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Why are some delinquent loans sold in debt sales but not others?

As disclosed in the Prospectus, Prosper is obligated to use commercially reasonable efforts to service Borrower Loans. Proper has sole discretion to determine when and whether to refer loans to a collection agency, initiate legal action against delinquent borrowers, or sell loans to a third party debt buyer. As a result, if your investment portfolio contains any delinquent loans, it is possible that some of those loans have been sold to debt buyers while others have not.

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