# EDGAR Filing Document

**Accession Number:** 0001550052
**File Stem:** 0001193125-25-242052
**Filing Date:** 2025-10
**Character Count:** 19046
**Document Hash:** c98538f06ea8714cd003b262781561b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-242052.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0001193125-25-242052

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251017

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Holiday Inn Club Vacations Inc
- **CENTRAL INDEX KEY:** 0001550052

**ORGANIZATION NAME:**
- **EIN:** 531434701
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01117
- **FILM NUMBER:** 251399072

**BUSINESS ADDRESS:**
- **STREET 1:** 8505 W. IRLO BRONSON MEMORIAL HIGHWAY
- **CITY:** KISSIMMEE
- **STATE:** FL
- **ZIP:** 34747-5363
- **BUSINESS PHONE:** 407-239-5363

**MAIL ADDRESS:**
- **STREET 1:** 8505 W. IRLO BRONSON MEMORIAL HIGHWAY
- **CITY:** KISSIMMEE
- **STATE:** FL
- **ZIP:** 34747-5363

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orange Lake Country Club, Inc.
- **DATE OF NAME CHANGE:** 20120515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orange Lake County Club, Inc.
- **DATE OF NAME CHANGE:** 20120515
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Holiday Inn Club Vacations Inc
- **CENTRAL INDEX KEY:** 0001550052

**ORGANIZATION NAME:**
- **EIN:** 531434701
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 8505 W. IRLO BRONSON MEMORIAL HIGHWAY
- **CITY:** KISSIMMEE
- **STATE:** FL
- **ZIP:** 34747-5363
- **BUSINESS PHONE:** 407-239-5363

**MAIL ADDRESS:**
- **STREET 1:** 8505 W. IRLO BRONSON MEMORIAL HIGHWAY
- **CITY:** KISSIMMEE
- **STATE:** FL
- **ZIP:** 34747-5363

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orange Lake Country Club, Inc.
- **DATE OF NAME CHANGE:** 20120515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orange Lake County Club, Inc.
- **DATE OF NAME CHANGE:** 20120515
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Holiday Inn Club Vacations Inc
- **CENTRAL INDEX KEY:** 0001550052

**ORGANIZATION NAME:**
- **EIN:** 531434701
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01117

**BUSINESS ADDRESS:**
- **STREET 1:** 8505 W. IRLO BRONSON MEMORIAL HIGHWAY
- **CITY:** KISSIMMEE
- **STATE:** FL
- **ZIP:** 34747-5363
- **BUSINESS PHONE:** 407-239-5363

**MAIL ADDRESS:**
- **STREET 1:** 8505 W. IRLO BRONSON MEMORIAL HIGHWAY
- **CITY:** KISSIMMEE
- **STATE:** FL
- **ZIP:** 34747-5363

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orange Lake Country Club, Inc.
- **DATE OF NAME CHANGE:** 20120515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orange Lake County Club, Inc.
- **DATE OF NAME CHANGE:** 20120515

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period - to -** 

**Date of Report (Date of earliest event reported)** 

**Commission File Number of securitizer:** 

**Central Key Number of securitizer:** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing** 

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

**Central Index Key Number of securitizer: 0001550052** 

## HINNT 2025-B LLC
**(Exact name of issuing entity as specified in its charter)** 

**Central Index Key Number of issuing entity (if applicable): Not applicable** 

**Central Index Key Number of underwriter (if applicable): Not applicable** 

**Lesley Nau, Chief Accounting Officer (407) 395-6970** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing** 

------

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer** 

Attached as Exhibit 99.1 hereto is a Report of Independent Certified Public Accountants, dated October 16, 2025, obtained by the securitizer, with respect to certain agreed-upon procedures performed by Grant Thornton LLP.

