; and (XII) any other information determined appropriate by the Director through regulations promulgated, based on consumer testing and in accordance with paragraph (17)(A). (ii) 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 clause (i) with respect to the account shall include, in a conspicuous location on the billing statement and in clear and plain language, 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 (i) Apply payment on date received Unless otherwise directed by the borrower, a postsecondary educational lender or servicer shall apply payments to a borrower’s account on the date the payment is received. (ii) Promulgation of rules The Director, in accordance with paragraph (17)(A), may promulgate rules for the application of postsecondary education loan payments that— (I) implements the requirements in this section; (II) minimizes the amount of fees and interest incurred by the borrower and the total loan amount paid by the borrower; (III) minimizes delinquencies, assignments to collection, and charge-offs; (IV) requires postsecondary educational lenders or servicers to apply payments on the date received