; and (L) an analysis of the median and average credit scores of borrowers relating to early default rates, purchase rates, and charge offs. . 208. Denied loan or loan modification request (a) 7(a) loans Section 7(a)(1) of the Small Business Act ( 15 U.S.C. 636(a)(1) ), as amended by section 206(b) of this Act, is amended by adding at the end the following: (H) Denied loan or loan modification request (i) Role of Administrator The Administrator may not intervene or make a final decision with respect to a request for reconsideration of a denied loan or loan modification request made by an applicant or recipient of a loan under this subsection. (ii) Final decision Only the Director of the Office of Financial Assistance may make a final decision with respect to a request for reconsideration of a denied loan or loan modification request made by an applicant or recipient of a loan under this subsection. . (b) 504/CDC loans Section 502 of the Small Business Investment Act of 1958 ( 15 U.S.C. 696 ), as amended by section 205(b) of this Act, is amended by adding at the end the following: (11) Denied loan or loan modification request (A) Role of Administrator The Administrator may not intervene or make a final decision with respect to a request for reconsideration of a denied loan or loan modification request made by an applicant or recipient of a loan under this section. (B) Final decision Only the Director of the Office of Financial Assistance may make a final decision with respect to a request for reconsideration of a denied loan or loan modification request made by an applicant or recipient of a loan under this section. . 209. Direct lending Section 7(a)(1) of the Small Business Act ( 15 U.S.C. 636(a)(1) ), as amended by section 208(a) of this Act, is amended by adding at the end the following: (I) Notification required before direct lending Not later than 60 days before the Administration implements any policy or pilot program that would allow the Administration to directly make a loan under this subsection, the