1. Short title This Act may be cited as the Student Borrower Protections Act of 2019 . 2. Postsecondary education loan borrower bill of rights Chapter 2 of the Truth in Lending Act ( 15 U.S.C. 1631 et seq.) is amended— (1) by redesignating section 140A as section 140B; (2) by inserting after section 140 the following: 140A. Postsecondary education loan borrower bill of rights (a) Definitions In this paragraph: (1) Borrower The term borrower means the person to whom a postsecondary education loan is extended. (2) Charge off The term charge off means charge to profit and loss, or subject to any similar action. (3) Covered lender, servicer, or assignee The term covered lender, servicer, or assignee means— (A) an eligible lender (as defined under section 435 of the Higher Education Act of 1965) of a loan made, insured, or guaranteed under part B of title IV of the Higher Education Act of 1965; (B) any entity with which the Secretary of Education enters into a contract under section 456 of the Higher Education Act of 1965 for origination, servicing, or collection described in subsection (b) of such section 456 and is engaged in the provision of, or offering, servicing, or collections regardless of whether the Secretary identifies the entity as a servicer in such contract; (C) a private educational lender (as defined under section 140(a)); (D) any other person or entity engaged in the business of securing, making, or extending postsecondary education loans on behalf of a person or entity described in subparagraph (A) or (C); or (E) any other holder of a postsecondary education loan other than the Secretary of Education. (4) Postsecondary education loan The term postsecondary education loan means— (A) a private education loan (as defined under section 140(a))