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Most Recent Articles

Westgate Resorts

Westgate Resorts Completes Securitization of Timeshare Loans — ORLANDO, Fla., March 10, 2015 /PRNewswire/ —

ORLANDO, Fla., March 10, 2015 /PRNewswire/ — Westgate Resorts has announced the completion of a securitization of a pool of$175 million of timeshare loans contributed on February 26, 2015, to Westgate Resorts 2015-1 LLC (the “Issuer”). In connection with the securitization, fifteen (15) investors purchased$158.3 million of notes (the “Notes”) from the Issuer.  The Notes were offered in a private placement within the United States to qualified institutional buyers pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended.

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Gavel and Cash

Wyndham Vacation Ownership agrees to $665,000 settlement with consumers

State officials and Wyndham Vacation Ownership, Inc. have reached a settlement to resolve complaints related to timeshare sales in Wisconsin. The settlement includes more than $665,000 in restitution to 29 consumers who purchased timeshare contracts between 2008 and 2013, the Department of Agriculture, Trade and Consumer Protection said Thursday.

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