neelie13
Level 1
06-13-2020
05:13 PM
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The debt was a line of credit that was secured by principal residence which was abandoned. The line of cred was not used to improve the home. Not sure if that matters.
Event Code G - Code G — Decision or policy to discontinue collection. Code G is used to identify cancellation of debt as a result of a decision or a defined policy of the creditor to discontinue collection activity and cancel the debt. For purposes of this identifiable event, a defined policy includes both a written policy and the creditor's established business practice.