PAYMENT OF INTEREST.

SEC. 444. PAYMENT OF INTEREST. Section 362(d)(3) of title 11, United States Code, is amended—(1) by inserting “or 30 days after the court determines that the debtor is subject to this paragraph, whichever is later” after “90-day period)”; and(2) by striking subparagraph (B) and inserting the following:“(B) the debtor has commenced monthly payments that—“(i) may, in the debtor’s sole discretion, notwithstanding section 363(c)(2), be made from rents or other income generated before, on, or after the date of the commencement of the case by or from the property to each creditor whose claim is secured by such real estate (other than a claim secured by a judgment lien or by an unmatured statutory lien); and“(ii) are in an amount equal to interest at the then applicable nondefault contract rate of interest on the value of the creditor’s interest in the real estate; or”.