(a) The Commission shall reinstate the license of an individual who has failed to renew a license for any reason if the individual:

(1) applies to the Commission for reinstatement within 5 years after the license expires;

(2) meets the renewal requirements under § 16-3A-07 of this subtitle; and

(3) in addition to the renewal fee required under § 16-3A-07 of this subtitle, pays to the Commission a reinstatement fee set by the Commission.

(b) The Commission may not reinstate the license of an individual who for any reason fails to apply for reinstatement within 5 years after the license has expired.