; and (B) in the case of a State law, the State law does not expressly state that the law is intended to apply to income share agreements as defined in this Act. (2) Nonapplicability An income share agreement under this Act is not subject to the application of section 140(e) of the Truth in Lending Act ( 15 U.S.C. 1650(e) ), to the extent it would be applicable to an income share agreement. (c) Treatment of educational ISAs (1) Assignment of future wages for educational ISAs An educational ISA shall be a valid, binding, and enforceable contract, notwithstanding any State law limiting or otherwise regulating assignments of future wages or other income, except in the case of a State law that expressly states the law is intended to apply to income share agreements as defined in this Act. (2) Preemption of State law with respect to usury and interest rates for educational ISAs An educational ISA shall not be subject to a State law with respect to usury, interest rates, fees, and charges for credit, loans, credit or installment sales, or a State law requiring that installment payments be substantially equal in amount, except in the case of a State law that expressly states the law is intended to apply to income share agreements as defined in this Act. (3) Preemption of State laws with respect to ability-to-repay and licensing laws for educational ISAs An educational ISA shall not be subject to a State law with respect to ability-to-repay requirements, and neither an ISA provider issuing an educational ISA or its successor in interest, nor any entity servicing any educational ISA on behalf of an ISA provider or its successor in interest, shall be subject to any State law with respect to licensing or registration, except in the case of a State law that expressly states the law is intended to apply to income share agreements, as defined in this Act. 602. Relation to State law (a) In General (1) Rule of Construction This Act, other than the provisions of titles I and III and section 501, may not be construed as annulling,