Centralized Timeshare Centralized Timeshare Registry: Registry: A New Way to Speed A New Way to Speed Your Resort to MarketYour Resort to Market

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AgendaAgenda

BackgroundBenefits

– Regulators– Industry– Consumers

DemonstrationCosts/MaintenanceTimingNext Steps

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BackgroundBackground

What is the Timeshare Registry?– One centralized database of all project

information– Accessed by Regulators and Industry

Why do we need a Timeshare Registry?– Reduces Redundancy

• Industry submits 90% of same information in 50 or more different ways

– Increases uniformity and speed of the submission/approval process

– Preserves unique state requirements, including state specific forms and fees

Benefits to the Benefits to the RegulatorsRegulators

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Benefits to the RegulatorsBenefits to the Regulators

Allows Focus on What Matters– Time is spent on review and approval vs

populating a database or organizing hardcopy files

Renewals– Automated e-mailings/notifications

Real-Time, Web-based Access – All information will be virtually available 24/7

Disaster Recovery/Business Continuity– Filings are secured in database vs hardcopy

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Benefits to the RegulatorsBenefits to the Regulators

Virtual Collaboration with Industry– Avoids time-consuming standard mail and fax– Regulators can have more timely communication with

the industry through the Registry

Storage Options– Hard copy– Computer– CDROM– Any other electronic storage device

At-A-Glance Features– Instantly shows historical and most

current filing

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Benefits to the RegulatorsBenefits to the Regulators

Training Assistance – Self-guiding tutorial for new regulatory staff as well

as for new industry reps

Monitor Registration Status in Other Jurisdictions – Important if basing abbreviated approval on full-

registration in other jurisdictions

Breaks Through the Clutter– Avoids misplaced documents and space

consuming files

Platform for Standardized Registrations

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Benefits to the RegulatorsBenefits to the Regulators

Saves Money and Time

• Avoids costs of maintaining in-house or state-hosted information management system for registrations

• Avoids maintenance of equipment, application software and database expertise

BEST NEWS OF ALL!

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Benefits to the Industry

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Benefits to the IndustryBenefits to the IndustryFaster Turnaround

– Submissions– Approvals

Quicker Time to Market

Reduced Submission Redundancy

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Benefits to the IndustryBenefits to the IndustryReduced Calls

– Receipt of Filings– Registration Status– Approvals

Shared Information– Conversations can be done looking at same information

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Benefits to the Consumer

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Benefits to the ConsumerBenefits to the Consumer

24/7 Online Accessibility– Review Public Reports– Avoid phone calls to Regulators and

Developers– Aid in researching timeshare purchase

• Compare information among resorts

DemonstrationDemonstration

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Costs/MaintenanceCosts/Maintenance

Full Cost Borne by Industry

ARELLO Will Serve as a Consultant for Updates and Maintenance

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TimingTiming

Currently in Design Stage– Completion: December 2006

Development– Completion: June 2007

Testing– Target Date: July – December 2007

Phased Rollout– Target Date: January 2008

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Next StepsNext StepsContinue to Develop Registry Continue To Seek Input From Regulators/IndustryContinue To Seek State Participation

– States Expressing Interest• Alabama, Arkansas, Louisiana, Nebraska, North Carolina, and Texas