diff --git a/src/lib/commands/coll.c b/src/lib/commands/coll.c
index 495fbb19..535f8da9 100644
--- a/src/lib/commands/coll.c
+++ b/src/lib/commands/coll.c
@@ -127,6 +127,7 @@ coll(void)
     nreport(player->cnum, N_SEIZE_SECT, loan.l_lonee, 1);
     owed = loan_owed(&loan, time(&now));
     if (pay >= owed) {
+	loan.l_status = LS_FREE;
 	loan.l_ldur = 0;
 	nreport(loan.l_lonee, N_REPAY_LOAN, player->cnum, 1);
 	wu(0, loan.l_lonee,