CIVIL LIABILITY.

SEC. 1012. CIVIL LIABILITY.(a) In General.—Section 130 of the Truth in Lending Act (15 U.S.C. 1640) is amended—(1) in subsection (a)—(A) in paragraph (3), by inserting “or 128(e)(7)” after “section 125”; and(B) in the fourth sentence of the undesignated matter at the end—(i) by striking “125 or” and inserting “125,”; and(ii) by inserting “of subparagraphs (A), (B), (D), (F), or (J) of section 128(e)(2) (for purposes of paragraph (2) or (4) of section 128(e)), or paragraph (4)(C), (6), (7), or (8) of section 128(e),” before “or for failing”;(2) in subsection (e), by inserting before the first period the following: “or, in the case of a violation involving a private education loan (as that term is defined in section 140(a)), 1 year from the date on which the first regular payment of principal is due under the loan”; and(3) by adding at the end the following:“(j) Private Educational Lender.—A private educational lender (as that term is defined in section 140(a)) has no liability under this section for failure to comply with section 128(e)(3)).”.(b) Effective Date.—The amendments made by this section shall have the same effective date as provisions referred to in section 1003(b).122 STAT. 3483