; and (B) in the flush matter at the end, by striking or paragraph (4)(C), (6), (7), or (8) of section 128(e), and inserting or paragraph (4)(C), (10), (11), or (12) of section 128(e), . (b) Effective date (1) In general The amendments made under subsection (a) shall be effective 180 days after the date of enactment of this Act. (2) Delay The Director of the Bureau of Consumer Financial Protection shall delay the effective date of the amendments made under subsection (a) for not more than 1 additional year with respect to entities engaged in servicing pursuant to a contract awarded under section 456 of the Higher Education Act of 1965 ( 20 U.S.C. 1087f ) pending the Secretary of Education’s final recommendations required under section 456(f) of such Act related to the promulgation of regulations by the Director under section 128(e)(17) of the Truth in Lending Act ( 15 U.S.C. 1638(e)(17) ). 4. Rehabilitation of private education loans Section 623(a)(1)(E) of the Fair Credit Reporting Act ( 15 U.S.C. 1681s–2(a)(1)(E) ) is amended to read as follows: (E) Rehabilitation of private education loans (i) In general If a borrower of a private education loan rehabilitates such loan in accordance with section 128(e)(23) of the Truth in Lending Act ( 15 U.S.C. 1638(e)(23) ), the private educational lender or entity engaged in servicing such loan shall request that any consumer reporting agency to which the charge-off was reported remove the delinquency that led to the charge-off and the charge-off from the borrower’s credit history. (ii) Banking agencies (I) In general If a private educational lender is supervised by a Federal banking agency, the private educational lender shall seek written approval from the Federal banking agency that the terms and conditions of the loan rehabilitation program of the lender meet the requirements of section 128(e)(23) of the Truth in Lending Act ( 15 U.S.C. 1638(e)(23) ). (II) Feedback An appropriate Federal banking agency shall provide feedback to a private educational lender within 120