; (ii) upon request of the borrower, apply the prepaid amount to the outstanding loan principal; or (iii) upon request of the borrower, advance the due date of the next payment and notify the borrower of any revised due date for the next payment. (3) Payment allocation If a borrower has more than 1 loan made under this part, the Secretary shall allocate any prepayment or other partial payment in the same manner as amounts are allocated under section 128(e)(16)(G)(i) of the Truth in Lending Act ( 15 U.S.C. 1638(e)(16)(G)(i) ). . (c) Contracts Section 456 of the Higher Education Act of 1965 ( 20 U.S.C. 1087f ) is amended— (1) in subsection (a), by striking paragraph (3) and inserting the following: (3) Rules of construction (A) Consortia Nothing in this section shall be construed as a limitation of the authority of any State agency to enter into an agreement for the purposes of this section as a member of a consortium of State agencies. (B) Compliance with State and Federal laws Nothing in this section shall be construed as altering, limiting, or affecting any obligation by an entity with which the Secretary enters into a contract under this section to comply with any applicable Federal or State law, including any Federal consumer financial law, as defined in section 1002(14) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481(14) ). (C) Authorities Nothing in this section shall be construed as altering, limiting, or affecting the authority of a State attorney general or any other State regulatory or enforcement agency or authority to bring an action or other regulatory proceeding arising solely under the law of such State.