Sec. 339. INTEREST CALCULATION ON COVERED LOANS
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## SEC. 339 INTEREST CALCULATION ON COVERED LOANS ###
(a)Definitions **[**[15 U.S.C. 636 note](/us/usc/t15/s636)**]** In this section, the terms “covered loan” and “eligible recipient” have the meanings given the terms in section 7(a)(36)(A) of the Small Business Act (15 U.S.C. 636(a)(36)(A)). ###
(b)Calculation Section 7(a)(36)(L) of the Small Business Act (15 U.S.C. 636(a)(36)(L)) is amended by inserting “, calculated on a non-compounding, non-adjustable basis” after “4 percent”. ###
(c)Applicability **[**[15 U.S.C. 636 note](/us/usc/t15/s636)**]** The amendment made by subsection
(b)may apply with respect to a covered loan made before the date of enactment of this Act, upon the agreement of the lender and the eligible recipient with respect to the covered loan.
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Sec. 339
INTEREST CALCULATION ON COVERED LOANS
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