; and (B) defer debt collectors’ required payments on such loans until after consumers’ debt payments resume. . V Forgiving Student Loan Debt and Protecting Student Borrowers 110501. 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 September 30, 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 September 30, 2021, interest due on a private education loan during such period shall not be capitalized at any time until after September 30, 2021. (3) Reporting to consumer reporting agencies Until September 30, 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