; and (bb) the product obtained by multiplying— (AA) the number of part-time employees of the borrower on the date on which the borrower applies for a loan under this subparagraph; by (BB) the quotient obtained by dividing the average number of hours each part time employee of the borrower works each week by 40. (v) Nondelegation Notwithstanding section 508(e), the Administrator may not permit a premier certified lender to approve or disapprove an application for assistance under this subparagraph. (vi) Total amount of loans The Administrator may provide not more than a total of $7,500,000,000 of financing under this subparagraph for each fiscal year. . (2) Conforming amendment Section 521 of division E of the Consolidated Appropriations Act, 2016 ( 15 U.S.C. 696 note) is repealed. (e) 504 debt refinance with expansion Section 502(7)(B) of the Small Business Investment Act of 1948 ( 15 U.S.C. 696(7)(B) ) is amended, in the matter preceding clause (i), by striking 50 and inserting 100 . (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