PROCEDURES FOR REDUCTION OF INTEREST CREDITS.

SEC. 309. PROCEDURES FOR REDUCTION OF INTEREST CREDITS. Section 521(a)(1)(B) of the Housing Act of 1949 is amended by adding at the end the following new sentence: “In the case of assistance provided under this subparagraph with respect to a loan under section 502, the Secretary may not reduce, cancel, or refuse to renew the assistance due to an increase in the adjusted income of the borrower if the reduction, cancellation, or nonrenewal will cause the borrower to be unable to reasonably afford the resulting payments required under the loan.”.