[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR354.8]

[Page 348]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 354--REGULATIONS GOVERNING BOOK-ENTRY SECURITIES OF THE STUDENT LOAN MARKETING ASSOCIATION (SALLIE MAE)--Table of Contents
 
Sec. 354.8  Waiver of regulations.

    The Secretary reserves the right, in the Secretary's discretion, to 
waive any provision(s) of the regulations in this part in any case or 
class of cases for the convenience of Sallie Mae, or in order to relieve 
any person or entity of unnecessary hardship, if such action is not 
inconsistent with law, does not adversely affect substantial existing 
rights, and the Secretary is satisfied that such action will not subject 
Sallie Mae to any substantial expense or liability.