# EDGAR Filing Document

**Accession Number:** 0001618081
**File Stem:** 0001140361-25-043619
**Filing Date:** 2025-11
**Character Count:** 32785
**Document Hash:** 86500d2a827b4a4dcad3520ef51b290d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-043619.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001140361-25-043619

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

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20251128

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

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Residential mortgages - Other/Combined

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hilton Resorts Corp
- **CENTRAL INDEX KEY:** 0001618081

**ORGANIZATION NAME:**
- **EIN:** 954349751
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03191
- **FILM NUMBER:** 251533597

**BUSINESS ADDRESS:**
- **STREET 1:** C/O HILTON GRAND VACATIONS, INC.
- **STREET 2:** 6355 METROWEST BLVD., SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
- **BUSINESS PHONE:** (407)722-3100

**MAIL ADDRESS:**
- **STREET 1:** C/O HILTON GRAND VACATIONS, INC.
- **STREET 2:** 6355 METROWEST BLVD., SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hilton Resorts Corp
- **CENTRAL INDEX KEY:** 0001618081

**ORGANIZATION NAME:**
- **EIN:** 954349751
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** C/O HILTON GRAND VACATIONS, INC.
- **STREET 2:** 6355 METROWEST BLVD., SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
- **BUSINESS PHONE:** (407)722-3100

**MAIL ADDRESS:**
- **STREET 1:** C/O HILTON GRAND VACATIONS, INC.
- **STREET 2:** 6355 METROWEST BLVD., SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hilton Resorts Corp
- **CENTRAL INDEX KEY:** 0001618081

**ORGANIZATION NAME:**
- **EIN:** 954349751
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03191

**BUSINESS ADDRESS:**
- **STREET 1:** C/O HILTON GRAND VACATIONS, INC.
- **STREET 2:** 6355 METROWEST BLVD., SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
- **BUSINESS PHONE:** (407)722-3100

**MAIL ADDRESS:**
- **STREET 1:** C/O HILTON GRAND VACATIONS, INC.
- **STREET 2:** 6355 METROWEST BLVD., SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835

------

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### <br>

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### FORM ABS-15G

#### <br>

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#### ASSET-BACKED SECURITIZER

#### REPORT PURSUANT TO SECTION 15G OF

#### THE SECURITIES EXCHANGE ACT OF 1934

#### <br>

#### 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<u> </u>to<u> </u>**

---

| |
|:---|
| **Date of Report (Date of earliest event reported)** |
| **Commission File Number of securitizer:** |
| **Central Index Key Number of securitizer:** |

---

#### Name and telephone number, including area code, of the person to contact in connection with this filing

#### <br>

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Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

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

#### Central Index Key Number of securitizer: 0001618081

#### <br>

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## Hilton Grand Vacations Trust 2025-3EXT

#### (Exact name of issuing entity as specified in its charter)

------

#### <br>

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

#### <br>

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

Charles R. Corbin

(407) 613-3100

#### Name and telephone number, including area code, of the person to contact in connection with this filing

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#### INFORMATION TO BE INCLUDED IN THE REPORT

#### <br>

#### FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

#### <br>

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

---

Attached as <u>Exhibit 99.1</u> hereto is the Report of Independent Accountants on Applying Agreed-Upon Procedures dated November 28, 2025 obtained by Hilton Resorts Corporation, with respect to certain agreed-upon procedures performed by KPMG LLP.

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entities have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

---

| |
|:---|
| Hilton Resorts Corporation |
| /s/ Charles R. Corbin |
| Charles R. Corbin |
| Secretary |
| Date: November 28, 2025 |

---

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#### EXHIBIT INDEX

Exhibit Number Description <br>[Exhibit 99.1](ef20060183_ex99-1.htm) Report of Independent Accountants on Applying Agreed-Upon Procedures, dated November 28, 2025.

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## Exhibit 99.1

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#### Exhibit 99.1<br>

#### <br>

**---

| | |
|:---|:---|
| ![](image02.jpg) | <br>KPMG LLP<br>Suite 700<br>20 Pacifica<br>OIrvine, CA 92618-3391<br>|

---

**

#### Independent Accountants' Agreed-Upon Procedures Report
Hilton Resorts Corporation (the "Company")

Deutsche Bank Securities Inc.

