Outlook Timeshare—The Overlooked Industry? Funding Period Term Fees Interest Rate requirements Advance Rate (see note) Kathryn Plouff Collateral security interest Recourse becomes 60 to 90 days delinquent Repayment/ Amortization controlled by lender, which provides accelerated amortization Eligibility Criteria average of the financed pool The “Money Chase” purchaser Note: Recent securitizations in the industry are at advance rates in the 70% to 80% range. Table 1. Typical Hypothecation Financing Characteristics Developments January 2010