; and (L) any other information determined appropriate by rule of the Bureau. (2) Disclosure of payment deadlines In the case of a postsecondary education loan account under which a late fee or charge may be imposed due to the failure of the borrower to make payment on or before the due date for such payment, the billing statement required under paragraph (1) with respect to the account shall include, in a conspicuous location on the billing statement, the date on which the payment is due or, if different, the date on which a late fee will be charged, together with the amount of the late fee to be imposed if payment is made after that date. (f) Application of payments (1) Apply payment on date received Unless otherwise directed by the borrower, a covered lender, servicer, or assignee shall apply payments to a borrower’s account on the date the payment is received. (2) Promulgation of rules The Bureau may issue rules for the application of postsecondary education loan payments that— (A) implements the requirements in this section; (B) minimizes the amount of fees and interest incurred by the borrower and the total loan amount paid by the borrower; (C) minimizes delinquencies, assignments to collection, and charge offs; (D) requires covered lender, servicer, or assignee to apply payments on the date received