INTEREST ON INTEREST.

SEC. 305. INTEREST ON INTEREST. (a) Chapter 11.—Section 1123 of title 11, United States Code, is amended by adding at the end the following: “(d) Notwithstanding subsection (a) of this section and sections 506(b), 1129(a)(7), and 1129(b) of this title, if it is proposed in a plan to cure a default the amount necessary to cure the default shall be determined in accordance with the underlying agreement and applicable nonbankruptcy law.”. (b) Chapter 12.—Section 1222 of title 11, United States Code, is amended by adding at the end the following: “(d) Notwithstanding subsection (b)(2) of this section and sections 506(b) and 1225(a)(5) of this title, if it is proposed in a plan to cure a default, the amount necessary to cure the default, shall be determined in accordance with the underlying agreement and applicable nonbankruptcy law.”. (c) Chapter 13.—Section 1322 of title 11, United States Code, is amended by adding at the end the following: “(e) Notwithstanding subsection (b)(2) of this section and sections 506(b) and 1325(a)(5) of this title, if it is proposed in a plan to cure a default, the amount necessary to cure the default, shall be determined in accordance with the underlying agreement and applicable nonbankruptcy law.”.