Subject to the provisions of this section, the Board may waive any examination requirement of this title for an individual who is licensed or certified as a psychologist in any other state. The Board may grant a waiver under this section only if the applicant: Pays the application fee required by the Board under § 18-303 of this subtitle; and Provides adequate evidence that the applicant: Meets the qualifications otherwise required by this title; and Became licensed or certified in the other state under requirements substantially equivalent to the licensing requirements of this title.