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Re: Manhattan Club Lawsuit (by Irene P.):

This message is for all TS owners. We are Diamond owners. Nevada Senator Becky Harris introduced timeshare bill SB-195 this legislative session. Please write to the Senators listed below as they serve on the bill's committee. The Bill passed 100% in the Senate 2014 but stalled in committee after ARDA introduced language. It takes a lot of emails to get a bill passed. The bill focuses especially on the lack of secondary market, as well as HOA issues. It is SB-195 (BDR text attached). Action can be easily followed on the Nevada Legislature website - https://www.leg.state.nv.us/App/NELIS/REL/79th2017/Committee/173/BillStatus

The Nevada Legislature formally begin tomorrow.

Three important new TS disclosures would be required under the proposal. The first address new buyers in the hope of stopping, before it occurs, the bleeding. Two new provisions here. Both are designed to inform a purchase to “be aware” that the future value of a time-share is very uncertain. The first section language (NRS 119A.300, pg 40 in attached DBR) was introduced by Senator Harris last session. The second (NRS 119A.400, pg 49 in attached DBR) is (substantially) my proposal for a mortgage loan style disclosure. The later addresses the “limitations of the secondary market” and perpetual nature of the contract. Both touch on long over due conversations. I hope it will gain traction in other states if successful here. It also requires any “give-back” or other similar programs, now vague at best, often lacking specifics, typically promised in the sales presentation, be provided, if available, in plain language prior to contract execution (thus available upon request by current owners). Finally, the disclosure provides the buyer a list of documents he/she should have, review, and seek additional help to understand, before execution. The second provision terminates a developer’s reserved rights upon termination of developer control while giving the board, without requiring a full ownership vote, to terminate a management agreement. Last, but very important, the TS manger must report all fees, compensation, or other property the manager is entitle to receive for services. I intended this legislation require the manager disclosure the extent to which it siphons off revenue otherwise available to owners under the lucrative contracts they operate under.

ARDA has yet to list the bill on its website.

It is now time to begin a larger effort of support. The bill will go to the Senate Judiciary. Members of the committee are as follows:

Senator Tick Segerblom (Chair) Email- Tick.Segerblom@sen.state.nv.us 701 E. Bridger Ave. #520 Las Vegas, NV 89101-5554 702-388-9600 Senator Nicole Cannizzaro (Vice Chair) Email- Nicole.Cannizzaro@sen.state.nv.us 7901 Cocoa Beach Circle Las Vegas, NV 8912 Senator Arnold Ford Email- Aaron.Ford@sen.state.nv.us P.O. Box 96003 Las Vegas, NV 89193-6003 Senator Moises (Mo) Denis ( Email- Moises.Denis@sen.state.nv.us 3204 Osage Avenue Las Vegas, NV 89101-1838 702-657-6857\ Senator Michael Roberson Email- Michael.Roberson@sen.state.nv.us P.O. Box 530940 Henderson, NV 89053-0940 702-575-9112 Senator Donald (Don) Gustavson Email- Don.Gustavson@sen.state.nv.us P.O. Box 51601 Sparks, NV 89435-1601 775-722-1278

Take a look at what is being proposed. Time to look for a strong email, letter, and phone support campaign. It would be helpful if we can get some news/media coverage. Please help me get the word out and the support needed.