Sec. 1013. Civil liability
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Section 130 of the Truth in Lending Act ( 15 U.S.C. 1640 ) is amended— in subsection (a)— in the matter preceding paragraph (1), by inserting and any postsecondary education lender, loan holder, or student loan servicer (as such terms are defined in section 188) who fails to comply with any requirement imposed under chapter 6 with respect to any person before is liable to such person ; in paragraph (2)— in subparagraph (A)— by striking ; or
(iv)and inserting , or
(iv); and by inserting , or
(v)in the case of a postsecondary education lender, loan holder, or student loan servicer (as such terms are defined in section 188) who fails to comply with any requirement imposed under chapter 6, not less than $400 or greater than $4,000 before the semicolon; and in subparagraph (B), by inserting , postsecondary education lender, loan holder, or student loan servicer after creditor each place it appears; and in the matter following paragraph (4)— in the first sentence— by inserting , postsecondary education lender, loan holder, or student loan servicer after creditor each place it appears; and by striking creditor's failure and inserting failure by the creditor, postsecondary education lender, loan holder, or student loan servicer ; in the fourth sentence, by inserting other than the disclosures required under section 128(e)(12), after referred to in section 128, ; and in the fifth sentence, by inserting , postsecondary education lender, loan holder, or student loan servicer after creditor ; in subsection (c), by striking creditor or assignee each place it appears and inserting creditor, assignee, postsecondary education lender, loan holder, or student loan servicer ; in subsection (e), as amended by sections 1416(b) and 1422 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 )— in the second sentence, by inserting or chapter 6 after section 129, 129B, or 129C ; and in the fourth sentence, by inserting or chapter 6 after or 129H ; and in subsection (h)— by striking creditor or assignee and inserting creditor, assignee, postsecondary education lender, loan holder, or student loan servicer ; and by striking creditor's or assignee's liability and inserting liability of the creditor, assignee, postsecondary education lender, loan holder, or student loan servicer .
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- Pub. L. 111-203
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