876 IAC 3-2-4 Expiration of licenses

Sec. 4. (a) Licenses issued under this article shall expire on a date established by the Indiana professional licensing agency under IC 25-1-6-4(j). (b) To renew a license, an individual must do the following: (1) Pay the fee required by section 7(b)(2) of this rule. (2) Complete an application for renewal on a form provided by the board. (3) Satisfactorily complete the continuing education required by 876 IAC 3-5. (4) Sign a statement under penalty of perjury that: (A) the hours submitted are correct; (B) the licensee attended and completed courses taken; and (C) to the best of the licensee's knowledge, the courses completed meet the requirements of 876 IAC 3-5. (c) When renewing a license, a licensee may apply for and receive an inactive license. This individual is exempt from the continuing education requirements stated in subsection (b)(3) and 876 IAC 3-5. The holder of an inactive license may not appraise real estate. (d) To reactivate an inactive license, a licensee must: (1) complete an application for reactivation; (2) have obtained the number of qualifying continuing education hours required under IC 25-34.1-3-10 and the provisions of 876 IAC 3-5-1; and (3) within the continuing education required by subdivision (2), have obtained seven (7) hours of Uniform Standards of Professional Appraisal Practice (USPAP) as required by 876 IAC 3-5-1.5 that covered the version of the USPAP in effect at the time the application for reactivation is filed.