; or (3) a reverse mortgage transaction (as defined in section 103 of the Truth in Lending Act). . (b) Table of contents amendment The table of contents of the Fair Credit Reporting Act is amended by inserting after the item relating to section 605B the following new item: 605C. Credit restoration for victims of predatory mortgage lending. . (c) Effective date The amendments made by this section shall take effect at the end of the 18-month period beginning on the date of the enactment of this Act. 405. Provides credit relief for private education loans borrowers who were defrauded or mislead by proprietary education institution or career education programs (a) In general The Fair Credit Reporting Act ( 15 U.S.C. 1681 et seq.), as amended by section 404, is further amended by inserting after section 605C the following new section: 605D. Private education loan credit restoration for defrauded student borrowers who attend certain proprietary educational institution or career education programs (a) Process for certification as a qualifying private education loan borrower (1) In general A consumer, or an individual acting on behalf of or as a personal representative of the consumer or a class of consumers, may submit a request to the Bureau, along with a defraudment claim, to be certified as a qualifying private education loan borrower with respect to a private education loan. (2) Certification The Bureau shall certify a consumer described in paragraph (1) as a qualifying private education loan borrower with respect to a private education loan if the Bureau or a court of competent jurisdiction determines that the consumer has a valid defraudment claim with respect to such loan. (b) Removal of adverse information Upon receipt of a notice described in subsection (d)(5), a consumer reporting agency shall remove any adverse information relating to any private education loan with respect to which a consumer is a qualifying private education loan borrower from any consumer report within 45 calendar days of receipt of such