The Secretary, or the Secretary's designee, may waive or vary particular provisions of these regulations to the extent that the waiver is not inconsistent with the Act if:

1. A. Conformance to the requirement of any federal, State, or local program in connection with a loan necessitates waiver or variance of a regulation; or
2. B. In the determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.

Authority: Economic Development Article, §§2-108 and 5-204, Annotated Code of Maryland

Effective date: December 18, 1995 (22:25 Md. R. 1965)

Chapter revised effective March 6, 2000 (27:4 Md. R. 455)