1.  A license to practice as a physical therapist or physical therapist assistant expires 1 year after the date of its issuance or on the date prescribed by the Board, whichever is later. Except as otherwise provided in subsection 2, a physical therapist or physical therapist assistant may renew a license before its expiration upon:

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(a) Presentation of proof of completion of a program of continuing competency as required by subsection 3;

(b) Payment of a renewal fee established by the Board; and

(c) Submission of all information required to complete the renewal.

2.  A license may be renewed within 30 days after the date it expires. An expired license that is not renewed in a timely manner may be reinstated, at the discretion of the Board, upon:

(a) Payment of the reinstatement fee established by regulation of the Board for each year or portion thereof that the license is expired; and

(b) Satisfaction of the requirements for renewal prescribed by subsection 1.

3.  The Board shall require licensed physical therapists and physical therapist assistants to complete a program of continuing competency as a requirement for the renewal of licenses. The Board shall, by regulation, establish requirements for the program of continuing competency, which may include a requirement that any provider of such a program must be approved by the Board.

4.  The Board:

(a) Shall establish a fee for reinstatement of an expired license, to be paid for each year or portion thereof that the license is expired.

(b) May establish a fee of not more than $150 to consider approval of a program of continuing competency.