; (B) has— (i) the same disbursements or financing dates, payment start date, and frequency of payments as the income share agreement; and (ii) an expected number of payments equal to the ISA maximum number of payments; and (C) is fully amortized over the ISA duration, with substantially equal periodic payments of principal and interest. (7) Consumer The term consumer means a natural person using an income share agreement for personal, family, or household purposes. (8) Consumer protection regulation The term consumer protection regulation means a regulation that the Bureau is authorized to prescribe under Federal consumer financial law, as defined in section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 ). (9) Covered educational institution The term covered educational institution — (A) means— (i) an educational institution that would be an institution of higher education, if such determination was made without regard to the institution's accreditation status; and (ii) an institution-affiliated organization, as defined in section 151 of the Higher Education Act of 1965 ( 20 U.S.C. 1019 ); and (B) includes an agent, officer, or employee of the institution of higher education or institution-affiliated organization. (10) Date of the ISA The term date of the ISA means the date that is the later of— (A) the date on which the income share agreement is signed by the ISA recipient and the ISA provider; or (B) the date on which the income share agreement is accepted by the ISA recipient and the ISA provider. (11) Director The term Director means the Director of the Bureau. (12) Disbursement The term disbursement , when used with respect to an income share agreement, means the advance of ISA financing to an ISA recipient or the advancing of ISA financing to a third party on the ISA recipient’s behalf. (13) Educational ISA