N.J. Admin. Code § 13:29-1.7

Current through Register Vol. 56, No. 11, June 3, 2024

Section 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. 45:1-14et seq., even if no notice of suspension has been provided to the individual.

N.J. Admin. Code § 13:29-1.7

Adopted by 51 N.J.R. 1424(a), effective 9/3/2019