Sec. 2. Additional disclosures
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/bill/116/s/2015/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 433(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1083(a) ) is amended— in paragraph (4), by striking the origination fee and and inserting finance charges, the origination fee, and ; by redesignating paragraphs
(6)through
(19)as paragraphs
(7)through (20), respectively; and by inserting after paragraph (5), the following: the annual percentage rate applicable to the loan, taking into account— the amount of the loan; the stated interest rate of the loan; the standard term for a loan of the same type; any fees or additional costs associated with the loan; and any capitalization of interest on the loan; .
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Sec. 2
Additional disclosures
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