Section 1185 - Waiver of interest and penalty(a) The State Escheator may, for good cause, waive, in whole or in part, interest and penalties under § 1183 or § 1184 of this title, subject to the following requirements: (1) Except as provided in paragraph (2) of this subsection, interest must be no less than 20% per incident for any holder who receives a notice of examination after August 1, 2021.(2) Interest must be 1% per incident for any holder who receives a notice of examination after August 1, 2021, who completes and remits payment pursuant to a Department of Finance expedited examination process under § 1172(c) of this title.(3) For the purposes of this section, per incident means the total past-due examination liability, including any estimated liability under § 1176(a) of this title.(b) The Secretary of State may waive interest due on outstanding unpaid amounts reported through the Secretary of State's voluntary disclosure program pursuant to § 1173 of this title.Amended by Laws 2021, ch. 59,s 22, eff. 6/30/2021.Amended by Laws 2017, ch. 48,s 7, eff. 6/29/2017.Added by Laws 2017, ch. 1,s 2, eff. 2/2/2017.