Barclays Capital Inc.

BofA Securities, Inc.

Truist Securities, Inc.

Wells Fargo Securities, LLC

(together, the "Specified Parties")

Re: Hilton Grand Vacations Trust 2025-3EXT – Data Files Procedures

We have performed the procedures described below on the specified attributes in two electronic data files entitled "HGVT 2025-3EXT Preliminary Pool Cut_10.31.2025_AUP_397.xlsx" provided by the Company on November 16, 2025 (the "Initial Data File") and "HGVT 2025-3EXT Preliminary Pool Cut_10.31.2025_AUP_397_v2.xlsx" provided by the Company on November 20, 2025 (the "Data File," and together with the Initial Data File, the "Data Files"), both containing information on 13,194 timeshare loans (the "Timeshare Loans") as of October 31, 2025, which we were informed are intended to be included as collateral in the offering by Hilton Grand Vacations Trust 2025-3EXT. The Company is responsible for the specified attributes identified by the Company in the Data Files.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data Files. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;• The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the
 reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "reporting threshold" means that dollar amounts, percentages, and months were within $1.00, 0.1%, and 1 month, respectively.

![](image03.jpg)

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![](image01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Sample Selection File" means an electronic data file entitled "HGVT 2025-3EXT Loan IDs.xlsx" provided by the Company on November 7, 2025, containing information on unique loan identification numbers for 10,867 Timeshare Loans
 as of October 31, 2025 *,* which we were informed are intended to be included as collateral in the offering of Hilton Grand Vacations Trust 2025-3EXT.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Timeshare Contracts" means some or all of the following documents provided by the Company for each Sample Loan (defined below): promissory note, purchase agreement, purchase and security agreement, purchase proposal, truth in
 lending disclosure, purchase agreement addendum, revision of terms, and/or other related documents.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "System Screenshots" means extracts of customer records (including, but not limited to, payment dates and payment amounts) that the Company informed us were extracted from its asset management systems.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Credit Report" means a report identifying the credit score of the Timeshare Loan borrowers.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Hilton Property Mapping Schedule" means an electronic data file entitled "HGV – Property & investor ID.xlsx" provided by the Company on July 10, 2025, and electronic mail correspondence provided by the Company on November
 19, 2025, containing information on Hilton property names and consolidated property categories associated with the Timeshare Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Bluegreen Property Mapping Schedule" means an electronic data file entitled "Association Name to Resort Name.xlsx" provided by the Company on July 11, 2025, and the tab entitled "BXG Resort Name" in an electronic data file
 entitled "HGVT 2025-3 KPMG CS Issues Log v4_HGV Responses.xlsx" provided by the Company on November 24, 2025, containing information on Bluegreen property names and consolidated property categories associated with the Timeshare Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Diamond Property Mapping Schedule" means electronic mail correspondence provided by the Company on November 21, 2025, containing information on Diamond property names and project IDs associated with the Timeshare Loans.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Property Mapping Schedules" means the Hilton Property Mapping Schedule, Bluegreen Property Mapping Schedule, and Diamond Property Mapping Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Prior Receivable Mapping Schedule" means an electronic data file entitled "SCTASK0484920_ Wrapped_Contracts_20251112.xlsx" provided by the Company on November 19, 2025, containing information on the identification of related
 timeshare loans previously originated to the borrowers of certain Sample Diamond Loans (defined below) (the "Prior Timeshare Receivables").

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Source Documents" means the following information provided by the Company: Timeshare Contracts, System Screenshots, Credit Report, Property Mapping Schedules, and Prior Receivable Mapping Schedule. The Source Documents were
 represented by the Company to be either electronic copies of the original Source Documents and/or electronic representations of the records contained within the Company's systems. We make no representation regarding the validity,
 enforceability, authenticity, or accuracy of the information in the documents, or the documents themselves, or the execution of the Timeshare Contracts by the borrower.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, or methodology, as described in Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Provided Information" means the Sample Selection File, Source Documents, and Instructions.

