; or (3) under subsection (c)(7) that the borrower has successfully satisfied the requirements under subsection (a). (g) Rules of construction (1) Application to subsequent default or delinquency A borrower who satisfies the requirements under subsection (a) shall be eligible for additional credit rehabilitation described in subsection (a) with respect to any subsequent default or delinquency of the borrower on the rehabilitated private education loan. (2) Interruption of the consecutive payment period requirement The grace period described in subsection (b)(1)(A) shall not apply if any regulation promulgated under section 987 of title 10, United States Code (commonly known as the Military Lending Act), or the Servicemembers Civil Relief Act ( 50 U.S.C. App. 501 et seq.) allows for a grace period or other interruption of the 10-month period described in subsection (a) and such grace period or other interruption is longer than the period described in subsection (b)(1)(A) or otherwise provides greater protection or benefit to the borrower who is a member of the Armed Forces. . (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 605D (as added by section 405) the following new item: 605E. Credit rehabilitation for distressed private education loan borrowers who demonstrate a history of loan repayment. . 302. Private education loan definitions Section 603 of the Fair Credit Reporting Act ( 15 U.S.C. 1681a ) is amended by adding at the end the following new subsection: (z) Private education loan definitions The terms private education loan and private educational lender have the meanings given such terms, respectively, in section 140(a) of the Truth in Lending Act. . IV Restoring the impaired credit of victims of predatory activities and unfair consumer reporting practices 401. Shortens the time period that most adverse credit information stays on consumer reports (a) In general Section 605 of the Fair Credit Reporting Act (