Although a program participant may be notified verbally, only a written confirmation validates the transaction. Upon submission to I.E.S of a properly applied for exchange request, all rights to the program participant's vacation time period at his or her home resort are given to I.E.S further, program participant may not offer the same vacation time period at their home resort for rental, resale, or exchange through another exchange program during the same time it is offered to I.E.S for exchange, unless written cancellation is received by I.E.S prior to confirmation. Any program participant violating this requirement will be held strictly liable for any losses incurred by I.E.S. 21. A program participant does lose the use and occupancy of the vacation time period offered to I.E.S upon submission to I.E.S of a properly apples for exchange request, as previously described. However, in return the program participant will receive future credit by which I.E.S remains obligated to provide a future vacation time period to the program participant subject to availability.
Some resorts require additional fees for the use of certain amenities and facilities.
These fees, when required, are determined and collected by the resort. Anyone visiting a host resort on a exchange will be subject to such fees. In addition, some jurisdictions require a payment of a tax on the occupancy of resort accommodations. Payment of any transient occupancy tax is the responsibility of the individual visiting the host resort on a exchange. Maintenance fees and the like are the responsibility of the owner of the vacation time period at the home resort.