------

![](image01.jpg)

The procedures we were instructed by the Company to perform and the associated findings are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;A. We randomly selected a sample of Timeshare Loans from the Sample Selection File as follows: (i) 50 Timeshare Loans from the "HGV" tab (the "Sample Hilton Loans"), (ii) 50 Timeshare Loans from the "DRI" tab (the "Sample Diamond Loans),
 and (iii) 50 Timeshare Loans from the "BXG" tab (the "Sample Bluegreen Loans") for a total of 150 Timeshare Loans (together, the "Sample Loans"). A listing of the Sample Loans is attached hereto as Exhibit B. For purposes of this
 procedure, the Company did not inform us of the basis they used to determine the number of Timeshare Loans we were instructed to randomly select from the Sample Selection File.

&nbsp;&nbsp;&nbsp;&nbsp;B. For each Sample Loan, we compared or recomputed the specified attributes in the Initial Data File listed below to or using the corresponding information included in the Source Documents listed below in the Provided Information column,
 utilizing the Instructions, as applicable. The Specified Parties indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information from the Initial Data File to the Source
 Documents for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception. The Source Documents are listed in the order of priority.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Attribute** | **Sample Hilton Loan**<br> **Attribute** | **Sample Diamond**<br> **Loan Attribute** | **Sample Bluegreen**<br> **Loan Attribute** | **Provided Information** |
| Loan ID | Loan ID | Loan ID | Loan # | Timeshare Contracts,<br> System Screenshots |
| Borrower State | Borrower State | Borrower State | Cust State | Timeshare Contracts,<br> System Screenshots, Instructions |
| Borrower Country | Borrower Country | Borrower Country | Owner Cntyr | Timeshare Contracts,<br> System Screenshots |
| Property Description | Property Cd | Project ID | Resort | Timeshare Contracts,<br> Property Mapping Schedules, and Instructions |
| Sales Price | Sales Price | Sales Price | Purch Price | Timeshare Contracts, Prior Receivable Mapping Schedule, and Instructions |
| Equity Transferred | Contr Equity Amount | Equity Transferred | N/A \* | Timeshare Contracts, Prior Receivable Mapping Schedule, and Instructions |
| Original Term | Original Term | Original Term | Orig Term | Timeshare Contracts |
| Origination Date | Contr Date Sold | Date of Sale | Orig Date | Timeshare Contracts |
| Original Balance | Original Amt | Original Loan Amount | Orig Note | Timeshare Contracts |
| Cash Down Payment | Cash Down Payment | Cash Down Payment | Cash Down Payment | Timeshare Contracts, Prior Receivable Mapping Schedule, and Instructions |
| Interest Rate | Interest Rate | Interest Rate | Int Rate | Timeshare Contracts,<br> System Screenshots |
| Maturity Date | Maturity Date | Maturity Date | Mat Date | Timeshare Contracts, System Screenshots, and Instructions |
| Remaining Term | N/A \* | N/A \* | Rem Term | Timeshare Contracts, System Screenshots, and Instructions |
| Principal & Interest Payment | Principal & Interest Payment | Principal & Interest Payment | Mly Pymt | Timeshare Contracts,<br> System Screenshots |
| Service Fee | Service Fee | N/A \* | N/A \* | Timeshare Contracts,<br> and Instructions |
| Next Payment Date | Due Date | Next Payment Date | Next Due | System Screenshots |
| Current Balance | Principal Bal | Principal Balance | Curr Prin | System Screenshots |
| Original Credit Score (Highest) | High Score | High Score | Credit | Credit Report and Instructions |
| Days Delinquent | Days Delinquent | Days Delinquent | Days Delq | System Screenshots and Instructions |
| Wrap Pay Down | N/A \* | Wrap Pay Down | N/A \* | System Screenshots, Prior Receivable Mapping Schedule, and Instructions |

---

\* Not Applicable. Per the Instructions, no procedures were performed for the attributes and the Sample Loans referenced.

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![](image01.jpg)

We found such information to be in agreement except for Sample Diamond Loan Attributes (i) Project ID and (ii) Wrap Pay Down, which were not present in the Initial Data File, and except as listed in Exhibit C.

