; preemption of State law. Sec. 202. Preemption of State law with respect to usury. Sec. 203. Preemption of pre-existing State laws with respect to ability-to-repay and licensing laws. TITLE III—Federal Individual Assistance Treatment of a Qualified ISA Sec. 301. Proceeds not treated as income in calculation of financial need under the Higher Education Act of 1965. TITLE IV—Treatment Under Securities Laws Sec. 401. Qualified ISAs not treated as securities. Sec. 402. Businesses making Qualified ISAs excluded from investment company treatment. TITLE V—Treatment Under Federal Consumer Finance Laws Sec. 501. Qualified ISA anti-discrimination protections. Sec. 502. Prohibition on requiring preauthorized electronic fund transfers. Sec. 503. Treatment under the Fair Credit Reporting Act. Sec. 504. Application of the Fair Debt Collection Practices Act. Sec. 505. Application of the Military Lending Act. Sec. 506. Application of the Servicemembers Civil Relief Act. Sec. 507. Rulemaking. TITLE VI—Treatment Under Other Laws Sec. 601. Insurance and wagering. Sec. 602. Payments not considered prepayments. TITLE VII—Reporting Requirement for the Bureau of Consumer Financial Protection Sec. 701. Report. 2. Definitions For purposes of this Act: (1) Comparable loan The term comparable loan means, with respect to a Qualified ISA, a loan that— (A) has an original principal amount such that, after any origination fees on the loan are paid, the amount of loan financing received by the individual is equal to the total amount of funding provided under the Qualified ISA to or on behalf of the individual subject to the Qualified ISA; (B) has the same disbursement or funding date, payment start date, and number of required monthly payments; and (C) is fully amortized over such term with monthly payments of principal and interest. (2) Income-share agreement The term income-share agreement means an agreement— (A) between an individual and an ISA funder