(a) Subject to the provisions of this section, the Board may waive any examination requirement of this subtitle for an applicant who is licensed in any other state to practice:

(1) Occupational therapy; or

(2) Limited occupational therapy or its equivalent.

(b) The Board may grant a waiver under this section only if the applicant:

(1) Pays the application fee set by the Board under § 10-304 of this subtitle; and

(2) Provides adequate evidence that the applicant:

(i) Meets the qualifications otherwise required by this title; and

(ii) Became licensed in the other state after meeting requirements in that or any other state that are at least equivalent to the requirements of this State.