TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 185 CREDIT UNION COMMUNITY REINVESTMENT
SECTION 185.510 PROVISIONS FOR GRANTING OF VARIANCE FROM RULES


 

Section 185.510  Provisions for Granting of Variance from Rules

 

The Secretary may grant variances in individual cases from this Part in individual cases where it is determined that in their sole discretion that:

 

a)         The provision from which the variance is granted is not statutorily mandated;

 

b)         No party will be injured by granting the variance; and

 

c)         The rule from which the variance is granted would, in the particular case, be unnecessarily burdensome.