(1)(a)
All licenses or certificates expire pursuant to a schedule established by the director
and may be renewed or reinstated pursuant to this section. Upon compliance with
this section and any applicable rules of the board regarding renewal, including the
payment of a renewal fee plus a reinstatement fee established pursuant to
subsection (1)(b) of this section, the expired license or certificate shall be
reinstated. A real estate appraiser's license or certificate that has not been
renewed for a period greater than two years shall not be reinstated, and the person
must submit a new application for licensure or certification.
(b)A person who fails to renew his or her license or certificate before the
applicable renewal date may have it reinstated if the person submits an app
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(1) (a)
All licenses or certificates expire pursuant to a schedule established by the director
and may be renewed or reinstated pursuant to this section. Upon compliance with
this section and any applicable rules of the board regarding renewal, including the
payment of a renewal fee plus a reinstatement fee established pursuant to
subsection (1)(b) of this section, the expired license or certificate shall be
reinstated. A real estate appraiser's license or certificate that has not been
renewed for a period greater than two years shall not be reinstated, and the person
must submit a new application for licensure or certification.
(b) A person who fails to renew his or her license or certificate before the
applicable renewal date may have it reinstated if the person submits an application
as prescribed by the board:
(I) Within thirty-one days after the date of expiration, by payment of the
regular renewal fee;
(II) More than thirty-one days, but within one year, after the date of
expiration, by payment of the regular renewal fee and payment of a reinstatement
fee equal to one-third of the regular renewal fee; or
(III) More than one year, but within two years, after the date of expiration, by
payment of the regular renewal fee and payment of a reinstatement fee equal to
two-thirds of the regular renewal fee.
(2) If the federal registry fee collected by the board and transmitted to the
federal financial institutions examination council is increased prior to expiration of
a license or certificate, the board shall collect the amount of the increase in the fee
from the holder of the license or certificate and forward the amount to the council
annually. The federal registry fee does not apply to licensed ad valorem appraisers
licensed under this article 10.
(3) (a) If the applicant has complied with this section and any applicable
rules of the board regarding renewal, except for the continuing education
requirements pursuant to section 12-10-606, the licensee may renew the license on
inactive status. An inactive license may be activated if the licensee submits written
certification of compliance with the required number of continuing education hours
as determined by the Appraiser Qualifications Board of the Appraisal Foundation or
its successor organization. The board may adopt rules establishing procedures to
facilitate reactivation of licenses.
(b) The holder of an inactive license shall not perform a real estate appraisal
or appraisal management duties.
(c) The holder of an inactive license shall not hold himself or herself out as
having an active license pursuant to this part 6.
(4) At the time of renewal or reinstatement, every licensee, certificate
holder, and person or individual who owns more than ten percent of an appraisal
management company shall submit a set of fingerprints to the Colorado bureau of
investigation for the purpose of conducting a state and national fingerprint-based
criminal history record check utilizing records of the Colorado bureau of
investigation and the federal bureau of investigation, if the person has not
previously done so for issuance of a license or certification by the board. Each
person submitting a set of fingerprints shall pay the fee established by the
Colorado bureau of investigation for conducting the fingerprint-based criminal
history record check to the bureau. The bureau shall forward the results to the
board. The board shall require a name-based judicial record check, as defined in
section 22-2-119.3 (6)(d), for an applicant who has a record of arrest without a
disposition. The applicant shall pay the costs associated with a name-based judicial
record check. The board may refuse to renew or reinstate a license or certification
based on the outcome of the record check.