&nbsp;&nbsp;&nbsp;&nbsp;C. The Initial Data File was revised by the Company to include additional information about the Timeshare Loans, including Sample Diamond Loan Attributes (i) Project ID and (ii) Wrap Pay Down.

We reperformed Procedure B for the Sample Loans in the Data File. We found such information to be in agreement except as listed in Exhibit C.

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, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. 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 specified attributes in the Data Files. 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.

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.

The procedures performed were applied based on the information included in Data Files and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Timeshare Loans, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Timeshare Loans to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Timeshare Loans being securitized, (iii) the compliance of the originator of the Timeshare Loans with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Timeshare Loans that would be material to the likelihood that the issuer of the asset-backed notes will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

------

![](image01.jpg)

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 any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California

November 28, 2025

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#### Exhibit A

#### <br>

#### Instructions

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| | | |
|:---|:---|:---|
| **Number** | **Attribute** | **Instruction** |
| 1. | Borrower State | Do not perform this procedure for Sample Loans for which the Data Files value for Borrower Country is not "United States." |
| 2. | Property Description | For each Sample Loan, consider the Data Files and Provided Information value to be in agreement if differences are due to punctuation and/or the truncation of property descriptions in the Data Files. |
| 3. | Sales Price | For each Sample Diamond Loan, recompute as the sum of the Sales Price in the Timeshare Contract and each related Prior Timeshare Receivable listed in the Prior Receivable Mapping Schedule. |
| 4. | Equity Transferred | For each Sample Diamond Loan, recompute as the sum of the Equity Transferred in the Timeshare Contract and Equity Transferred for each related Prior Timeshare Receivable listed in the Prior Receivable Mapping Schedule, plus Wrap Pay Down.<br>Do not perform this procedure for Sample Bluegreen Loans. |
| 5. | Cash Down Payment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For each Sample Hilton Loan, recompute as the sum of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the difference between (i) total down payment and (ii) closing costs in the Timeshare Contract, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. balance down payment in the Timeshare Contract.<br>For each Sample Diamond Loan, recompute as the difference between:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the sum of down payments in the Timeshare Contract and for all related Prior Timeshare Receivables listed in the Prior Receivable Mapping Schedule, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the sum of non-trade in credits received in the Timeshare Contract and for all related Prior Timeshare Receivables listed in the Prior Receivable Mapping Schedule.<br>|
| 6. | Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For each Sample Loan, if Maturity Date was not observed in the Timeshare Contract, recompute as the date equal to:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp; first payment date in the Timeshare Contract or System Screenshot<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp; plus the Original Term number of months in the Timeshare Contract<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp; minus one (1) month.<br>For Sample Loan #111, calculate the Maturity Date as detailed above and add two (2) months if a reference to a "natural disaster" is observed in the System Screenshots. |

---

------

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| | | |
|:---|:---|:---|
| **Number** | **Attribute** | **Instruction** |
| 7. | Remaining Term | For each Sample Bluegreen Loan, recompute the number of remaining payment periods using Interest Rate, Principal and Interest Payment, and Current Balance from the Source Documents, rounded down to the nearest whole number (but in no case more than 180).<br>Do not perform this procedure for Sample Hilton Loans or Sample Diamond Loans. |
| 8. | Service Fee | Do not perform this procedure for Sample Diamond Loans or Sample Bluegreen Loans. |
| 9. | Original Credit Score (Highest) | Do not perform this procedure for Sample Loans for which the Data File value is blank or zero. |
| 10. | Days Delinquent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recalculate as the difference between (but in no case less than zero):<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp; October 31, 2025, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp; Next Payment Date in the System Screenshots |
| 11. | Wrap Pay Down | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For Sample Diamond Loans for which the Data Files value is greater than zero:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. inspect the System Screenshots for related Prior Timeshare Receivables listed in the Prior Receivable Mapping File, if there are either:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) two (2) "original amount" transaction descriptions dated within 31 days of each other, or<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) an "original amount" transaction description dated before February 1, 2020, for a Prior Timeshare Receivable with a "upgrade/wrap write off principal" transaction description,<br> then, recompute the difference between:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the sum of principal amounts in the System Screenshots for all related Prior Timeshare Receivables, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the sum of upgrade/wrap write off principal amounts in the System Screenshots for all related Prior Timeshare Receivables<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. otherwise, recompute as the difference between:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the sum principal amounts in the System Screenshots, and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the sum of upgrade/wrap write off principal amounts in the System Screenshots<br>for the related Prior Timeshare Receivable listed in the Prior Receivable Mapping Schedule with the most recent sales date.<br>Do not perform this procedure for Sample Diamond Loans for which the Data Files value is zero, or for Sample Hilton Loans or Sample Bluegreen Loans. |

