Sec. 501. Qualified ISA anti-discrimination protections
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/bill/116/s/2114/is/section-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Equal Credit Opportunity Act ( 15 U.S.C. 1691 et seq.) is amended— in section 701(b) ( 15 U.S.C. 1691(b) )— in the matter preceding paragraph (1), by inserting or an ISA funder or its successor in interest after creditor ; in paragraph (4), by striking or at the end; in paragraph (5), by striking the period at the end and inserting ; or ; and by adding at the end the following: to set the terms of a Qualified ISA or an income-share agreement (as those terms are defined in section 2 of the ISA Student Protection Act of 2019 ), based on the earnings reasonably anticipated by the creditor with respect to any program of study, certificate program, degree program, or institutions of higher education where a Qualified ISA is offered. ; and in section 702 ( 15 U.S.C. 1691a )— in subsection (d), by inserting , or the right granted under a Qualified ISA or an income-share agreement (as those terms are defined in section 2 of the before the period at the end; and ISA Student Protection Act of 2019 ) in subsection (e)— by striking or any assignee and inserting any assignee ; and by inserting or any person who regularly extends, renews, or continues funding under a qualified ISA or an income-share agreement (as those terms are defined in section 2 of the before the period at the end.
ISA Student Protection Act of 2019 )
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