INCREASE IN ENTITLEMENT AMOUNT.

SEC. 306. INCREASE IN ENTITLEMENT AMOUNT. (a) Increased Entitlement.—Section 1803(a)(1) is amended— (1) in subparagraph (A)(i)— (A) by striking out “or” after the semicolon in subclause (I); and (B) by striking out subclause (II) and inserting in lieu thereof the following: “(II) in the case of any loan of more than $45,000, but not more than $56,250, $22,500; “(III) in the case of any loan of more than $56,250, but not more than $144,000, the lesser of $36,000 or 40 percent of the loan; or “(IV) in the case of any loan of more than $144,000 for a purpose specified in clause (1), (2), (3), or (6) of section 1810(a) of this title, the lesser of $46,000 or 25 percent of the loan; or”; and (2) in subparagraph (B), by striking out “$36,000” and inserting in lieu thereof “$36,000, or in the case of a loan described in subparagraph (A)(i)(IV) of this paragraph, $46,000,”. (b) Effective Date.—The amendments made by subsection (a) shall take effect on the date of the enactment of this Act and shall apply only with respect to loans closed after such date.