; and (B) periodically update the rule issued under subparagraph (A). (3) No adverse change and financial statement Before the closing with respect to a loan made under subsection (a), the borrower and any operating company shall— (A) make the certification required under section 120.892 of title 13, Code of Federal Regulations, or any successor regulation; and (B) submit to the certified development company a financial statement that is not more than 180 days old, which the company shall certify not later than 120 days before the date on which the certified development company issues a debenture with respect to the project to which the loan relates. (c) Express program An accredited lender certified company may, with respect to a covered loan, take any of the following actions with respect to the loan: (1) Any action described in any of subparagraphs (A) through (J) of subsection (b)(1). (2) If the borrower is not delinquent with respect to the loan payments— (A) permit the loan to subordinate to a new third-party lender loan for the purposes of refinancing that third-party lender loan, except that no refinanced amount with respect to the loan may be increased in order to provide cash to the borrower; (B) permit a new party to assume responsibility for the loan if the original borrower remains on the loan as the original guarantor; (C) obtain force placed insurance coverage for the loan if the borrower has allowed insurance coverage with respect to the loan to lapse