In doing my research on this matter, I found the above to be false.
According to FAA Advisory Circular 91-78, it is up to the Pilot in Command as to whether he will utilize an EFB or Paper Charts.

Just to make sure that my interpretation of the regulations were accurate, I put the question to the FAA themselves.

As I fly the Maule in IFR quite often, it is nice to know that a reasonably priced program like ForeFlight is a 100% legal replacement for paper charts and approach plates, and that the very expensive (~$1000/yr) Jeppesen or Garmin subscriptions are not required.

Having that new chart open and sitting in my lap saved my butt. I've also noticed identifiers changing over the years, which can make things interesting talking with ATC if you don't know the current ID for your destination.