Political Quotes

“I have an amendment at the desk. The SPEAKER pro tempore. The Clerk will designate the amendment. The text of the amendment is as follows: In title LI of division E, after section 5105, insert the following: SEC. 5106. PROTECTIONS FOR OBLIGORS AND COSIGNERS IN CASE OF DEATH OR TOTAL AND PERMANENT DISABILITY. (a) In General.--Section 140(g) of the Truth in Lending Act (15 U.S.C. 1650(g)) is amended-- (1) in paragraph (2)-- (A) in the heading, by striking ``in case of death of borrower''; (B) in subparagraph (A), by inserting after ``of the death'', the following: ``or total and permanent disability''; and (C) in subparagraph (C), by inserting after ``of the death'', the following: ``or total and permanent disability''; and (2) by adding at the end the following: ``(3) Discharge in case of death or total and permanent disability of borrower.--The holder of a private education loan shall, when notified of the death or total and permanent disability of a student obligor, discharge the liability of the student obligor on the loan and may not, after such notification-- ``(A) attempt to collect on the outstanding liability of the student obligor; and ``(B) in the case of total and permanent disability, monitor the disability status of the student obligor at any point after the date of discharge.…”