; (2) waive statutory limits on covered loan durations for any lender that offers a deferral and extends the maturity of covered loan products during the 1-year period following the date of enactment of this Act; and (3) extend site visit requirements to 60 days for covered loan defaults and 90 days for nonpayment to provide more time because of the potential of higher volumes, travel restrictions, and the inability to access some properties during the COVID–19 pandemic. (e) Rule of construction Nothing in this section may be construed to limit the authority of the Administrator to make payments pursuant to subsection (c) with respect to a covered loan solely because the covered loan has been sold in the secondary market. (f) Authorization of appropriations There is authorized to be appropriated to the Administrator $16,800,000,000 to carry out this section. 8. Temporary fee reductions (a) Purpose The purpose of the section is to waive borrower and lender fees on loans, including a permanent fix to waive fees for veterans and their spouses. (b) Administrative fee waiver (1) In general During the period beginning on the date of enactment of this Act and ending on September 30, 2021, and to the extent that the cost of such elimination or reduction of fees is offset by appropriations, with respect to each loan guaranteed under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) (including a recipient of assistance under the Community Advantage Pilot Program of the Administration) for which an application is approved or pending approval on or after the date of enactment of this Act, the Administrator shall— (A) in lieu of the fee otherwise applicable under section 7(a)(23)(A) of the Small Business Act ( 15 U.S.C. 636(a)(23)(A) ), collect no fee or reduce fees to the maximum extent possible