(a) The Board shall waive the requirements for licensure for an applicant to practice clinical professional counseling if the applicant:
(1) Is licensed or certified as a clinical professional counselor in another state, territory, or jurisdiction that has requirements that are equivalent to or exceed the requirements of § 17–304 of this subtitle;
(2) Submits an application to the Board on a form that the Board requires; and
(3) Pays to the Board an application fee set by the Board.
(b) The Board shall adopt regulations to implement this section.