that around 1,800 SSH timeshares were sold and that the commission received 22 complaints (I do not understand why the commission did not receive close to 1,800). SHR has also "either fully repurchased or entered into a formal payment plan to repurchase" such timeshares from all requesting it. I assume that the commission letter can be ob- tained from the commission by referencing Hearing No. 131134.
Closing, both my attorney and I felt that RCI's hands were not clean in this business, not withstanding its claims to the cont- rary. Recently it sent me a new RCI credit card, which I tore up, and which I noted was no longer with BOA. We were applying pressure on it, but stopped after SHR requested settlement.