---

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#### Exhibit B

#### <br> The Sample Loans

#### Sample Hilton Loans

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** |
| 1 | 2025940156 | 13 | 2025670090 | 25 | 2025050037 | 37 | 2025960068 |
| 2 | 2025490062 | 14 | 2025080090 | 26 | 2025750043 | 38 | 2025270068 |
| 3 | 2025090062 | 15 | 2025410067 | 27 | 2025560068 | 39 | 2025250068 |
| 4 | 2025030034 | 16 | 2025970034 | 28 | 2025060069 | 40 | 2025940068 |
| 5 | 2025300055 | 17 | 2025820086 | 29 | 2025780069 | 41 | 2025580048 |
| 6 | 2025290275 | 18 | 2025950085 | 30 | 2025350030 | 42 | 2025190039 |
| 7 | 2025900045 | 19 | 2025970086 | 31 | 2025340030 | 43 | 2025830039 |
| 8 | 2025310064 | 20 | 2025130086 | 32 | 2025740030 | 44 | 2025400039 |
| 9 | 2025820059 | 21 | 2025120280 | 33 | 2025350030 | 45 | 2025430039 |
| 10 | 2025550064 | 22 | 2025050280 | 34 | 2025170030 | 46 | 2025760039 |
| 11 | 2025730064 | 23 | 2025410037 | 35 | 2025400045 | 47 | 2025380039 |
| 12 | 2025310090 | 24 | 2025850055 | 36 | 2025140043 | 48 | 2025150039 |
|  |  |  |  |  |  | 49 | 2025680039 |
|  |  |  |  |  |  | 50 | 2025770039 |

---

**\*\*** The Company has assigned a unique account number to each Timeshare Loan in the Data Files. The Company's Account Numbers referred to in this Exhibit are not the actual account numbers.

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#### Sample Diamond Loans

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account<br> Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** |
| 51 | 202550802 | 63 | 202566481 | 75 | 202558873 | 87 | 202585840 |
| 52 | 202507670 | 64 | 202567120 | 76 | 202561676 | 88 | 202586282 |
| 53 | 202513804 | 65 | 202569489 | 77 | 202571335 | 89 | 202587732 |
| 54 | 202585040 | 66 | 202573350 | 78 | 202575046 | 90 | 202587814 |
| 55 | 202513968 | 67 | 202520305 | 79 | 202576879 | 91 | 202590067 |
| 56 | 202542009 | 68 | 202529105 | 80 | 202577928 | 92 | 202591333 |
| 57 | 202575275 | 69 | 202537529 | 81 | 202579476 | 93 | 202593021 |
| 58 | 202579974 | 70 | 202542759 | 82 | 202581031 | 94 | 202595003 |
| 59 | 202564240 | 71 | 202547239 | 83 | 202581868 | 95 | 202596133 |
| 60 | 202566768 | 72 | 202549949 | 84 | 202582134 | 96 | 202500093 |
| 61 | 202572960 | 73 | 202555781 | 85 | 202583215 | 97 | 202501779 |
| 62 | 202527186 | 74 | 202558391 | 86 | 202583240 | 98 | 202501929 |
|  |  |  |  |  |  | 99 | 202502263 |
|  |  |  |  |  |  | 100 | 202576513 |

---

**\*\*** The Company has assigned a unique account number to each Timeshare Loan in the Data Files. The Company's Account Numbers referred to in this Exhibit are not the actual account numbers.