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date October 17, 2025

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| | |
|:---|:---|
| Holiday Inn Club Vacations Incorporated (Securitizer) | Holiday Inn Club Vacations Incorporated (Securitizer) |
| By: | /s/ Lesley Nau |
|  | Name: Lesley Nau |
|  | Title: Chief Accounting Officer |

---

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | Report of Independent Certified Public Accountants, dated October 16, 2025 |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g67379g1016235159116.jpg)

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| | |
|:---|:---|
| **GRANT THORNTON LLP**<br>1301 International Parkway, Suite 200<br>Fort Lauderdale, FL 33323<br>**D** +1 954 768 9900<br>**F** +1 954 768 9908 | **REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS** |
|  | Board of Directors and Management of Holiday Inn Club Vacations Incorporated and Wilson Resort Finance, LLC, HINNT 2025-B LLC, BofA Securities Inc., Wells Fargo Securities, LLC, Truist Securities, Inc., J.P. Morgan Securities LLC, Citizens Capital Markets, Inc., and FHN Financial Securities Corp.:<br>We have performed the procedures enumerated below, on certain information with respect to attributes of Holiday Inn Club Vacations Incorporated and Wilson Resort Finance, LLC's (collectively, the "Company") timeshare loans as of August 31, 2025 (the "Subject Matter") related to HINNT 2025-B LLC's (the "Issuer") issuance of Timeshare Loan-Backed Notes, Series 2025-B (the "Securitization Transaction"). The Company is responsible for the Data File (as defined herein) accurately representing the information included in the underlying asset documents and the disclosed assumptions and methodologies.<br>The Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the Subject Matter. This report may not be suitable for any other purpose. Additionally, the Issuer, BofA Securities Inc., Wells Fargo Securities, LLC, Truist Securities, Inc., J.P. Morgan Securities LLC, Citizens Capital Markets, Inc., and FHN Financial Securities Corp. (collectively, and together with the Company, the "Specified Parties") have agreed to and acknowledged that the procedures performed are appropriate for their purposes. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.<br>Consequently, we make no representation regarding the appropriateness of the procedures enumerated below either for the purpose for which this report has been requested or for any other purpose.<br>The procedures we performed on the timeshare loans and our findings are as follows.<br>For the purposes of all agreed-upon procedures, we were instructed by the Company that:<br>(i) differences of less than or equal to $1.00, 0.01 (numbers and years) or 0.01%, as applicable, were in agreement.<br>(ii) differences in the Condo Association, Obligor State and Obligor Country that are as a result of abbreviations or punctuation were considered in agreement. |

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| | |
|:---|:---|
| **GT.COM** | Grant Thornton LLP is a U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and each of its member firms are separate legal entities and are not a worldwide partnership. |

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| | |
|:---|:---|
| ![LOGO](g67379g1016235159116.jpg) | 2.0 |

---

Unless otherwise indicated, the following are defined for the purposes of our procedures:

• the phrase "compared" means we checked the information for agreement between sources, with any findings being reported unless a deviation tolerance is otherwise noted. If applicable, such compared amounts
and percentages are deemed to be in agreement if differences were attributable to rounding.

• the phrase "recomputed" means, if applicable, we recalculated the number through mathematical calculation using the applicable information in the Data File as the inputs, with any findings being reported
unless a deviation tolerance is otherwise noted. If applicable, such recomputed amounts and percentages are deemed to be in agreement if differences were attributable to rounding.

• the phrase "Source Documents" means a record containing details of a particular transaction or characteristic. Source Documents may include, but are not limited to, Promissory Notes, Purchase Agreements,
Closing Disclosures, Timeshare Loan Servicing System, and Electronic downloads from the Credit Agency's website.

**Due diligence agreed-upon procedures** 

On September 16, 2025, and with updates through October 9, 2025, the Company provided us with a computer readable data file (the "Data File") containing certain characteristics of the timeshare loans (the "Timeshare Loans") included in the Securitization Transaction. We performed the procedures indicated below on the Timeshare Loans.

As instructed by the Company, Grant Thornton selected 100 Timeshare Loans on a random basis from the Data File. For each of the selected Timeshare Loans (the "Sample Timeshare Loans") listed on Appendix A, we performed comparisons for certain characteristics (as identified in Exhibit 1) to certain available source documents (the "Source Documents"). When more than one Source Document was available for a Sample Characteristic, we used the highest priority Source Document that we can locate in the Loan File.

