; and (ii) in lieu of the fee otherwise applicable under paragraph (18)(A), the Administrator shall collect no fee. (I) Credit elsewhere During the covered period, the requirement that a small business concern is unable to obtain credit elsewhere, as defined in section 3(h), shall not apply to a covered loan. (J) Collateral and personal guarantee requirements During the covered period, with respect to a covered loan— (i) no collateral shall be required for the covered loan; and (ii) no personal guarantee shall be required for the covered loan. (K) Maturity for loans with remaining balance after application of forgiveness With respect to a covered loan that has a remaining balance after reduction based on the loan forgiveness amount under section 1105 of the CARES Act— (i) the remaining balance shall continue to be guaranteed by the Administration under this subsection; and (ii) the covered loan shall have a maximum maturity of 10 years from the date on which the borrower applies for loan forgiveness under that section. (L) Interest rate requirements During the covered period, a covered loan shall bear an interest rate in accordance with the maximum interest rate in effect on February 15, 2020, for a loan under this subsection. (M) Subsidy recoupment fee Notwithstanding any other provision of law, a covered loan shall not be subject to a subsidy recoupment fee. (N) Loan deferment (i) Definition of impacted borrower (I) In general In this subparagraph, the term impacted borrower means an eligible recipient that— (aa) is in operation on February 15, 2020; and (bb) has an application for a covered loan that is approved or pending approval on or after the date of enactment of this paragraph. (II) Presumption For purposes of this subparagraph, an impacted borrower is presumed to have been adversely impacted by COVID–19. (ii) Deferral During the covered period, the Administrator shall— (I) consider each eligible recipient that applies for a covered loan to be an impacted borrower