There is no damage because the system is able to correct for the out-of-timing, this code is more of a warning because timing cannot be adjusted enough when the car is driven through lean and rich conditions.
Before you remove the Tbelt, take out the spark plugs and rotate the engine so the marks line up on the crank pulley and one of the cam sprockets. Mark all 3 timing marks with white out or some other paint that you can easily see. Then mark the belt at both cam sprockets. It will be obvious which cam is off a tooth.
Then loosen the tensioner, slip the belt off the cams and reposition the belt. After re-tensioning (?) turn the engine 720 degrees clockwise and verify that the marks are still aligned. Put the spark plugs back in and you will be ready to go.
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