Notwithstanding any specific provision in sections 1.148-1 through 1.148-11, the Commissioner may prescribe extensions of temporary periods, larger reasonably required reserve or replacement funds, or consequences of failures or remedial action under section 148 in lieu of or in addition to other consequences of those failures, or take other action, if the Commissioner finds that good faith or other similar circumstances so warrant, consistent with the purposes of section 148.
[T.D. 8284, 55 FR 2512, Jan. 25, 1990; 55 FR 4998, Feb. 13, 1990, as amended by T.D. 8418, 57 FR 20971-21033, May 18, 1992; revised by T.D. 8476, 58 FR 33510-33553, June 18, 1993, as corrected by 58 FR 44451-44454, Aug. 23, 1993; T.D. 8538, 59 FR 24039-24046, May 10, 1994; T.D. 8476, corrected by 59 FR 24350-24351, May 11, 1994; amended by T.D. 8718, 62 FR 25502-25514, May 9, 1997.]