This is from a DVC owner, @Nicky_S in another thread which I will link below.
DVC are waiving the “holding” process, whereby if you cancel within 30 days of check-in date then you can only use the points to book a new stay less than 60 days ahead.
Instead they are letting people use those points up until their expiration date. But you can only do that once. If the reservation is booked using banked points they will expire.
They may allow people to “bank” their points later than the rules specify (which is 4 months before they expire).
Legally I don’t think they can extend the expiration date of the points. That is due to Timeshare laws.
So I think DVC is doing everything they can, but many people will lose points.
https://forum.touringplans.com/t/big-problem-with-davids-vacation-owner/71431/7?u=pigsispigs