The procedures we performed on the Sample Timeshare Loans are listed below:

**Exhibit 1** 

**Characteristics:** 

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| | | | |
|:---|:---|:---|:---|
|  | **Sample**<br> **Characteristic** | **Sample**<br> **Characteristic**<br> **Column Title / Data**<br> **File Field** | **Source Documents** |
| &nbsp;&nbsp;&nbsp;1 | Original Principal Balance | Loan Amount SUM | Promissory Note or Closing Disclosure, Purchase Agreement |
| &nbsp;&nbsp;&nbsp;2 | Current Principal Balance | Principal Balance SUM | Timeshare Loan Servicing System |

---

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| | |
|:---|:---|
| ![LOGO](g67379g1016235159116.jpg) | 3.0 |

---

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| | | | |
|:---|:---|:---|:---|
|  | **Sample**<br> **Characteristic** | **Sample**<br> **Characteristic**<br> **Column Title / Data**<br> **File Field** | **Source Documents** |
| &nbsp;&nbsp;&nbsp;3 | Condo Association | Condo Association | Promissory Note or Closing Disclosure, Purchase Agreement |
| &nbsp;&nbsp;&nbsp;4 | Current Term | Current Term SUM | Promissory Note or Closing Disclosure, Purchase Agreement |
| &nbsp;&nbsp;&nbsp;5 | Term Paid | Term Paid | Timeshare Loan Servicing System |
| &nbsp;&nbsp;&nbsp;6 | Current Rate | Current Rate SUM | Promissory Note or Closing Disclosure, Purchase Agreement |
| &nbsp;&nbsp;&nbsp;7 | Obligor State | Adr State Cd | Promissory Note or Closing Disclosure, Purchase Agreement, Timeshare Loan Servicing System |
| &nbsp;&nbsp;&nbsp;8 | Obligor Country | Adr Location | Promissory Note or Closing Disclosure, Purchase Agreement, Timeshare Loan Servicing System |
| &nbsp;&nbsp;&nbsp;9 | Down Payment Amount | Total Down Payment Amt SUM | Closing Disclosure, Purchase Agreement |
| &nbsp;&nbsp;&nbsp;10 | FICO Score | Credit Score SUM | Electronic download from the Credit Agency's website |
| &nbsp;&nbsp;&nbsp;11 | Payment Status | Aging | Timeshare Loan Servicing System |
| &nbsp;&nbsp;&nbsp;12 | Payment Type | Payment Type | Timeshare Loan Servicing System |
| &nbsp;&nbsp;&nbsp;13 | Days Delinquent | Acc Dlq Days SUM | Timeshare Loan Servicing System |

---

The Company instructed us to use the following methodology:

For characteristics 1-4 and 6-12 (as set forth in the Data File), we compared and agreed to the corresponding information as set forth in the provided Source Documents. For characteristic 5, we compared and/or recomputed and agreed to the corresponding information as set forth in the provided Source Documents. For

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| | |
|:---|:---|
| ![LOGO](g67379g1016235159116.jpg) | 4.0 |

---

characteristic 13, we recomputed and agreed to the corresponding information as set forth in the provided Source Documents.

For "Term Paid" (characteristic 5), we were instructed by the Company to subtract one paid term for any loan with a September 2025 payment to determine the term paid as of the August 31, 2025, cut-off date.

For "Payment Type" (characteristic 12), we were instructed by the Company to use the following methodology:

• The Timeshare Loan Servicing System value containing the word "Credit Card" were deemed equal to the Data File value of "Auto Credit".

• The Timeshare Loan Servicing System value containing the word "Lockbox" were deemed equal to the Data File value of "Coupon".

• The Time Share Loan Servicing System value containing the word "ACH Payments" were deemed equal to the Data File value of "Auto Debit".

For "Days Delinquent" (characteristic 13), we were instructed by the Company to recompute such characteristic using the following methodology:

• Subtract the date of delinquency from the Timeshare Loan Servicing System from the August 31, 2025, cut-off date.

We noted no unresolved discrepancies between the Data File and the Source Documents.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the Subject Matter. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

Our agreed-upon procedures engagement was not conducted for the purpose of the following:

• addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria, or other requirements;

• addressing the value of collateral securing any such assets being securitized;

• addressing the compliance of the originator of the assets with federal, state, and local laws and regulations;

• satisfying any criteria for due diligence published by a nationally recognized statistical rating organization ("NRSRO");

• addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and
conditions, including but not limited to whether the characteristics have implications on the future performance of the assets, underwritten value of the assets, credit quality of the assets, likelihood of return to investors or any other
implications related to the assets or the related asset-backed securities;

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| | |
|:---|:---|
| ![LOGO](g67379g1016235159116.jpg) | 5.0 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• forming any conclusions; and

• any other terms or requirements of the transaction that do not appear in this report.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be, and should not be, used by anyone other than these specified parties, including investors and rating agencies, who are not identified as specified parties but who may have access to this report as required by law or regulation.

