(1) When a licensee or a trainee registered under ORS 692.190 has allowed a license or a registration to lapse, the State Mortuary and Cemetery Board may reinstate the license or reregister the trainee if the licensee or trainee:
(a) Applies for reinstatement or reregistration not later than the 90th day after the lapse; and
(b) Pays all fees owing to the date of reinstatement or reregistration as well as a reinstatement or reregistration fee established under ORS 692.160.
(2) Upon the lapse of a license or registration, the board shall send the notice of lapse to the licensee or trainee by registered or certified mail at the last-known address of the licensee or trainee.