; (C) obtain force placed insurance coverage for the loan if the borrower has allowed insurance coverage with respect to the loan to lapse; and (D) endorse an insurance check with respect to the property that is financed by the loan in an amount that is less than $100,000. (3) Certify that the loan is compliant with the appraisal requirements and environmental policies and procedures applicable to the loan under Standard Operating Procedure 50 10 5(K) of the Administration, effective April 1, 2019, or any successor Standard Operating Procedure. (d) Definitions In this section— (1) the term accredited lender certified company means a certified development company that meets the requirements under section 507(b), including a certified development company that the Administration has designated as an accredited lender under such section 507(b); and (2) the term covered loan — (A) means a loan made under subsection (a) in an amount that is not more than $500,000; and (B) does not include a loan made to a borrower that is a franchise that, or is in an industry that, has a high rate of default, as annually determined by the Administrator. . 190016. Economic injury disaster loans improvements (a) Approval and ability To repay for certain loans With respect to a loan made under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) in response to the COVID–19 pandemic that does not exceed $350,000, the Administrator— (1) may approve an applicant based solely on the credit score of the applicant and shall not require an applicant to submit a tax return or a tax return transcript for such approval; or (2) use alternative appropriate methods to determine an applicant’s ability to repay. (b) Emergencies involving federal primary responsibility qualifying for small business administration assistance Section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) is amended— (1) in subparagraph (A), by striking or at the end; (2) in subparagraph (B), by striking or at the end