; and (B) proactively provide those requirements to any such borrower that received a loan described in paragraph (1). 407. Principal and interest payments for certain disaster loans (a) In general The Administrator shall pay the principal, interest, and any associated fees that are owed on a physical disaster loan or a covered EIDL loan as follows: (1) With respect to a physical disaster loan— (A) not in deferment, for the 12-month period beginning with the next payment due on such loan; (B) in deferment, for the 12-month period beginning with the next payment due on such loan after the deferment period; and (C) made on or after the date of enactment of this Act, for the 12-month period beginning with the first payment due on such loan. (2) With respect to a covered EIDL loan— (A) not in deferment, for the 12-month period beginning with the next payment due on such loan; and (B) in deferment, for the 12-month period beginning with the next payment due on such loan after the deferment period. (b) Timing of payment The Administrator shall begin making payments under subsection (a) not later than 30 days after the date on which the first such payment is due. (c) Application of payment Any payment made by the Administrator under subsection (a) shall be applied to the physical disaster loan or a covered EIDL loan (as applicable) such that the borrower is relieved of the obligation to pay that amount. (d) Definitions In this section: (1) Physical disaster loan The term physical disaster loan means a loan made under section 7(b)(1) of the Small Business Act ( 15 U.S.C. 636(b)(1) ) in a regular servicing status. (2) Covered EIDL loan The term covered EIDL loan means a loan made under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) that— (A) was approved by the Administrator before February 15, 2020