; and (2) by adding at the end the following: (c) Applicability of provisions under the consumer financial protection act of 2010 (1) Consumer financial product or service A consumer financial product or service offered by an entity with which the Secretary enters into a contract under this section for origination, servicing, or collection described in subsection (b), as part of such contract, shall have the meaning given the term in section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 ). (2) Covered person Any entity with which the Secretary enters into a contract under this section for origination, servicing, or collection described in subsection (b) shall be considered a covered person (as defined in section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 )) and subject to the provisions of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ). (3) Postsecondary educational lender or servicer Any entity with which the Secretary enters into a contract under this section for origination, servicing, or collection, as described in subsection (b), and is engaged in the provision of, or offering, servicing shall be considered a postsecondary educational lender or servicer (as defined in section 128(e) of the Truth in Lending Act ( 15 U.S.C. 1638(e) ), and subject to the provisions of section 128(e) of the Truth in Lending Act ( 12 U.S.C. 1638(e) ). (d) Complaints from student loan borrowers In awarding any contract under this section for origination, servicing, or collection described in subsection (b), the Secretary shall require, as part of such contract, any entity receiving such an award— (1) to respond to consumer complaints submitted to any Federal, State, or local agency that accepts complaints from student loan borrowers, including the Bureau of Consumer Financial Protection, by borrowers who owe loans made under this part