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Class Action Against Diamond Resorts? (by Irene P.):

Valerie Your Diamond contract has a clause that bans class actions - forcing the member to go to arbitration. There has been a billion dollar class action filed in the state of Nevada. The class is only for the US collection and the member had to be age 60 or older when the contract was signed. If you go to our DRI member sponsored Advocacy FB posted above you can request a copy of the 55 page complaint. A class action takes years and if you win there will be an appeal that would take at least another year. Most can't afford to hang on that long. The other problem with class actions is the complaints are not all the same like in a medical device case. You are not alone though. Our Advocacy FB has helped about 50 owners either resolve issues, obtain a hard fought refund or had loans cancelled if the agent committed deceit, concealment or "bait and switch", relinquish, or walk with the member through foreclosure helping to write letters to the credit reporting agencies if their credit score is otherwise unblemished.