/s/ GRANT THORNTON LLP

Fort Lauderdale, Florida

October 16, 2025

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## Appendix A

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**APPENDIX A** 

**Sample Timeshare Loans** 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample**<br> **Timeshare**<br> **Loan**<br> **Number** | **Timeshare<br>Loan**<br> **Number** | **Sample<br>Timeshare<br>Loan**<br> **Number** | **Timeshare<br>Loan**<br> **Number** | **Sample<br>Timeshare<br>Loan**<br> **Number** | **Timeshare<br>Loan**<br> **Number** | **Sample<br>Timeshare<br>Loan**<br> **Number** | **Timeshare<br>Loan**<br> **Number** |
| 1 | [REDACTED] | 26 | [REDACTED] | 51 | [REDACTED] | 76 | [REDACTED] |
| 2 | [REDACTED] | 27 | [REDACTED] | 52 | [REDACTED] | 77 | [REDACTED] |
| 3 | [REDACTED] | 28 | [REDACTED] | 53 | [REDACTED] | 78 | [REDACTED] |
| 4 | [REDACTED] | 29 | [REDACTED] | 54 | [REDACTED] | 79 | [REDACTED] |
| 5 | [REDACTED] | 30 | [REDACTED] | 55 | [REDACTED] | 80 | [REDACTED] |
| 6 | [REDACTED] | 31 | [REDACTED] | 56 | [REDACTED] | 81 | [REDACTED] |
| 7 | [REDACTED] | 32 | [REDACTED] | 57 | [REDACTED] | 82 | [REDACTED] |
| 8 | [REDACTED] | 33 | [REDACTED] | 58 | [REDACTED] | 83 | [REDACTED] |
| 9 | [REDACTED] | 34 | [REDACTED] | 59 | [REDACTED] | 84 | [REDACTED] |
| 10 | [REDACTED] | 35 | [REDACTED] | 60 | [REDACTED] | 85 | [REDACTED] |
| 11 | [REDACTED] | 36 | [REDACTED] | 61 | [REDACTED] | 86 | [REDACTED] |
| 12 | [REDACTED] | 37 | [REDACTED] | 62 | [REDACTED] | 87 | [REDACTED] |
| 13 | [REDACTED] | 38 | [REDACTED] | 63 | [REDACTED] | 88 | [REDACTED] |
| 14 | [REDACTED] | 39 | [REDACTED] | 64 | [REDACTED] | 89 | [REDACTED] |
| 15 | [REDACTED] | 40 | [REDACTED] | 65 | [REDACTED] | 90 | [REDACTED] |
| 16 | [REDACTED] | 41 | [REDACTED] | 66 | [REDACTED] | 91 | [REDACTED] |
| 17 | [REDACTED] | 42 | [REDACTED] | 67 | [REDACTED] | 92 | [REDACTED] |
| 18 | [REDACTED] | 43 | [REDACTED] | 68 | [REDACTED] | 93 | [REDACTED] |
| 19 | [REDACTED] | 44 | [REDACTED] | 69 | [REDACTED] | 94 | [REDACTED] |
| 20 | [REDACTED] | 45 | [REDACTED] | 70 | [REDACTED] | 95 | [REDACTED] |
| 21 | [REDACTED] | 46 | [REDACTED] | 71 | [REDACTED] | 96 | [REDACTED] |
| 22 | [REDACTED] | 47 | [REDACTED] | 72 | [REDACTED] | 97 | [REDACTED] |
| 23 | [REDACTED] | 48 | [REDACTED] | 73 | [REDACTED] | 98 | [REDACTED] |
| 24 | [REDACTED] | 49 | [REDACTED] | 74 | [REDACTED] | 99 | [REDACTED] |
| 25 | [REDACTED] | 50 | [REDACTED] | 75 | [REDACTED] | 100 | [REDACTED] |

---