Regulation .09 Waiver.
Regulation .09 Waiver.LinkCopy Citation
The Secretary may waive or vary particular provisions of this chapter to the extent that the waiver is not inconsistent with the Act if:
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
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.