; or (ii) the bankruptcy of the co-signer. (B) Death, disability, or bankruptcy of borrower If a private education loan includes a co-signer, a private educational lender may not take any adverse action (including declaring a default, accelerating any loan obligation, increasing the interest rate, or altering any obligations under the private education loan in a way that is adverse to any co-signer) against the co-signer based on— (i) the death, disability, or inability to engage in any substantial gainful activity of the borrower; or (ii) the bankruptcy of the borrower. (3) Co-signer release (A) Requirements for automatic release of co-signer (i) Criteria established by the Bureau Not later than 180 days after the date of enactment of this subsection, the Bureau shall establish criteria, which, if met by the borrower of a private education loan, shall require the private educational lender with respect to, or servicer of, the private education loan, as applicable, to promptly release any co-signer from the obligations of the co-signer under the loan without requiring any action on behalf of the borrower. (ii) Criteria established by lender A private educational lender may establish criteria for automatic release that are different from the criteria described in clause (i) if the criteria established by the lender are not more restrictive with respect to the borrower or any co-signer of the private education loan than the criteria established under clause (i). (B) Disclosure of criteria for co-signer release A private educational lender shall— (i) include in the promissory note of a private education loan the criteria under which a co-signer may be released from the obligation of the co-signer under a private education loan under this paragraph