Code · BILL · 117th Congress · S. 4551 (Introduced in Senate) — To provide a consumer protection framework necessary to support the growth of accessible, affordable, and accountable... · Sec. 103

Sec. 103. Discharge protections for ISA recipients

97 words·~1 min read·/bill/117/s/4551/is/section-103

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In any case where an ISA recipient would be deemed totally and permanently disabled for purposes of benefits administered by the Department of Veterans Affairs or the Social Security Administration (determined without regard to whether the recipient receives such benefits), all further obligations of the ISA recipient under the income share agreement shall terminate, except those accruing before the date such a determination would apply. Upon the death of an ISA recipient, all further obligations of the ISA recipient under the income share agreement shall terminate, except those obligations accruing before the ISA recipient’s date of death.