You own the deeded week at your resort
But, you gave RCI the right to use it for the next three years, unless you follow their reservation process, which iirc is you need to reserve your week 13 months in advance, otherwise, they deposit the 59k points into your account.
You can after 3 years choose not to re-new your points account, and the you would just own that fixed week.
59k isn't a bad size annual allotment of points. You can take a couple of trips and stay in some nice 1 bedroom units, or if you can travel short notice, you can get some great off season weeks for 9k.
Each of the requires an exchange fee, but with your relatively low annual cost, it makes for some affordable vacations.
I guess that since you signed the papers last Tuesday that you are beyond the the date to rescind this purchase, so it is good that you are trying to learn how best to use what you bought.
fwiw,
Greg
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The Mayan Palace in Puerto Vallarta March-20 to April-3,2009
Then Orange Lake East Village May 10-20,2009
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