This says that after that amount of time, the account "shall be transferred back to [Prosper]." There's no evidence this actually happens, and certainly the loans continue to state "in collections" on the loan pages (not that that really means a whole lot, of course). I'm pretty sure that if this really does happen, it violates assurances that have been made to us by Prosper that loans that are very late (more than 4+ months which miss a debt sale) continue to remain in collections. Not that Prosper saying one thing and doing something else is so rare either, of course. Someone should email Doug Fuller about this.