N.J. Admin. Code § 13:29-1.7 - License renewal
(a) The Board shall send a notice of renewal
to each licensee, at least 60 days prior to the expiration of the license. The
notice of renewal shall explain inactive renewal and advise the licensee of the
option to renew as inactive. If the notice to renew is not sent 60 days prior
to the expiration date, no monetary penalties or fines shall apply to the
holder for failure to renew, provided that the license is renewed within 60
days from the date the notice is sent or within 30 days following the date of
license expiration, whichever is later.
(b) A licensee shall renew his or her license
for a period of three years from the last expiration date. The licensee shall
submit a renewal application to the Board, along with the renewal fee set forth
in N.J.A.C. 13:29-1.5, prior to the
date of license expiration.
(c) A
licensee may renew his or her license by choosing inactive status. A licensee
electing to renew his or her license as inactive shall not engage in the
practice of accountancy, registered municipal accounting, or public school
accounting, as applicable, or hold himself or herself out as eligible to engage
in the practice of accountancy, registered municipal accounting, or public
school accounting, as applicable, in New Jersey, until such time as the license
is returned to active status.
1. A licensee
choosing inactive status shall be provided with the option of choosing either
inactive paid or inactive unpaid status. A licensee electing inactive paid
status shall pay the applicable inactive renewal fee set forth in
N.J.A.C.
13:29-1.5, which shall entitle the licensee
to obtain all printed information disseminated by the Board to all active
licensees. A licensee choosing inactive unpaid status shall not be required to
pay the inactive renewal fee and shall not receive printed information
disseminated by the Board to active licensees. A licensee choosing inactive
paid or unpaid status shall not engage in the practice of accountancy,
registered municipal accounting, or public school accounting, as applicable, in
New Jersey, until such time as the license is returned to active
status.
2. A licensee who has
elected inactive status shall not use, in any form, the title or designation of
certified public accountant, public accountant, accountant, auditor, or
registered municipal accountant, as applicable, or any other title or
designation that implies that the person holds a valid, active license from the
Board. Inactive licensees may use such titles or designations provided the
titles or designations contain the word inactive.
3. A holder of a license as a Public School
Accountant or Registered Municipal Accountant who elects to place the
qualifying license (for example, Certified Public Accountant or Public
Accountant license) in inactive status, shall also elect inactive status for
his or her Public School Accountant and/or Registered Municipal Accountant
license, as applicable.
(d) If a licensee does not renew the license
prior to its expiration date, the licensee may renew the license within 30 days
of its expiration by submitting a renewal application, a renewal fee, and a
late fee as set forth in
N.J.A.C.
13:29-1.5. During this 30-day period, the
license shall be valid and the licensee shall not be deemed practicing without
a license.
(e) A licensee who fails
to submit a renewal application within 30 days of license expiration shall have
his or her license suspended without a hearing.
(f) A licensee who continues to engage in the
practice of accountancy, registered municipal accounting, or public school
accounting, as applicable, with a suspended license shall be deemed to be
engaging in the unauthorized practice of accountancy, registered municipal
accounting, or public school accounting, as applicable, and shall be subject to
action consistent with
N.J.S.A.
45:1-14 et seq., even if no notice of
suspension has been provided to the individual.
Notes
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