; and (B) submits to the Secretary, at such time and in such manner as the Secretary may require, a completed application for the loan to be reissued with an interest rate reduction in accordance with this section. (2) Limitation If a borrower has been convicted of, or has pled nolo contendere or guilty to, a crime involving fraud in obtaining funds under this title, the borrower shall not be eligible to have a loan reissued under this section unless the borrower has completed the repayment of such funds to the Secretary, or to the holder in the case of a loan under this title obtained by fraud. (c) Reduced interest rate For each loan reissued by the Secretary under this section on or after the date of enactment of the Student Loan Relief Act of 2019 , and before the date that is 10 years after such date of enactment, the applicable rate of interest shall, for loans reissued during any 12-month period beginning on July 1 and ending on June 30, be determined on the preceding June 1 and be a rate equal to the high yield of the 10-year Treasury note auctioned at the final auction held prior to such June 1. (d) Terms of reissuance A loan reissued by the Secretary under this section shall— (1) have the same terms (other than applicable rate of interest) as the terms of the loan before reissuance, including the terms related to eligibility for consolidation of such loan in accordance with this title; (2) have an applicable reduced rate of interest on the loan calculated in accordance with subsection (c) , and such rate shall be fixed for the remaining period of the loan; (3) not require the execution of a new promissory note and shall not result in the extension of the duration of the note