What information is required under the 'Financial Institution Name' section for Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
(xv) policies and procedures regarding the collection, storage, use, processing and transfer of personal data (which includes information that identifies or is capable of identifying an individual), payment card data, or other financial data and information, including any data privacy or data security compliance programs, any payment card industry data security standards, together with any related audit or certification requirements, and all other applicable data protection and privacy laws and regulations;
(xvii) participation in and compliance with the terms of all of Franchisor's mandatory marketing, reservation service, website/CMS platform and analytics, social media platforms and structure, photography and videography program rate and inventory management, advertising, cooperative advertising, guest frequency, social responsibility, discount or promotional, customer award, customer loyalty, Internet, computer, training, financial reporting and operating programs, including: (i) an approved PMS that interfaces with the CRS or any other central reservation system Franchisor periodically adopts; and (ii) a financial reporting software or service of Franchisor's choosing to interface with the Resort's POS/PMS system and transmit to Franchisor real-time data related to revenue and overall resort performance.
Franchisor reserves the right to collect any and all data and information that relates to the overall performance of the Resort.
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
Based on the 2025 Camp Margaritaville Franchise Disclosure Document, there is no specific section that requires the franchisee to disclose the 'Financial Institution Name.' However, the FDD does outline several instances where financial information and reporting are required.
Camp Margaritaville franchisees must adhere to policies regarding the handling of personal, payment card, and other financial data, including compliance with data protection and privacy laws. Franchisees are also obligated to participate in mandatory financial reporting programs, utilizing approved PMS and financial reporting software to transmit real-time data related to revenue and resort performance to the franchisor.
While the FDD does not explicitly require disclosure of the financial institution name, the franchisor reserves the right to collect data related to the overall performance of the resort. Therefore, it is possible that the franchisor may request this information as part of their financial oversight and reporting requirements. Prospective franchisees should clarify with the franchisor the specific financial information they need to provide, including whether the name of their financial institution is required.