; and (B) defer debt collectors’ required payments on such loans until after consumers’ debt payments resume. . V Protecting Student Borrowers 501. Payments for private education loan borrowers as a result of the covid–19 national emergency (a) In general Section 140 of the Truth in Lending Act ( 15 U.S.C. 1650 ) is amended by adding at the end the following new subsection: (h) COVID–19 national emergency private education loan repayment assistance (1) Authority (A) In general Effective on the date of the enactment of this section, until February 1, 2021, the Secretary of the Treasury shall, for each borrower of a private education loan, pay the total amount due for such month on the loan, based on the payment plan selected by the borrower or the borrower’s loan status. (B) Limitation on payments The maximum amount of aggregate payments that the Secretary of the Treasury may make under subparagraph (A) with respect to an individual borrower is $10,000. (2) No capitalization of interest With respect to any loan in repayment until February 1, 2021, interest due on a private education loan during such period shall not be capitalized at any time until after February 1, 2021. (3) Reporting to consumer reporting agencies Until February 1, 2021— (A) during the period in which the Secretary of the Treasury is making payments on a loan under paragraph (1), the Secretary shall ensure that, for the purpose of reporting information about the loan to a consumer reporting agency, any payment made by the Secretary is treated as if it were a regularly scheduled payment made by a borrower; and (B) no adverse credit information may be furnished to a consumer reporting agency for any private education loan. (4) Notice of payments and program Not later than 15 days following the date of enactment of this subsection, and monthly thereafter until February 1, 2021, the Secretary of the Treasury shall provide a notice to all borrowers of private education loans— (A) informing borrowers of the actions taken under this subsection