; (3) in section 153 ( 20 U.S.C. 1019b )— (A) in subsection (a)— (i) in paragraph (1)(B)— (I) in clause (i), by adding and at the end; (II) in clause (ii), by striking ; and at the end and inserting a period; and (III) by striking clause (iii); and (ii) in paragraph (2), by amending subparagraph (C) to read as follows: (C) update such model disclosure form not later than 180 after the date of enactment of the PROSPER Act , and periodically thereafter, as necessary. ; and (B) by amending subsection (c) to read as follows: (c) Duties of covered institutions and institution-Affiliated organizations (1) Code of conduct Each covered institution, and each institution-affiliated organization of such covered institution, that has a preferred lender arrangement, shall comply with the code of conduct requirements of subparagraphs (A) through (C) of section 487(a)(22). (2) Applicable code of conduct For purposes of subparagraph (A), an institution-affiliated organization of a covered institution shall— (A) comply with the code of conduct developed and published by such covered institution under subparagraphs (A) and (B) of section 487(a)(22); (B) if such institution-affiliated organization has a website, publish such code of conduct prominently on the website; and (C) administer and enforce such code of conduct by, at a minimum, requiring that all of such organization’s agents with responsibilities with respect to education loans be annually informed of the provisions of such code of conduct. ; and (4) in section 154 ( 20 U.S.C. 1019c )— (A) in the subsection heading, by inserting before the period the following: or the Federal ONE Loan Program ; (B) by striking William D. Ford Direct Loan Program each place it appears and inserting William D. Ford Direct Loan Program or the Federal ONE Loan Program (C) by striking part D each place it appears and inserting part D or E ; and (D) in subsection (a)— (i) by striking the development and inserting the first update