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#### Sample Bluegreen Loans

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br>**Account**<br> **Number\*\*** | **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number\*\*** |
| 101 | 20255139 | 113 | 20255549 | 125 | 20255658 | 137 | 20258844 |
| 102 | 20258262 | 114 | 20259593 | 126 | 20250953 | 138 | 20259868 |
| 103 | 20254415 | 115 | 20255863 | 127 | 20251755 | 139 | 20251105 |
| 104 | 20257990 | 116 | 20257438 | 128 | 20254168 | 140 | 20254553 |
| 105 | 20254598 | 117 | 20259253 | 129 | 20256078 | 141 | 20256236 |
| 106 | 20254801 | 118 | 20253287 | 130 | 20259096 | 142 | 20257600 |
| 107 | 20255419 | 119 | 20257763 | 131 | 20258914 | 143 | 20252330 |
| 108 | 20257089 | 120 | 20257772 | 132 | 20252130 | 144 | 20252955 |
| 109 | 20259451 | 121 | 20250190 | 133 | 20250509 | 145 | 20257898 |
| 110 | 20250114 | 122 | 20252964 | 134 | 20254571 | 146 | 20251748 |
| 111 | 20251050 | 123 | 20253730 | 135 | 20255773 | 147 | 20252186 |
| 112 | 20254832 | 124 | 20255480 | 136 | 20255408 | 148 | 20252648 |
|  |  |  |  |  |  | 149 | 20254914 |
|  |  |  |  |  |  | 150 | 20256155 |

---

**\*\*** The Company has assigned a unique account number to each Timeshare Loan in the Data Files. The Company's Account Numbers referred to in this Exhibit are not the actual account numbers.

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#### Exhibit C

#### <br>

#### Exceptions

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| | | | | |
|:---|:---|:---|:---|:---|
| **Sample**<br> **Loan**<br> **ID** | **Company**<br> **Account**<br> **Number** | **Attribute** | **Per Data File** | **Per Provided Information** |
| 9 | 2025820059 | Original Credit Score (Highest) | 733 | 773 |
| 15 | 2025410067 | Original Credit Score (Highest) | 584 | 683 |
| 36 | 2025140043 | Original Credit Score (Highest) | 551 | 703 |
| 103 | 20254415 | Property Description | Innsbruck | RESORT SIXTY-SIX |
| 105 | 20254598 | Property Description | The Blake | LAUREL CREST |
| 106 | 20254801 | Property Description | Big Bear | LAKE EVE RESORT CONDOMINIUM |
| 107 | 20255419 | Property Description | Casa Del Mar Resort | GRANDE VILLAS AT WORLD GOLF VILLAGE |
| 108 | 20257089 | Property Description | Landmark Holiday Beach Resort | LAKE EVE RESORT CONDOMINIUM |
| 110 | 20250114 | Property Description | Hemlock Condominiums | RESORT AT WORLD GOLF VILLAGE |
| 111 | 20251050 | Property Description | Bluegreen Club 36 | THE CLUB AT BIG BEAR VILLAGE |
| 112 | 20254832 | Property Description | Studio Homes | THE FOUNTAINS |
| 113 | 20255549 | Property Description | Casa Del Mar Resort | SOLARA SURFSIDE |
| 114 | 20259593 | Property Description | Lake Eve | THE FALLS VILLAGE |
| 115 | 20255863 | Property Description | Casa Del Mar Resort | LAKE EVE RESORT CONDOMINIUM |
| 116 | 20257438 | Property Description | Grande Villas at World Golf Village | THE SOUNDINGS SEASIDE RESORT CONDOMINIUM |
| 117 | 20259253 | Property Description | Grande Villas at World Golf Village | SHORE CREST VACATION VILLAS II |
| 118 | 20253287 | Property Description | Casa Del Mar Resort | ORLANDO'S SUNSHINE RESORT II |
| 124 | 20255480 | Property Description | Eilan Hotel and Spa | MOUNTAINLOFT RESORT II |
| 125 | 20255658 | Property Description | Lake Eve | THE SUITES AT HERSHEY |
| 126 | 20250953 | Property Description | Soundings | CHRISTMAS MOUNTAIN VILLAS |
| 130 | 20259096 | Property Description | Mills Springs Londge | BG FOUNTAINS CONDOMINIUM |
| 146 | 20251748 | Property Description | Eilan Hotel and Spa | BG FOUNTAINS CONDOMINIUM |

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C-1<br>

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