(1) To renew a license issued by the Oregon Board of Accountancy, an Oregon licensee shall submit to the board every two years:
(a) A completed renewal application;
(b) The renewal fee in the amount of $255; and
(c) Evidence satisfactory to the board that the Oregon licensee has complied with continuing education requirements under ORS 673.165, unless those requirements have been waived by the board.
(2)(a) A license lapses if the license is not timely renewed after the close of the license period for which it was issued, as determined by the board by rule.
(b) The board may restore a lapsed license upon payment of a delinquent renewal fee in an amount determined by the board by rule and any other conditions established by the board by rule.
(3) A license expires if it is not renewed for six years after the close of the license period.
(4) The board may restore an expired license if the board determines that it has just cause to restore the expired license as determined by the board by rule.
(5) The board may establish by rule a process for Oregon licensees to obtain and renew a retired license and establish by rule a reduced renewal fee for retired license holders.