1. Short title This Act may be cited as the Relief for Rural Development Borrowers Act . 2. Subsidy for payments and loan deferment for rural development loans (a) Definition of secretary In this section, the term Secretary means the Secretary of Agriculture. (b) Subsidy for certain loan payments (1) Definition of covered loan In this subsection, the term covered loan means— (A) a business and industry guaranteed loan under section 310B(g) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1932(g) ), other than such a loan guaranteed using amounts made available for the Rural Business Program Account by title I of division B of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ); (B) a community facility guaranteed loan under section 306(a) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1926(a) ); and (C) a community facility direct loan under section 306(a) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1926(a) ). (2) Principal and interest payments (A) In general The Secretary shall pay the principal, interest, and any associated fees that are owed on a covered loan in a regular servicing status— (i) with respect to a covered loan made before the date of enactment of this Act and not on deferment, for the 6-month period beginning with the next payment due on the covered loan; (ii) with respect to a covered loan made before the date of enactment of this Act and on deferment, for the 6-month period beginning with the next payment due on the covered loan after the deferment period